SACRAMENTO COUNTY
3Q 2020 Credit Union Snapshot

8 Locally Headquartered Credit Unions

One county includes: Sacramento

 

Members: 1.4 million (2 percent increase)

• 27,300 new members
• Hit a record
• Up 68 percent from 831,000 in 2011 (last historical peak was 941,000 in 2009)
   

Loans: $12.6 billion (3 percent increase)

• Increased 147 percent from $5.1 billion in 2012
• Hit a record (last historical peak was $6.6 billion in 2006)
• 68 percent loan-to-deposit ratio (loaned out)
• *A small portion of total loans may be through “loan participations”
• **Total loans do not include the much smaller sub-categories of personal loans, student loans, and “other” loans

• First-mortgages: 18 percent increase
• Hit a record of $5.3 billion
• Increased 161 percent from $2 billion in 2011 (last historical peak was $2.2 billion in 2008)
   
• HELOCs/home equity loans (combined category): -20 percent decrease
• Dropped from an intermittent peak ($553 million in 2019) to $442 million (not seen since before 2005)
• Fallen 74 percent from a record high of $1.7 billion in 2007
   
• New auto loans: -11 percent decrease
• Dropped from an intermittent peak ($3.3 billion in 2019) to $2.9 billion (not seen since 2016)
• Increased 416 percent from $568 million in 2011 (record high was $3.5 billion in 2018)
   
• Used auto loans: 1 percent increase
• Remained near a record of $2.7 billion
• Increased 219 percent from $858 million in 2008 (last historical peak was $1.1 billion in 2006)
   
• Credit card lending: -8 percent decrease
• Dropped from a record ($596 million in 2019) to $547 million (not seen since 2017)
• Increased 89 percent from $290 million in 2011 (last historical peak was $309 million in 2009)
   
• Business loans: 2 percent increase
• Reached $265 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $152 million – $371 million

Deposits: $18.5 billion (22 percent increase)

• Increased 105 percent from $9 billion in 2010
• Hit a record
• ($21 billion in assets)

• Checking accounts (share drafts): 60 percent increase
• Hit a record of $2.1 billion
• Increased 256 percent from $600 million in 2008 (last historical peak was $1.2 billion in 2006)
   
• Savings accounts (regular shares): 20 percent increase
• Hit a record of $7.3 billion
• Increased 397 percent from $1.5 billion in 2006 (last historical peak was $1.8 billion in 2005)
   
• Money market accounts: 22 percent increase
• Hit a record of $5.5 billion
• Increased 317 percent from $1.3 billion in 2007 (last historical peak was $1.5 billion in 2005)
   
• Certificates of deposit: 5 percent increase
• Rose to $2.5 billion (not seen since 2009)
• Increased 86 percent from $1.4 billion in 2014 (record high was $3.2 billion in 2007)
   
• IRA/Keogh accounts: 2 percent increase
• Rose to $703 million (not seen since 2017)
• Increased 1 percent from $693 million in 2019 (record high was $787 million in 2011)

 

Operations: $134 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $536 million)

• About 2,910 individuals were employed (6 percent increase)