18 Locally Headquartered Credit Unions
Two counties include: San Diego and Imperial
Members: 1.2 million (4 percent increase)
- 48,000 new members
- Hit a record
- Up 56 percent from 781,000 in 2011 (last historical peak was 812,000 in 2010)
Loans: $13.7 billion (-4 percent decrease)
- Dropped from a record $14.3 billion in 2019 (last historical peak was $8.6 billion in 2008)
- Increased 96 percent from $7 billion in 2012
- 74 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: 5 percent increase
- Hit a record of $7.7 billion
- Increased 89 percent from $4.1 billion in 2011 (last historical peak was $4.5 billion in 2009)
- HELOCs/home equity loans (combined category): -18 percent decrease
- Dropped from an intermittent peak ($967 million in 2019) to $792 million (not seen since 2016)
- Increased 17 percent from $675 million in 2013 (record high was $1.1 billion in 2008)
- New auto loans: -21 percent decrease
- Dropped from a record ($2.4 billion in 2018) to $1.8 billion (not seen since 2016)
- Increased 310 percent from $434 million in 2012 (last historical peak was $1.1 billion in 2006)
- Used auto loans: -10 percent decrease
- Dropped from a record ($2.8 billion in 2018) to $2.5 billion (not seen since 2017)
- Increased 151 percent from $984 million in 2012 (last historical peak was $1.2 billion in 2008)
- Credit card lending: -10 percent decrease
- Dropped from a record ($602 million in 2019) to $541 million (not seen since 2017)
- Increased 27 percent from $426 million in 2012 (last historical peak was $468 million in 2009)
- Business loans: 16 percent increase
- Reached $1.6 billion (includes landlord real estate loans)
- Category has fluctuated greatly between 2005 – 2020 from $421 million – $1.6 billion
Deposits: $18.6 billion (16 percent increase)
- Increased 87 percent from $10 billion in 2010
- Hit a record (category has always risen from 2005 – 2020)
- ($21.7 billion in assets)
- Checking accounts (share drafts): 92 percent increase
- Hit a record of $4.2 billion
- Increased 418 percent from $807 million in 2008 (last historical peak was $1.2 billion in 2005)
- Savings accounts (regular shares): -3 percent decrease
- Dropped from a record ($3.9 billion in 2019) to $3.8 billion (not seen since 2018)
- Increased 105 percent from $1.9 billion in 2010 (category has always risen from 2005 – 2020)
- Money market accounts: 15 percent increase
- Hit a record of $6.2 billion
- Increased 244 percent from $1.8 billion in 2007 (last historical peak was $2.3 billion in 2005)
- Certificates of deposit: -2 percent decrease
- Rose to $3.5 billion (not seen since early 2019)
- Increased 37 percent from $2.5 billion in 2014 (record high was $3.6 billion in 2008)
- IRA/Keogh accounts: 1 percent increase
- Rose to $836 million (not seen since 2018)
- Fallen 4 percent from a record high of $874 million in 2013
Operations: $169 million spent
Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $677 million)
- About 2,870 individuals were employed (-4 percent decrease)