18 Locally Headquartered Credit Unions

Two counties include: San Diego and Imperial

 

Members: 1.23 million (1 percent increase)

  • 16,100 new members
  • Hit a record
  • Up 54 percent from 799,000 in 2012 (last historical peak was 816,000 in 2011)
     

Loans: $12.4 billion (-15 percent decrease)

  • Declined from a record $14.6 billion in 2020 (last historical peak was $8.6 billion in 2009)
  • Increased 80 percent from $6.9 billion in 2013
  • 61 percent loan-to-deposit ratio (loaned out)
  • *Percentage increases and/or decreases represent dollar amount changes
  • **A small portion of total loans may be through “loan participations”
  • ***Total loans do not include the much smaller sub-categories of: a) personal loans (including signature, secured, unsecured, line of credit, and emergency); b) “other” vehicle loans (including motorcycles, watercrafts, motor homes, trailers, boats, all-terrain vehicles, and utility task vehicles); and c) student loans
  • First-mortgages: -9 percent decrease
  • Declined from a record ($7.8 billion in 2020) to $7 billion (not seen since late 2019)
  • Increased 75 percent from $4 billion in 2011 (last historical peak was $4.6 billion in 2009)
     
  • HELOCs/home equity loans (combined category): -29 percent decrease
  • Declined from an intermittent peak ($964 million in 2019) to $659 million (not seen since 2014)
  • Record high was $1.1 billion in 2009
     
  • New auto loans: -30 percent decrease
  • Declined from a record ($2.3 billion in 2019) to $1.5 billion (not seen since 2016)
  • Increased 250 percent from $424 million in 2013 (last historical peak was $1.1 billion in 2007)
     
  • Used auto loans: -18 percent decrease
  • Declined from a record ($2.8 billion in 2019) to $2.2 billion (not seen since 2017)
  • Increased 129 percent from $980 million in 2013 (last historical peak was $1.2 billion in 2009)
     
  • Credit card lending: -20 percent decrease
  • Declined from a record ($610 million in 2020) to $489 million (not seen since 2016)
  • Increased 17 percent from $418 million in 2012 (last historical peak was $455 million in 2010)
     
  • Business loans: 10 percent increase
  • Reached $1.6 billion (includes landlord real estate loans)
  • Category has fluctuated greatly between 2006 – 2021 from $449 million – $1.6 billion


Deposits: $20.5 billion (22 percent increase)

  • Increased 100 percent from $10.3 billion in 2011
  • Hit a record (category has always risen from 2006 – 2021)
  • ($23.7 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes
  • Checking accounts (share drafts): 105 percent increase
  • Hit a record of $4.8 billion
  • Increased 471 percent from $837 million in 2009 (last historical peak was $1.5 billion in 2006)
     
  • Savings accounts (regular shares): 8 percent increase
  • Hit a record of $4.6 billion
  • Increased 100 percent from $2.3 billion in 2012 (category has always risen from 2006 – 2021)
     
  • Money market accounts: 22 percent increase
  • Hit a record of $6.8 billion
  • Increased 261 percent from $1.9 billion in 2007 (last historical peak was $2.1 billion in 2006)
     
  • Certificates of deposit: -4 percent decrease
  • Declined from an intermittent peak ($3.5 billion in 2020) to $3.4 billion (not seen since late 2019)
  • Increased 38 percent from $2.5 billion in 2014 (record high was $3.8 billion in 2009)
     
  • IRA/Keogh accounts: 3 percent increase
  • Rose to $841 million (not seen since 2018)
  • Declined -3 percent from a record high of $867 million in 2013
 

Operations: $131 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $523 million)
  • About 2,890 individuals were employed (-5 percent decrease)
California and Nevada Credit Union Leagues