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)
California and Nevada Credit Union Leagues