18 Locally Headquartered Credit Unions

Two counties include: San Diego and Imperial

 

Members: 1.2 million (5 percent increase)

  • 57,000 new members
  • Hit a record
  • Up 50 percent from 805,000 in 2012 (last historical peak was 819,000 in 2011)
     

Loans: $14.3 billion (1 percent increase)

  • Increased 105 percent from $7 billion in 2013
  • Hit a record (last historical peak was $8.4 billion in 2009)
  • 79 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: 9 percent increase
  • Hit a record of $7.9 billion
  • Increased 94 percent from $4.1 billion in 2011 (last historical peak was $4.6 billion in 2009)
     
  • HELOCs/home equity loans (combined category): 10 percent decrease
  • Dropped from an intermittent peak ($952 million in 2019) to $853 million (not seen since 2018)
  • Increased 24 percent from $687 million in 2013 (record high was $1.1 billion in 2009)
     
  • New auto loans: 12 percent decrease
  • Dropped from a record ($2.3 billion in 2018) to $2 billion (not seen since 2017)
  • Increased 352 percent from $434 million in 2013 (last historical peak was $1.1 billion in 2008)
     
  • Used auto loans: 5 percent decrease
  • Dropped from a record ($2.8 billion in 2019) to $2.6 billion (not seen since 2017)
  • Increased 166 percent from $986 million in 2012 (last historical peak was $1.2 billion in 2008)
     
  • Credit card lending: 5 percent decrease
  • Dropped from a record ($595 million in 2019) to $563 million (not seen since 2018)
  • Increased 34 percent from $420 million in 2012 (last historical peak was $457 million in 2009)
     
  • Business loans: 16 percent increase
  • Reached $1.5 billion (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $415 million – $1.5 billion


Deposits: $18.1 billion (14 percent increase)

  • Increased 81 percent from $10 billion in 2010
  • Hit a record (category has always risen from 2005 – 2020)
  • ($21.3 billion in assets)
  • Checking accounts (share drafts): 88 percent increase
  • Hit a record of $4.1 billion
  • Increased 402 percent from $811 million in 2009 (last historical peak was $1.2 billion in 2005)
     
  • Savings accounts (regular shares): 9 percent decrease
  • Dropped from a record ($3.9 billion in 2019) to $3.6 billion (not seen since 2017)
  • Increased 90 percent from $1.9 billion in 2010 (category has always risen from 2005 – 2020)
     
  • Money market accounts: 11 percent increase
  • Hit a record of $6 billion
  • Increased 224 percent from $1.8 billion in 2007 (last historical peak was $2.4 billion in 2005)
     
  • Certificates of deposit: 1 percent increase
  • Rose to $3.5 billion (not seen since early 2019)
  • Increased 40 percent from $2.5 billion in 2015 (record high was $3.7 billion in 2008)
     
  • IRA/Keogh accounts: 0 percent change
  • Remained at an intermittent trough of $829 million (not seen since 2009)
  • Dropped 5 percent from $871 million in 2013 (the record high)
 

Operations: $149 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $596 million)
  • About 2,970 individuals were employed (0 percent change)
California and Nevada Credit Union Leagues