18 Locally Headquartered Credit Unions

Two counties include: San Diego and Imperial

 

Members: 1.2 million (3 percent increase)

  • 36,300 new members
  • Hit a record
  • Up 54 percent from 788,000 in 2011 (last historical peak was 812,000 in 2010)
     

Loans: $13 billion (-10 percent decrease)

  • Dropped from a record $14.5 billion in 2019 (last historical peak was $8.6 billion in 2008)
  • Increased 86 percent from $7 billion in 2012
    67 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: 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: -3 percent decrease
  • Dropped from a record ($7.6 billion in 2019) to $7.4 billion (not seen since early 2019)
  • Increased 84 percent from $4 billion in 2010 (last historical peak was $4.5 billion in 2008)
     
  • HELOCs/home equity loans (combined category): -23 percent decrease
  • Dropped from an intermittent peak ($946 million in 2019) to $727 million (not seen since 2014)
  • Increased 7 percent from $680 million in 2013 (record high was $1.1 billion in 2008)
     
  • New auto loans: -27 percent decrease
  • Dropped from a record ($2.4 billion in 2018) to $1.6 billion (not seen since 2016)
  • Increased 276 percent from $429 million in 2012 (last historical peak was $1.1 billion in 2006)
     
  • Used auto loans: -14 percent decrease
  • Dropped from a record ($2.8 billion in 2018) to $2.3 billion (not seen since 2017)
  • Increased 140 percent from $969 million in 2012 (last historical peak was $1.2 billion in 2008)
     
  • Credit card lending: -15 percent decrease
  • Dropped from a record ($624 million in 2019) to $533 million (not seen since 2017)
  • Increased 22 percent from $438 million in 2011 (last historical peak was $476 million in 2009)
     
  • Business loans: 10 percent increase
  • Reached $1.6 billion (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $431 million – $1.6 billion


Deposits: $19.4 billion (20 percent increase)

  • Increased 100 percent from $9.7 billion in 2009
  • Hit a record (category has always risen from 2005 – 2020)
  • ($22.5 billion in assets)
  • Checking accounts (share drafts): 104 percent increase
  • Hit a record of $4.5 billion
  • Increased 473 percent from $776 million in 2008 (last historical peak was $1.3 billion in 2005)
     
  • Savings accounts (regular shares): 3 percent increase
  • Hit a record of $4.1 billion
  • Increased 100 percent from $2.05 billion in 2011 (category has always risen from 2005 – 2020)
     
  • Money market accounts: 19 percent increase
  • Hit a record of $6.5 billion
  • Increased 253 percent from $1.8 billion in 2006 (last historical peak was $2.1 billion in 2005)
     
  • Certificates of deposit: -3 percent decrease
  • Dropped from an intermittent peak ($3.5 billion in 2019) to $3.4 billion (not seen since early 2019)
  • Increased 38 percent from $2.5 billion in 2014 (record high was $3.8 billion in 2008)
     
  • IRA/Keogh accounts: 1 percent increase
  • Rose to $836 million (not seen since 2018)
  • Declined 4 percent from a record high of $867 million in 2013
 

Operations: $153 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $610 million)
  • About 2,875 individuals were employed (-5 percent decrease)
California and Nevada Credit Union Leagues