SAN DIEGO REGION
2Q 2021 Credit Union Snapshot

18 Locally Headquartered Credit Unions

Two counties include: San Diego and Imperial
 

Members: 1.23 million (2 percent increase)

• 19,100 new members
• Hit a record
• Up 53 percent from 805,000 in 2012 (prior historical peak was 819,000 in 2011)
  
  
   

Total Loans: $12.3 billion (-14 percent decrease)

• Declined from a record $14.3 billion in 2020 (prior historical peak was $8.4 billion in 2009)
• Increased 76 percent from $7 billion in 2013
• 59 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: -10 percent decrease
• Declined from a record ($7.9 billion in 2020) to $7.1 billion (not seen since late 2019)
• Increased 76 percent from $4 billion in 2011 (prior historical peak was $4.6 billion in 2009)
   
• HELOCs/home equity loans (combined category): -26 percent decrease
• Declined from an intermittent peak ($952 million in 2019) to $630 million (not seen since 2013)
• Record high was $1.1 billion in 2009
   
• New auto loans: -31 percent decrease
• Declined from a record ($2.3 billion in 2018) to $1.4 billion (not seen since 2016)
• Increased 213 percent from $434 million in 2013 (prior historical peak was $1.1 billion in 2008)
   
• Used auto loans: -17 percent decrease
• Declined from a record ($2.8 billion in 2019) to $2.2 billion (not seen since 2016)
• Increased 122 percent from $986 million in 2012 (prior historical peak was $1.2 billion in 2008)
   
• Credit card lending: -12 percent decrease
• Declined from a record ($595 million in 2019) to $493 million (not seen since 2016)
• Increased 17 percent from $420 million in 2012 (prior historical peak was $457 million in 2009)
   
• Business loans: 11 percent increase
• Reached $1.7 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $504 million – $1.7 billion

Total Deposits: $20.7 billion (14 percent increase)

• Increased 100 percent from $10.35 billion in 2011
• Hit a record (category has always risen from 2006 – 2021)
• ($23.9 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 16 percent increase
• Hit a record of $4.7 billion
• Increased 484 percent from $811 million in 2009 (prior historical peak was $1.1 billion in 2007)
   
• Savings accounts (regular shares): 35 percent increase
• Hit a record of $4.8 billion
• Increased 100 percent from $2.4 billion in 2013 (category has always risen from 2006 – 2021)
   
• Money market accounts: 17 percent increase
• Hit a record of $7 billion
• Increased 278 percent from $1.8 billion in 2007 (prior historical peak was $2 billion in 2006)
   
• Certificates of deposit: -3 percent decrease
• Declined from an intermittent peak ($3.5 billion in 2020) to $3.4 billion (not seen since early 2019)
• Increased 37 percent from $2.5 billion in 2014 (record high was $3.7 billion in 2008)
   
• IRA/Keogh accounts: 1 percent increase
• Rose to $839 million (not seen since 2018)
• Declined -4 percent from a record high of $870 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 2,870 individuals were employed (-4 percent decrease)