SOUTHERN CALIFORNIA
4Q 2021 Credit Union Snapshot

128 Locally Headquartered Credit Unions

Four counties include: Los Angeles, Orange, San Bernardino, and Riverside
 

Members: 5.3 million (4 percent increase)

• 181,000 new members
• Hit a record
• Up 50 percent from 3.6 million in 2010 (yearly membership has almost always risen since 2006)
  
  

Total Loans: $60 billion (8 percent increase)

• Increased 120 percent from $27.3 billion in 2012
• Hit a record (prior historical peak was $34.8 billion in 2008)
• 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: 11 percent increase
• Hit a record of $33.3 billion
• Increased 131 percent from $14.5 billion in 2012 (prior historical peak was $16.8 billion in 2008)
   
• HELOCs/home equity loans (combined category): -7 percent decrease
• Declined from an intermittent peak ($4.6 billion in 2019) to $3.6 billion (not seen since before 2006)
• Record high was $6.4 billion in 2008
   
• New auto loans: -3 percent decrease
• Declined from a record ($7 billion in 2019) to $6.2 billion (not seen since 2018)
• Increased 305 percent from $1.5 billion in 2011 (prior historical peak was $5.2 billion in 2006)
   
• Used auto loans: 8 percent increase
• Hit a record of $9.7 billion
• Increased 225 percent from $3 billion in 2010 (prior historical peak was $4.1 billion in 2007)
   
• Credit card lending: 3 percent increase
• Declined from a record ($2.7 billion in 2019) to $2.5 billion (not seen since 2017)
• Increased 47 percent from $1.7 billion in 2010 (prior historical peak was $1.8 billion in 2009)
   
• Business loans: 10 percent increase
• Reached $6.6 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $3.4 billion – $6.6 billion

Total Deposits: $99 billion (13 percent increase)

• Increased 100 percent from $49.5 billion in 2015
• Hit a record (category has always risen since 2006)
• ($112 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 48 percent increase
• Hit a record of $19.6 billion
• Increased 411 percent from $3.8 billion in 2007 (prior historical peak was $4.1 billion in 2006)
   
• Savings accounts (regular shares): 5 percent increase
• Hit a record of $34.7 billion
• Increased 327 percent from $8.1 billion in 2007 (prior historical peak was $8.7 billion in 2006)
   
• Money market accounts: 24 percent increase
• Hit a record of $24.6 billion
• Increased 100 percent from $12.3 billion in 2013 (has always risen since 2006)
   
• Certificates of deposit: -8 percent decrease
• Declined from a record ($16.3 billion in 2020) to $15 billion (not seen since 2019)
• Increased 63 percent from $9.2 billion in 2012 (prior historical peak was $14.5 billion in 2008)
   
• IRA/Keogh accounts: -1 percent decrease
• Declined from a record ($4.2 billion in 2020) to $4.1 billion (not seen since early 2020)
• Increased 12 percent from $3.7 billion in 2014 (prior historical peak was $4 billion in 2010)

 

Operations: $800 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $3.2 billion)

• About 13,370 individuals were employed (3 percent increase)