SOUTHERN CALIFORNIA
4Q 2020 Credit Union Snapshot

135 Locally Headquartered Credit Unions

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

 

Members: 5.4 million (4 percent increase)

• 217,000 new members
• Hit a record
• Up 45 percent from 3.7 million in 2010 (yearly membership has almost always risen from 2005 – 2020)
   

Loans: $58.3 billion (1 percent increase)

• Increased 103 percent from $28.7 billion in 2012
• Hit a record (last historical peak was $36.2 billion in 2008)
• 65 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: 7 percent increase
• Hit a record of $31.7 billion
• Increased 105 percent from $15.3 billion in 2012 (last historical peak was $17.5 billion in 2008)
   
• HELOCs/home equity loans (combined category): -18 percent decrease
• Dropped from an intermittent peak ($4.8 billion in 2019) to $4 billion (not seen since 2017)
• Increased 2 percent from $3.9 billion in 2016 (record high was $6.6 billion in 2008)
   
• New auto loans: -9 percent decrease
• Dropped from a record ($7.4 billion in 2019) to $6.7 billion (not seen since 2018)
• Increased 321 percent from $1.6 billion in 2011 (last historical peak was $5.4 billion in 2006)
   
• Used auto loans: 3 percent increase
• Hit a record of $9.5 billion
• Increased 206 percent from $3.1 billion in 2010 (last historical peak was $4.3 billion in 2007)
   
• Credit card lending: -12 percent decrease
• Dropped from a record ($2.8 billion in 2019) to $2.5 billion (not seen since 2017)
• Increased 39 percent from $1.8 billion in 2010 (last historical peak was $1.9 billion in 2009)
   
• Business loans: 9 percent increase
• Reached $6.3 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $2.7 billion – $6.3 billion

Deposits: $90.4 billion (25 percent increase)

• Increased 100 percent from $45 billion in 2012
• Hit a record (category has always risen from 2005 – 2020)
• ($104 billion in assets)

• Checking accounts (share drafts): 36 percent increase
• Hit a record of $14 billion
• Increased 245 percent from $4.1 billion in 2007 (last historical peak was $4.6 billion in 2005)
   
• Savings accounts (regular shares): 36 percent increase
• Hit a record of $34.1 billion
• Increased 309 percent from $8.3 billion in 2007 (last historical peak was $9.8 billion in 2005)
   
• Money market accounts: 25 percent increase
• Hit a record of $20.4 billion
• Increased 208 percent from $6.6 billion in 2005 (has always risen from 2005 – 2020)
   
• Certificates of deposit: 2 percent increase
• Hit a record of $16.9 billion
• Increased 75 percent from $9.7 billion in 2012 (last historical peak was $14.9 billion in 2008)
   
• IRA/Keogh accounts: 7 percent increase
• Hit a record of $4.3 billion
• Increased 12 percent from $3.9 billion in 2014 (last historical peak was $4.1 billion in 2010)

 

Operations: $772 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $3.1 billion)

• About 13,670 individuals were employed (2 percent increase)

135 Locally Headquartered Credit Unions

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

 

Members: 5.4 million (4 percent increase)

• 217,000 new members
• Hit a record
• Up 45 percent from 3.7 million in 2010 (yearly membership has almost always risen from 2005 – 2020)
   

Loans: $58.3 billion (1 percent increase)

• Increased 103 percent from $28.7 billion in 2012
• Hit a record (last historical peak was $36.2 billion in 2008)
• 65 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: 7 percent increase
• Hit a record of $31.7 billion
• Increased 105 percent from $15.3 billion in 2012 (last historical peak was $17.5 billion in 2008)
   
• HELOCs/home equity loans (combined category): -18 percent decrease
• Dropped from an intermittent peak ($4.8 billion in 2019) to $4 billion (not seen since 2017)
• Increased 2 percent from $3.9 billion in 2016 (record high was $6.6 billion in 2008)
   
• New auto loans: -9 percent decrease
• Dropped from a record ($7.4 billion in 2019) to $6.7 billion (not seen since 2018)
• Increased 321 percent from $1.6 billion in 2011 (last historical peak was $5.4 billion in 2006)
   
• Used auto loans: 3 percent increase
• Hit a record of $9.5 billion
• Increased 206 percent from $3.1 billion in 2010 (last historical peak was $4.3 billion in 2007)
   
• Credit card lending: -12 percent decrease
• Dropped from a record ($2.8 billion in 2019) to $2.5 billion (not seen since 2017)
• Increased 39 percent from $1.8 billion in 2010 (last historical peak was $1.9 billion in 2009)
   
• Business loans: 9 percent increase
• Reached $6.3 billion (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $2.7 billion – $6.3 billion

Deposits: $90.4 billion (25 percent increase)

• Increased 100 percent from $45 billion in 2012
• Hit a record (category has always risen from 2005 – 2020)
• ($104 billion in assets)

• Checking accounts (share drafts): 36 percent increase
• Hit a record of $14 billion
• Increased 245 percent from $4.1 billion in 2007 (last historical peak was $4.6 billion in 2005)
   
• Savings accounts (regular shares): 36 percent increase
• Hit a record of $34.1 billion
• Increased 309 percent from $8.3 billion in 2007 (last historical peak was $9.8 billion in 2005)
   
• Money market accounts: 25 percent increase
• Hit a record of $20.4 billion
• Increased 208 percent from $6.6 billion in 2005 (has always risen from 2005 – 2020)
   
• Certificates of deposit: 2 percent increase
• Hit a record of $16.9 billion
• Increased 75 percent from $9.7 billion in 2012 (last historical peak was $14.9 billion in 2008)
   
• IRA/Keogh accounts: 7 percent increase
• Hit a record of $4.3 billion
• Increased 12 percent from $3.9 billion in 2014 (last historical peak was $4.1 billion in 2010)

 

Operations: $772 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $3.1 billion)

• About 13,670 individuals were employed (2 percent increase)