SOUTHERN NEVADA
3Q 2020 Credit Union Snapshot

8 Locally Headquartered Credit Unions

Two counties include: Clark and Lincoln

 

Members: 232,000 (0 percent change)

• 600 new members
• Reached a level not seen since 2017
• Up 5 percent from 221,000 in 2014 (record high was 290,000 in 2008)
   

Loans: $2.1 billion (0 percent change)

• Increased 54 percent from $1.3 billion in 2013
• Reached a level not seen since 2009 (record high was $2.4 billion in 2008)
• 58 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: 6 percent increase
• Rose to $1.1 billion (not seen since 2009)
• Increased 37 percent from $803 million in 2013 (historical peak was $1.1 billion in 2008)
   
• HELOCs/home equity loans (combined category): -7 percent decrease
• Dropped from an intermittent peak ($105 million in 2019) to $97 million (not seen since early 2019)
• Increased 20 percent from $81 million in 2018 (record high was $372 million in 2006)
   
• New auto loans: -12 percent decrease
• Dropped from an intermittent peak ($267 million in 2019) to $234 million (not seen since 2018)
• Increased 333 percent from $54 million in 2014 (record high was $483 million in 2006)
   
• Used auto loans: -4 percent decrease
• Dropped from a record ($560 million in 2019) to $540 million (not seen since 2018)
• Increased 132 percent from $233 million in 2011 (last historical peak was $324 million in 2008)
   
• Credit card lending: -14 percent decrease
• Dropped from a record ($77 million in 2019) to $66 million (not seen since 2014)
• Increased 20 percent from $55 million in 2013 (last historical peak was $71 million in 2009)
   
• Business loans: 29 percent increase
• Reached $273 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $67 million – $273 million

Deposits: $3.6 billion (20 percent increase)

• Increased 60 percent from $2.2 billion in 2012
• Hit a record (last historical peak was $2.7 billion in 2009)
• ($4.1 billion in assets)

• Checking accounts (share drafts): 23 percent increase
• Hit a record of $744 million
• Increased 111 percent from $352 million in 2009 (last historical peak was $412 million in 2005)
   
• Savings accounts (regular shares): 22 percent increase
• Hit a record of $1.8 billion
• Increased 132 percent from $767 million in 2008 (last historical peak was $970 million in 2005)
   
• Money market accounts: 10 percent increase
• Rose to $676 million (not seen since 2008)
• Increased 27 percent from $532 million in 2012 (record high was $682 million in 2007)
   
• Certificates of deposit: 55 percent increase
• Rose to $232 million (not seen since 2012)
• Increased 59 percent from $146 million in 2018 (record high was $654 million in 2008)
   
• IRA/Keogh accounts: 2 percent increase
• Rose to $166 million (not seen since 2018)
• Increased 2 percent from $162 million in 2019 (historical peak was $281 million in 2009)

Operations: $38 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $151 million)

• About 770 individuals were employed (4 percent decrease)