SOUTHERN NEVADA
2Q 2020 Credit Union Snapshot

8 Locally Headquartered Credit Unions

Two counties include: Clark and Lincoln

 

Members: 232,000 (1 percent increase)

• 1,100 new members
• Reached a level not seen since 2012
• Up 5 percent from 221,000 in 2014 (record high was 288,000 in 2008)
   

Loans: $2.1 billion (2 percent increase)

• Increased 55 percent from $1.4 billion in 2014
• Reached a level not seen since 2009 (record high was $2.3 billion in 2008)
• 60 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 $1.05 billion (not seen since 2010)
• Increased 31 percent from $805 million in 2014 (historical peak was $1.1 billion in 2009)
   
• HELOCs/home equity loans (combined category): 2 percent decrease
• Dropped from an intermittent peak ($103 million in 2019) to $100 million (not seen since early 2019)
• Increased 20 percent from $83 million in 2016 (record high was $361 million in 2007)
   
• New auto loans: 5 percent decrease
• Dropped from an intermittent peak ($261 million in 2019) to $248 million (not seen since 2018)
• Increased 377 percent from $52 million in 2014 (record high was $486 million in 2006)
   
• Used auto loans: 1 percent increase
• Hit a record of $557 million
• Increased 144 percent from $228 million in 2011 (last historical peak was $339 million in 2005)
   
• Credit card lending: 10 percent decrease
• Dropped from an intermittent peak ($76 million in 2019) to $68 million (not seen since 2015)
• Increased 24 percent from $55 million in 2013 (record high was $78 million in 2017)
   
• Business loans: 17 percent increase
• Reached $254 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $56 million – $261 million

Deposits: $3.5 billion (16 percent increase)

• Increased 50 percent from $2.3 billion in 2012
• Hit a record (last historical peak was $2.8 billion in 2008)
• ($4 billion in assets)

• Checking accounts (share drafts): 21 percent increase
• Hit a record of $753 million
• Increased 106 percent from $365 million in 2010 (last historical peak was $408 million in 2006)
   
• Savings accounts (regular shares): 16 percent increase
• Hit a record of $1.7 billion
• Increased 116 percent from $785 million in 2008 (last historical peak was $972 million in 2005)
   
• Money market accounts: 6 percent increase
• Rose to $643 million (not seen since 2010)
• Increased 19 percent from $539 million in 2013 (record high was $694 million in 2008)
   
• Certificates of deposit: 52 percent increase
• Rose to $228 million (not seen since 2012)
• Increased 52 percent from $150 million in 2018 (record high was $686 million in 2008)
   
• IRA/Keogh accounts: 1 percent decrease
• Dropped to $163 million (not seen since before 2005)
• Fallen 42 percent from $279 million in 2009 (the record high)

Operations: $34 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $136 million)

• About 800 individuals were employed (2 percent decrease)