4 Locally Headquartered Credit Unions

One county includes: Ventura

 

Members: 109,000 (-3 percent decrease)

  • -3,600 less members
  • Dropped from a record 113,000 in 2019
  • Up 43 percent from 76,000 in 2005 (category has almost always risen from 2005 – 2019)
     

Loans: $1.1 billion (8 percent increase)

  • Increased 141 percent from $454 million in 2012
  • Hit a record (last historical peak was $513 million in 2008)
  • 79 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: 32 percent increase
  • Hit a record of $633 million
  • Increased 254 percent from $179 million in 2012 (last historical peak was $235 million in 2008)
     
  • HELOCs/home equity loans (combined category): -21 percent decrease
  • Dropped from a record ($121 million in 2019) to $95 million (not seen since 2018)
  • Increased 40 percent from $68 million in 2013 (last historical peak was $104 million in 2007)
     
  • New auto loans: -16 percent decrease
  • Dropped from $79 million in 2019 to $66 million (not seen since 2016)
  • Increased 318 percent from $18 million in 2012 (record high was $83 million in 2018)
     
  • Used auto loans: -11 percent decrease
  • Dropped from $205 million in 2019 to $183 million (not seen since 2014)
  • Increased 151 percent from $73 million in 2007 (record high was $293 million in 2016)
     
  • Credit card lending: -13 percent decrease
  • Dropped from a record ($72 million in 2019) to $63 million (not seen since 2017)
  • Increased 473 percent from $11 million in 2005 (category has almost always risen since 2005)
     
  • Business loans: 67 percent increase
  • Reached $111 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2005 – 2020 from $2 million – $111 million


Deposits: $1.4 billion (16 percent increase)

  • Increased 81 percent from $793 million in 2010
  • Hit a record
  • ($1.7 billion in assets)
  • Checking accounts (share drafts): 29 percent increase
  • Hit a record of $330 million
  • Increased 323 percent from $78 million in 2008 (last historical peak was $96 million in 2005)
     
  • Savings accounts (regular shares): 25 percent increase
  • Hit a record of $564 million
  • Increased 294 percent from $143 million in 2007 (last historical peak was $225 million in 2005)
     
  • Money market accounts: 7 percent increase
  • Rose to $280 million (not seen since 2018)
  • Increased 7 percent from $262 million in 2019 (record high was $285 million in 2017)
     
  • Certificates of deposit: 3 percent increase
  • Rose to $205 million (not seen since 2015)
  • Increased 22 percent from $168 million in 2018 (record high was $251 million in 2008)
     
  • IRA/Keogh accounts: 5 percent increase
  • Rose to $58 million (not seen since 2017)
  • Increased 5 percent from $55 million in 2019 (record high was $85 million in 2012)
 

Operations: $25 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $100 million)
  • About 320 individuals were employed (5 percent increase)
 
California and Nevada Credit Union Leagues