VENTURA COUNTY
1Q 2021 Credit Union Snapshot

4 Locally Headquartered Credit Unions

One county includes: Ventura

 

Members: 108,000 (-5 percent decrease)

• -5,200 less members
• Declined from a record 115,000 in 2017
• Up 44 percent from 75,000 in 2006 (category has almost always risen from 2006 – 2021)
   

Loans: $1.2 billion (13 percent increase)

• Increased 154 percent from $455 million in 2011
• Hit a record (last historical peak was $499 million in 2009)
• 75 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: 43 percent increase
• Hit a record of $739 million
• Increased 291 percent from $189 million in 2012 (last historical peak was $231 million in 2009)
   
• HELOCs/home equity loans (combined category): -31 percent decrease
• Declined from an intermittent peak ($128 million in 2019) to $78 million (not seen since 2017)
• Increased 16 percent from $67 million in 2014 (record high was $130 million in 2019)
   
• New auto loans: -23 percent decrease
• Declined from a record ($82 million in 2019) to $58 million (not seen since 2015)
• Increased 241 percent from $17 million in 2012 (last historical peak was $61 million in 2006)
   
• Used auto loans: -14 percent decrease
• Declined from a record ($301 million in 2016) to $169 million (not seen since 2014)
• Increased 132 percent from $73 million in 2008 (last historical peak was $78 million in 2006)
   
• Credit card lending: -20 percent decrease
• Declined from a record ($72 million in 2019) to $58 million (not seen since 2016)
• Increased 383 percent from $12 million in 2006 (category has almost always risen since 2006)
   
• Business loans: 133 percent increase
• Reached $174 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $6 million – $174 million

Deposits: $1.6 billion (27 percent increase)

• Increased 100 percent from $800 million in 2010
• Hit a record (category has always risen from 2006 – 2021)
• ($1.9 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes

• Checking accounts (share drafts): 38 percent increase
• Hit a record of $382 million
• Increased 329 percent from $89 million in 2008 (last historical peak was $98 million in 2006)
   
• Savings accounts (regular shares): 38 percent increase
• Hit a record of $652 million
• Increased 350 percent from $145 million in 2008 (last historical peak was $211 million in 2006)
   
• Money market accounts: 20 percent increase
• Hit a record of $309 million
• Increased 20 percent from $258 million in 2020 (last historical peak was $299 million in 2017)
   
• Certificates of deposit: -4 percent decrease
• Declined from an intermittent peak ($212 million in 2020) to $205 million (not seen since early 2020)
• Increased 20 percent from $171 million in 2018 (record high was $253 million in 2008)
   
• IRA/Keogh accounts: 4 percent increase
• Rose to $58 million (not seen since 2017)
• Increased 5 percent from $55 million in 2019 (record high was $84 million in 2013)

 

Operations: $21 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $82 million)

• About 320 individuals were employed (-1 percent decrease)