VENTURA COUNTY
2Q 2022 Credit Union Snapshot

4 Locally Headquartered Credit Unions

One county includes: Ventura
 

Members: 107,000 (0 percent change)

• 0 new members
• Record high was 112,000 in 2019
  
  

Total Loans: $1.4 billion (20 percent increase)

• Hit a record (prior historical peak was $490 million in 2008)
• 74 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: 22 percent increase
• Reached $718 million
• Record high was $844 million in 2021
   
• HELOCs/home equity loans (combined category): -1 percent decrease
• Declined to $67 million
• Record high was $130 million in 2018
   
• New auto loans: -9 percent decrease
• Declined to $50 million
• Record high was $81 million in 2018
   
• Used auto loans: 5 percent increase
• Reached $179 million
• Record high was $296 million in 2016
   
• Credit card lending: 2 percent increase
• Reached $58 million
• Record high was $72 million in 2019
   
• Business loans: 113 percent increase
• Reached $216 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2007 – 2021 from $1 million – $216 million

Total Deposits: $1.9 billion (13 percent increase)

• Hit a record
• Category has always risen since 2007
• ($2.2 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 13 percent increase
• Hit a record of $432 million
• Category has always risen since 2007
   
• Savings accounts (regular shares): 12 percent increase
• Hit a record of $757 million (prior historical peak was $155 million in 2007)
   
• Money market accounts: 6 percent increase
• Hit a record of $331 million (prior historical peak was $289 million in 2018)
   
• Certificates of deposit: -4 percent decrease
• Declined to $195 million
• Record high was $250 million in 2008
   
• IRA/Keogh accounts: 1 percent increase
• Reached $59 million
• Record high was $85 million in 2012

 

Operations: $29.5 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $118 million)

• About 315 individuals were employed (-2 percent decrease)