VENTURA COUNTY
3Q 2020 Credit Union Snapshot

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)