VENTURA COUNTY
2Q 2021 Credit Union Snapshot

4 Locally Headquartered Credit Unions

One county includes: Ventura
 

Members: 107,000 (-3 percent decrease)

• -3,300 less members
• Declined from a record 112,000 in 2019
• Up 41 percent from 76,000 in 2006 (category has almost always risen from 2006 – 2021)
  
  
   

Total Loans: $1.2 billion (11 percent increase)

• Increased 159 percent from $459 million in 2012
• Hit a record (prior historical peak was $489 million in 2008)
• 71 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: 30 percent increase
• Hit a record of $767 million
• Increased 312 percent from $186 million in 2012 (prior historical peak was $226 million in 2009)
   
• HELOCs/home equity loans (combined category): -29 percent decrease
• Declined from an intermittent peak ($124 million in 2019) to $74 million (not seen since 2015)
• Increased 9 percent from $68 million in 2014 (record high was $125 million in 2019)
   
• New auto loans: -23 percent decrease
• Declined from a record ($81 million in 2018) to $55 million (not seen since 2015)
• Increased 224 percent from $17 million in 2012 (prior historical peak was $65 million in 2006)
   
• Used auto loans: -10 percent decrease
• Declined from a record ($296 million in 2016) to $169 million (not seen since 2014)
• Increased 132 percent from $73 million in 2008 (prior historical peak was $76 million in 2006)
   
• Credit card lending: -14 percent decrease
• Declined from a record ($72 million in 2019) to $56 million (not seen since 2016)
• Increased 331 percent from $13 million in 2006 (category has almost always risen since 2006)
   
• Business loans: 102 percent increase
• Reached $184 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2006 – 2021 from $6 million – $184 million

Total Deposits: $1.7 billion (20 percent increase)

• Increased 100 percent from $850 million in 2011
• Hit a record (category has always risen from 2006 – 2021)
• ($1.95 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 19 percent increase
• Hit a record of $381 million
• Increased 348 percent from $85 million in 2008 (prior historical peak was $93 million in 2006)
   
• Savings accounts (regular shares): 27 percent increase
• Hit a record of $677 million
• Increased 367 percent from $145 million in 2008 (prior historical peak was $191 million in 2006)
   
• Money market accounts: 17 percent increase
• Hit a record of $313 million
• Increased 8 percent from $290 million in 2018 (category has almost always risen since 2006)
   
• Certificates of deposit: -3 percent decrease
• Declined from an intermittent peak ($209 million in 2020) to $203 million (not seen since early 2020)
• Increased 17 percent from $173 million in 2018 (record high was $250 million in 2008)
   
• IRA/Keogh accounts: 2 percent increase
• Rose to $59 million (not seen since 2017)
• Increased 7 percent from $55 million in 2019 (record high was $85 million in 2012)

 

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 (0 percent change)