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)