VENTURA COUNTY
2Q 2020 Credit Union Snapshot

4 Locally Headquartered Credit Unions

One county includes: Ventura

 

Members: 113,000 (1 percent increase)

• 780 new members
• Hit a record
• Up 41 percent from 80,000 in 2010 (category has almost always risen since 2005)
   

Loans: $1.1 billion (6 percent increase)

• Increased 134 percent from $459 million in 2012
• Hit a record (last historical peak was $489 million in 2008)
• 77 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: 24 percent increase
• Hit a record of $589 million
• Increased 217 percent from $186 million in 2012 (last historical peak was $226 million in 2009)
   
• HELOCs/home equity loans (combined category): 17 percent decrease
• Dropped from a record ($125 million in 2019) to $104 million (not seen since early 2019)
• Increased 53 percent from $68 million in 2014 (last historical peak was $103 million in 2008)
   
• New auto loans: 12 percent decrease
• Dropped from a record ($80 million in 2019) to $71 million (not seen since 2017)
• Increased 318 percent from $17 million in 2012 (last historical peak was $65 million in 2006)
   
• Used auto loans: 9 percent decrease
• Dropped from $208 million in 2019 to $189 million (not seen since 2014)
• Increased 159 percent from $73 million in 2008 (record high was $296 million in 2016)
   
• Credit card lending: 9 percent decrease
• Dropped from a record ($72 million in 2019) to $66 million (not seen since 2017)
• Increased 633 percent from $9 million in 2005 (category has almost always risen since 2005)
   
• Business loans: 29 percent increase
• Reached $91 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2005 – 2020 from $2 million – $91 million

Deposits: $1.4 billion (13 percent increase)

• Increased 75 percent from $794 million in 2010
• Hit a record
• ($1.65 billion in assets)

• Checking accounts (share drafts): 23 percent increase
• Hit a record of $321 million
• Increased 278 percent from $85 million in 2008 (last historical peak was $93 million in 2006)
   
• Savings accounts (regular shares): 19 percent increase
• Hit a record of $534 million
• Increased 268 percent from $145 million in 2008 (last historical peak was $226 million in 2005)
   
• Money market accounts: 1 percent increase
• Rose to $268 million (not seen since early 2019)
• Increased 1 percent from $265 million in 2019 (record high was $290 million in 2018)
   
• Certificates of deposit: 14 percent increase
• Rose to $209 million (not seen since 2015)
• Increased 21 percent from $173 million in 2018 (record high was $250 million in 2008)
   
• IRA/Keogh accounts: 5 percent increase
• Rose from $55 million in 2019 to $57 million
• Increased 4 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 $84 million)

• About 320 individuals were employed (3 percent increase)