4 Locally Headquartered Credit Unions

One county includes: Ventura
 

Members: 107,000 (-1 percent decrease)

  • -1,200 less members
  • Declined from a record 114,000 in 2016
  • Up 43 percent from 75,000 in 2006


Total Loans: $1.3 billion (13 percent increase)

  • Increased 176 percent from $461 million in 2011
  • Hit a record (prior historical peak was $516 million in 2008)
  • 72 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: 24 percent increase
  • Hit a record of $844 million
  • Increased 354 percent from $186 million in 2012 (prior historical peak was $239 million in 2008)
     
  • HELOCs/home equity loans (combined category): -19 percent decrease
  • Declined from a record ($130 million in 2018) to $68 million (not seen since 2014)
  • Increased 3 percent from $66 million in 2013 (prior historical peak was $106 million in 2007)
     
  • New auto loans: -16 percent decrease
  • Declined from a record ($84 million in 2018) to $53 million (not seen since 2015)
  • Increased 194 percent from $18 million in 2011 (prior historical peak was $62 million in 2006)
     
  • Used auto loans: -2 percent decrease
  • Declined from a record ($292 million in 2015) to $171 million (not seen since 2014)
  • Increased 134 percent from $73 million in 2006
     
  • Credit card lending: -8 percent decrease
  • Declined from a record ($74 million in 2019) to $57 million (not seen since 2016)
  • Increased 256 percent from $16 million in 2008
     
  • Business loans: 56 percent increase
  • Reached $228 million (includes landlord real estate loans)
  • Category has fluctuated greatly between 2006 – 2021 from $6 million – $228 million


Total Deposits: $1.8 billion (17 percent increase)

  • Increased 100 percent from $900 million in 2012
  • Hit a record (category has always risen since 2006)
  • ($2.1 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes


     
  • Checking accounts (share drafts): 12 percent increase
  • Hit a record of $398 million
  • Increased 410 percent from $78 million in 2007 (prior historical peak was $85 million in 2006)
     
  • Savings accounts (regular shares): 23 percent increase
  • Hit a record of $733 million
  • Increased 431 percent from $138 million in 2007 (prior historical peak was $161 million in 2006)
     
  • Money market accounts: 13 percent increase
  • Hit a record of $329 million
  • Increased 28 percent from $258 million in 2019 (prior historical peak was $303 million in 2016)
     
  • Certificates of deposit: -6 percent decrease
  • Declined from an intermittent peak ($206 million in 2019) to $192 million (not seen since 2019)
  • Increased 14 percent from $169 million in 2018 (record high was $238 million in 2007)
     
  • IRA/Keogh accounts: 1 percent increase
  • Rose to $58 million (not seen since 2017)
  • Increased 5 percent from $55 million in 2019 (record high was $84 million in 2012)
 

Operations: $7.25 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $29 million)
  • About 320 individuals were employed (0 percent change)
 
California and Nevada Credit Union Leagues