18 Locally Headquartered Credit Unions

Two counties include: San Diego and Imperial
 

Members: 1.25 million (2 percent increase)

  • 25,000 new members
  • Hit a record (prior historical peak was 819,000 in 2011)


Total Loans: $15.4 billion (26 percent increase)

  • Hit a record (prior historical peak was $14.3 billion in 2020)
  • 69 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: 38 percent increase
  • Hit a record of $7.5 billion (prior historical peak was $4.5 billion in 2008)
     
  • HELOCs/home equity loans (combined category): 16 percent increase
  • Reached $716 million
  • Record high was $1.1 billion in 2008
     
  • New auto loans: 15 percent increase
  • Reached $1.6 billion
  • Record high was $2.3 billion in 2018
     
  • Used auto loans: 6 percent increase
  • Reached $2.3 billion
  • Record high was $2.8 billion in 2018
     
  • Credit card lending: 8 percent increase
  • Reached $530 million
  • Record high was $595 million in 2019
     
  • Business loans: 20 percent increase
  • Reached $1.9 billion (includes landlord real estate loans)
  • Category has fluctuated greatly between 2007 – 2021 from $443 million – $1.9 billion


Total Deposits: $22.3 billion (8 percent increase)

  • Hit a record
  • Category has always risen since 2007
  • ($26 billion in assets)
  • *Percentage increases and/or decreases represent dollar amount changes


     
  • Checking accounts (share drafts): 9 percent increase
  • Hit a record of $5.2 billion (prior historical peak was $1.1 billion in 2007)
     
  • Savings accounts (regular shares): 15 percent increase
  • Hit a record of $5.5 billion (prior historical peak was $3.9 billion in 2019)
     
  • Money market accounts: 8 percent increase
  • Hit a record of $7.5 billion (prior historical peak was $5.6 billion in 2018)
     
  • Certificates of deposit: -5 percent decrease
  • Declined to $3.2 billion
  • Record high was $3.7 billion in 2008
     
  • IRA/Keogh accounts: -3 percent decrease
  • Declined to $819 million
  • Record high was $870 million in 2013
 

Operations: $203 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $812 million)
  • About 2,990 individuals were employed (4 percent increase)
California and Nevada Credit Union Leagues