13 Locally Headquartered Credit Unions
Four counties include: Santa Barbara, San Luis Obispo, Monterey, and Santa Cruz
Members: 285,000 (2 percent increase)
- 5,800 new members
- Hit a record (prior historical peak was 231,000 in 2010)
Total Loans: $3.4 billion (11 percent increase)
- Hit a record (prior historical peak was $1.7 billion in 2008)
- 67 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: 9 percent increase
- Hit a record of $1.4 billion
- Category has always risen since 2007
- HELOCs/home equity loans (combined category): 23 percent increase
- Reached $167 million
- Record high was $342 million in 2008
- New auto loans: 11 percent increase
- Reached $374 million
- Record high was $405 million in 2019
- Used auto loans: 13 percent increase
- Hit a record of $884 million (prior historical peak was $364 million in 2008)
- Credit card lending: 16 percent increase
- Hit a record of $120 million (prior historical peak was $117 million in 2019)
- Business loans: 17 percent increase
- Reached $321 million (includes landlord real estate loans)
- Category has fluctuated greatly between 2007 – 2021 from $41 million – $321 million
Total Deposits: $5.1 billion (9 percent increase)
- Hit a record
- Category has always risen since 2007
- ($5.7 billion in assets)
- *Percentage increases and/or decreases represent dollar amount changes
- Checking accounts (share drafts): 11 percent increase
- Hit a record of $1.4 billion
- Category has always risen since 2007
- Savings accounts (regular shares): 10 percent increase
- Hit a record of $2.6 billion
- Category has always risen since 2007
- Money market accounts: 25 percent increase
- Hit a record of $429 million (prior historical peak was $268 million in 2013)
- Certificates of deposit: -4 percent decrease
- Declined to $535 million
- Record high was $720 million in 2008
- IRA/Keogh accounts: 1 percent increase
- Reached $179 million
- Record high was $199 million in 2012
Operations: $68 million spent
Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $272 million)
- About 920 individuals were employed (4 percent increase)
