NORTHERN CALIFORNIA
2Q 2022 Credit Union Snapshot

8 Locally Headquartered Credit Unions

Five counties include: Humboldt, Del Norte, Lassen, Shasta, and Siskiyou
 

Members: 132,100 (2 percent increase)

• 2,800 new members
• Hit a record (prior historical peak was 101,000 in 2013)
  
  

Total Loans: $1.5 billion (10 percent increase)

• Hit a record (prior historical peak was $628 million in 2009)
• 56 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: 6 percent increase
• Hit a record of $584 million
• Category has always risen since 2007
   
• HELOCs/home equity loans (combined category): 15 percent increase
• Reached $48 million
• Record high was $93 million in 2008
   
• New auto loans: -1 percent decrease
• Declined to $202 million
• Record high was $219 million in 2019
   
• Used auto loans: 12 percent increase
• Hit a record of $323 million (prior historical peak was $174 million in 2008)
   
• Credit card lending: 10 percent increase
• Reached $22 million
• Record high was $25 million in 2019
   
• Business loans: 57 percent increase
• Reached $165 million (includes landlord real estate loans)
• Category has fluctuated greatly between 2007 – 2022 from $63 million – $165 million

Total Deposits: $2.7 billion (6 percent increase)

• Hit a record
• Category has always risen since 2007
• ($3 billion in assets)
• *Percentage increases and/or decreases represent dollar amount changes
  
  
   

• Checking accounts (share drafts): 3 percent increase
• Hit a record of $641 million (prior historical peak was $115 million in 2008)
   
• Savings accounts (regular shares): 7 percent increase
• Hit a record of $660 million
• Category has always risen since 2007
   
• Money market accounts: 10 percent increase
• Hit a record of $869 million
• Category has always risen since 2007
   
• Certificates of deposit: -3 percent decrease
• Declined to $333 million
• Record high was $446 million in 2020
   
• IRA/Keogh accounts: 1 percent increase
• Hit a record of $110 million (prior historical peak was $97 million in 2012)

 

Operations: $27.5 million spent

Quarterly monies spent on employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $110 million)

• About 430 individuals were employed (6 percent increase)