ONTARIO, Calif.–In the 12 months ended June 30, the 375 CUs in California and Nevada, combined, experienced an aggregate 4%increase in membership, or about 413,000 new people.
The figures were released by the California and Nevada leagues using NCUA data.
Other figures released by the leagues as of June 30 showed that CUs in California:
- Had approximately $85.8 billion loaned-out within the local community—a 14.2% year-over-year increase (first mortgages, HELOCs, business loans, auto loans, and credit cards).
- Experienced an 11.8% increase in first mortgages/HELOCs; 6.8% increase in business loans; 36.3% increase in new auto loans; 16.9% increase in used auto loans; and a 6.4% increase in credit card lending during the past year.
- Held $132 billion in deposits for local consumers (checking accounts, savings accounts, CDs, IRAs, Keogh retirement accounts, and local government checking/savings accounts when applicable). This is a 6.7% year-over- year increase.
- Spent $12.96 billion on employees and operations (employee payroll, benefits, property, office equipment, occupancy, and vendor contracts).
- Increased their employed workforce by 4% (to 26,856 individuals).
Meanwhile, over the same period, CUs in Nevada:
- Had approximately $2.07 billion loaned-out within the local community—a 10.7% year-over-year increase (first mortgages, HELOCs, business loans, auto loans, and credit cards).
- Those in Southern Nevada experienced a 1.9% increase in first mortgages/HELOCs; 21.1% increase in new auto loans; 27.5% increase in used auto loans; and a 14.6% increase in credit card lending during the past year.
- Those in Northern Nevada experienced a 19.1% increase in first mortgages/HELOCs; 63.2% increase in business loans; 12% increase in new auto loans; 10.8% increase in used auto loans; and a 9.2% increase in credit card lending during the past year.
- Held $3.57 billion in deposits for local consumers (checking accounts, savings accounts, CDs, IRAs, Keogh retirement accounts, and local government checking/savings accounts when applicable). This is a 5% year-over- year increase.
- Spent $474 million on employees and operations (employee payroll, benefits, property, office equipment, occupancy, and vendor contracts).
- Increased their employed workforce by 3.4% (to 1,061 individuals).