Credit Unions' Local Impact Revealed in New Trend Reports

Image of the new Quarterly Trends Report

Newly-enhanced quarterly trend reports (see below) for 16 local regions across California and Nevada are now available, revealing the spending and savings choices today’s credit union members are making as the economy enters what many experts say is the “later stage” of its growth cycle.

The most recent trends from second-quarter 2018—compiled and published by the California and Nevada Credit Union Leagues—provide a gauge into what’s happening at credit unions grouped into specific communities compared to other regions across each state.

Each geographic area reveals different loan-deposit-membership characteristics and mostly shows continued year-over-year growth, although select categories have been slowing down lately.

These seven-page reports can be used as an awareness tool of the local credit union marketplace for management meetings, board discussions, strategic planning, and outreach to members or the local news media:

Click each region in California to view localized year-over-year credit union trends (2Q 2018):

Click each region in Nevada to view localized year-over-year credit union trends (2Q 2018):

More than 638,000 consumers over the past year chose to become members of a local credit union headquartered in California as of June 30, 2018 (second quarter)—as well as 11,700 in Nevada.

There are now 311 locally-headquartered credit unions in California compared to 440 in 2010, 626 in 2001, and 877 in 1991. Meanwhile, the state’s 7.6 million-member movement in 2002 rose to 11.8 million by second-quarter 2018.

In Nevada there are 15 locally-headquartered credit unions operating compared to 23 in 2010, 29 in 2001, and 35 in 1991. Comparatively, the state’s 339,000-member movement in 2002 increased to 356,000 by second-quarter 2018.

For questions or comments, email Matt Wrye.

Pin It