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Leagues Publish Localized Credit Union Trends in CA and NV

The spending and savings choices today’s credit union members are making provides a gauge into what’s happening across both states’ local economies according to regional trends recently published by the California and Nevada Credit Union Leagues.

Credit union members continue taking on first-mortgages to purchase or refinance homes, are turning home equity into cash for remodeling or other large purchases, and have slid into the driver’s seat of a newer car or truck thanks to an auto loan.

They are also remaining true to the habit of paying for life through credit cards, but are trying to save more money and increasingly using their credit union to transact for purchases and bill-pay.

More than 667,000 consumers over the past year chose to become members of a local credit union headquartered in California as of March 31, 2018 (first quarter)—as well as 13,000 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 11.7 million by first-quarter 2018.

In Nevada there are 16 locally-headquartered credit unions today compared to 23 in 2010, 29 in 2001, and 35 in 1991. Comparatively, this state’s 339,000-member movement in 2002 increased to 353,000 by first-quarter 2018.

Click each region in California to view localized year-over-year credit union trends (1Q 2018):
Bay Area
California (entire state)
Central Valley
Eastern Sierra Corridor
Inland Empire
Los Angeles County
North Central Coast
Northern California
Orange County
Sacramento County
San Diego County
Santa Cruz County
South Central Coast

Click each region in Nevada to view localized year-over-year credit union trends (1Q 2018):
Nevada (entire state)
Northern Nevada
Southern Nevada

For questions or suggestions regarding quarterly credit union trends, please email Matt Wrye.