Sacramento County: 2nd Quarter Credit Union Snapshot The economic impact of local Sacramento County credit unions

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1 $ 13 $ 16 $ 118 Local credit unions million billion billion million

2 LOCAL CREDIT UNIONS: 10 Headquartered in Sacramento County as of June 30, 2018 (second quarter). Sacramento County credit unions are not-for-profit financial institutions. Historically, they formed to provide trustworthy, reliable financial services and education to local communities, families, and workers.

3 MEMBERS: 1.4 million An 8 percent year-over-year (YOY) increase (or 105,000 new members), and a record high in membership. (Historically, current membership is up 51 percent from the most recent low in 2011 of 941,000. The last historical peak was 1.03 million in 2010) Sacramento County credit unions are owned by their members. Every member-owner cooperatively borrows and saves for the betterment of each other s financial livelihood. Since each member owns an individual stake in his or her credit union and has one vote annually, they can help choose who is elected on the board of directors. This democratically-elected board of directors works on behalf of all members to guide the credit union.

4 LOANS: $ 13 billion Dollars loaned-out within the local community a 9 percent year-over-year (YOY) increase. Historically, this $13 billion figure has more than doubled (rising 125 percent) from a postrecession low in 2013 of $5.7 billion and now represents a record outstanding dollar amount (first-mortgages, second-mortgages, HELOCs, business loans, new and used auto loans, credit cards, and sometimes other consumer loans). The last historical peak was $7.2 billion in help fuel Sacramento County consumers dreams of affording a car, home, education, vacation, paying for monthly expenses, or assisting with an unexpected cost or emergency. They also stimulate the local economy with new dollars for individuals to spend. Credit unions oftentimes have lower-rate loans than other lenders. Click below to dive deeper into these loan categories.

5 8 percent increase in first-mortgages (a variety of first-mortgages): Hit a record outstanding dollar amount of $4.2 billion and has risen 95 percent from the most recent low of $2.2 billion in (The last historical peak was $2.3 billion in 2008) 7 PERCENT YEAR-OVER-YEAR (YOY) INCREASE IN ORIGINATIONS (INCOMING PIPELINE) - HITTING $568 MILLION - COMPARED TO SAME QUARTER IN PRIOR YEAR (1Q, 2Q 18' COMPARED TO SAME IN 17') 13 percent increase in combined category of Home Equity Lines of Credit (HELOCs)/ home equity loans (second-mortgages): Hit an outstanding dollar amount not seen since 2014 ($610 million) and has jumped 13 percent from the most recent low in 2016 of $538 million. (The record high was $1.8 billion in 2008) 1 PERCENT YEAR-OVER-YEAR (YOY) INCREASE IN ORIGINATIONS (INCOMING PIPELINE) - HITTING $157 MILLION - COMPARED TO SAME QUARTER IN PRIOR YEAR (1Q, 2Q 18' COMPARED TO SAME IN 17') 10 percent increase in new auto loans: Hit a record outstanding dollar amount of $3.7 billion and has more than quintupled (rising 490 percent) from the most recent low in 2012 of $631 million. (The last historical peak was $1.6 billion in 2006) 13 percent increase in used auto loans: Hit a record outstanding dollar amount of $3.2 billion and has more than tripled (rising 208 percent) from the most recent low in 2008 of $1.04 billion. (The last historical peak was $1.25 billion in 2006) 3 percent increase in credit card lending: Hit a record outstanding dollar amount of $631 million and has risen 80 percent from the most recent low in 2011 of $350 million. (The last historical peak was $367 million in 2010) 29 percent decrease in business loans, falling to $324 million (includes landlord real estate loans): This category has fluctuated greatly between from $46 million $455 million.

6 DEPOSITS: $ 16 billion from local consumers a 6 percent year-over-year (YOY) increase (checking accounts, savings accounts, CDs, IRAs, Keogh retirement accounts, and local government checking/savings accounts when applicable). Hit a record outstanding dollar amount of $16 billion and has doubled (rising 100 percent) from $8 billion in 2005: Hit individual record outstanding dollar amounts in checking ($1.64 billion), savings ($6.5 billion), and money market ($5.1 billion) accounts (for other deposit accounts please inquire) Deposit products help Sacramento County consumers save money and transact for purchases and bill-pay purposes. Many credit unions pair together checking, savings, money market and other deposit accounts with valuable financial education and guidance to help them afford life. Credit unions oftentimes have higher-rate deposit accounts than other financial institutions.

7 OPERATIONS: $ 118 million Monies spent in the quarter on employees and operations: employee payroll, benefits, property, office equipment, occupancy, and vendor contracts (estimated annual figure is $474 million). About 2,871 individuals were employed, a 2 percent increase (YOY). Sacramento County members financial needs are put first since they are the owners of their locally-headquartered credit union. The credit union s annual earnings are reinvested back into the institution for the financial betterment of all member-owners.