CA and NV CU spending and savings trends

Economists available for interview

ONTARIO, CA (January 28, 2019) — Third-quarter credit union “snapshot” reports for California and Nevada have been released and reveal large-scale spending and savings choices that today’s combined 12.3 million credit union members across both states are making as the economy enters what many experts say is the “later stage” of its growth cycle.

These newly enhanced seven-page reports show how local California and Nevada credit union members continue taking on various types of first-mortgages, home equity loans, new and used auto loans, credit cards and personal loans (pages 4 – 5). However, members are also trying to save money and increasingly using their credit union to transact for purchases and bill-pay (page 6).

Overall, year-over-year growth is continuing, although it is very recently starting to slow down in certain lending categories compared to the past couple of years.

More than 616,000 consumers over the past year chose to become members of a credit union headquartered in California, and 500 in Nevada, as of Sept. 30, 2018 (third quarter) — the latest available data. Total membership is now nearly 12 million in California (at 310 credit unions) and 353,000 in Nevada (15 credit unions).

For a cross-comparison, the Leagues have released all trends for 13 regions of California: 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, and South Central Coast.

Additionally, the Leagues have released all trends for 3 regions of Nevada: Nevada (entire state), Northern Nevada, and Southern Nevada.

The following economists are available for interview:

Dwight Johnston, Chief Economist for the California and Nevada Credit Union Leagues

  • Expertise: the “big picture” daily economic and political picture, consumer interest rates, the bond market, U.S. Treasuries, financial market reactions and scenarios, the Federal Reserve, and monetary policy.
  • Phone: 1-909-215-3657
  • Email:

Robert Eyler, Board Member of Redwood Credit Union and Economist at Sonoma State University

  • Expertise: labor force churn, job market dynamics, worker wages, business and industry demographics, economic and workforce mobility, monetary policy, the Federal Reserve, banking environment, and the California-to-Nevada migration trend.
  • Phone: 1-707-318-0348
  • Email:

About California and Nevada Credit Union Leagues

Headquartered in Ontario, California, the Leagues exist to help credit unions change people’s lives by supporting their operations, guidance, strategy and philosophy. Our trade association helps local credit unions in California serve more than 13.5 million members and those in Nevada serve nearly 400,000 members. Credit unions are for people, not profit!


Karla Davis
Vice President of Communications and Marketing
California and Nevada Credit Union Leagues

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