A message from our CEO, Chuck Valenti:

Credit unions have been cited by the national media as "financial safe havens" and Del Norte Credit Union is no exception. Your deposits are safe and secure with us.

We have a solid balance sheet and an excellent capital position ,which has earned us the highest five-star rating from BauerFinancial Inc., the nation's most well-known independent rating service for banks and credit unions for 52 quarters as of December 2016. In addition, we are ranked A+ by DepositAccounts.com (as of Q4 2016), and continue to receive Top 200 Healthiest Credit Unions (most recently, 2017). Finally, we were also recognized by IDC Financial Publishing, the nation's leading analysts of all government-reporting financial institutions, with their highest rating of "superior." For further information refer to www.bauerfinancial.com, www.depositaccounts.com or www.idcfp.com.

DEL NORTE CREDIT UNION STATEMENT OF FINANCIAL CONDITION

June 30, 2017

ASSETS
  Loans
385,129,514
  Cash
97,587,674
  Investments
64,434,222
  Fixed Assets
19,821,061
  Other Assets
10,475,193
   

Total Assets

577,447,664
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
8,124,770
EQUITY
  Total Shares
504,482,130
  Total Equity
64,840,764
   

Total Liabilities and Equity

577,447,664

YEAR-TO-DATE INCOME STATEMENT

Interest Income
8,564,238
Interest Expense
(516,204)
   
Net Interest Margin
8,048,033
Fee and Other Income
3,237,236
   
Income Before Operating Expenses
11,285,269
Operating Expenses
(8,765,895)
Provision for Loan & Share Losses
(1,317,612)
   
Net Operating Income
1,201,762
Non-Operating Expense
57,960
   
Net Income
1,259,722
 

For further information refer to the NCUA Web site http://www.ncua.gov and use charter #64759 to pull additional financial reports for Del Norte Credit Union.