Our Community - Financials

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 54 quarters as of June 2017. In addition, we are ranked A+ by DepositAccounts.com (as of Q2 2017), 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

October 31, 2017

ASSETS
  Loans
401,198,458
  Cash
88,200,764
  Investments
61,612,457
  Fixed Assets
21,824,425
  Other Assets
17,805,009
   

Total Assets

590,641,113
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
8,420,127
EQUITY
  Total Shares
516,199,559
  Total Equity
66,021,427
   

Total Liabilities and Equity

590,641,113

YEAR-TO-DATE INCOME STATEMENT

Interest Income
14,700,995
Interest Expense
(872,731)
   
Net Interest Margin
13,828,264
Fee and Other Income
5,523,284
   
Income Before Operating Expenses
19,351,548
Operating Expenses
(14,763,174)
Provision for Loan & Share Losses
(2,205,941)
   
Net Operating Income
2,382,433
Non-Operating Expense
57,960
   
Net Income
2,440,393
 

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.