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. In addition, we are ranked A+ by DepositAccounts.com (as of Q3 2016), and received Top 200 Healthiest Credit Unions two years running (2014, 2015). 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

January 31, 2017

ASSETS
  Loans
364,736,208
  Cash
100,990,661
  Investments
53,935,744
  Fixed Assets
17,689,909
  Other Assets
17,576,725
   

Total Assets

554,929,247
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
7,579,603
EQUITY
  Total Shares
483,529,363
  Total Equity
63,820,281
   

Total Liabilities and Equity

554,929,247

YEAR-TO-DATE INCOME STATEMENT

Interest Income
1,424,222
Interest Expense
86,326
   
Net Interest Margin
1,337,896
Fee and Other Income
520,136
   
Income Before Operating Expenses
1,858,032
Operating Expenses
1,399,857
Provision for Loan & Share Losses
218,961
   
Net Operating Income
239,214
Non-Operating Expense
0
   
Net Income
239,214
 

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.