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

April 30, 2017

ASSETS
  Loans
377,554,262
  Cash
105,134,190
  Investments
60,260,947
  Fixed Assets
18,784,305
  Other Assets
10,331,977
   

Total Assets

572,065,681
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
8,197,188
EQUITY
  Total Shares
499,458,764
  Total Equity
64,409,729
   

Total Liabilities and Equity

572,065,681

YEAR-TO-DATE INCOME STATEMENT

Interest Income
5,630,784
Interest Expense
339,797
   
Net Interest Margin
5,290,987
Fee and Other Income
2,065,010
   
Income Before Operating Expenses
7,355,996
Operating Expenses
5,709,672
Provision for Loan & Share Losses
875,602
   
Net Operating Income
770,723
Non-Operating Expense
(57,960)
   
Net Income
828,682
 

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.