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

February 28, 2017

ASSETS
  Loans
368,761,510
  Cash
108,827,950
  Investments
53,190,748
  Fixed Assets
17,742,385
  Other Assets
18,270,948
   

Total Assets

566,793,540
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
7,861,584
EQUITY
  Total Shares
494,972,461
  Total Equity
63,959,496
   

Total Liabilities and Equity

566,793,540

YEAR-TO-DATE INCOME STATEMENT

Interest Income
2,757,645
Interest Expense
165,194
   
Net Interest Margin
2,592,451
Fee and Other Income
1,004,272
   
Income Before Operating Expenses
3,596,723
Operating Expenses
2,781,098
Provision for Loan & Share Losses
437,195
   
Net Operating Income
378,430
Non-Operating Expense
0
   
Net Income
378,430
 

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.