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

August 31, 2017

ASSETS
  Loans
394,006,545
  Cash
89,083,325
  Investments
62,473,737
  Fixed Assets
21,820,138
  Other Assets
22,655,802
   

Total Assets

590,039,548
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
8,449,733
EQUITY
  Total Shares
516,177,029
  Total Equity
65,412,786
   

Total Liabilities and Equity

590,039,548

YEAR-TO-DATE INCOME STATEMENT

Interest Income
11,606,787
Interest Expense
(695,492)
   
Net Interest Margin
10,911,295
Fee and Other Income
4,405,767
   
Income Before Operating Expenses
15,317,061
Operating Expenses
(11,781,540)
Provision for Loan & Share Losses
(1,761,732)
   
Net Operating Income
1,773,790
Non-Operating Expense
57,960
   
Net Income
1,831,749
 

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.