Our Community - Financials

Financial Report

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 61 quarters as of March 2019. In addition, we are ranked in the 2019 Top 200 Healthiest Credit Unions in America by DepositAccounts.com and graded A+ as of Q4 2018. The high ranking is based on capitalization, deposit growth, and loan-to-reserve ratios, among other factors.

In 2018 DNCU was recognized by Forbes magazine as a Best-in-State Credit Union. 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

May 31, 2019

ASSETS
  Loans
528,184,200
  Cash
54,551,715
  Investments
30,467,375
  Fixed Assets
22,721,948
  Other Assets
25,600,652
   

Total Assets

661,525,890
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities 9,372,002
EQUITY
  Total Shares
576,741,874
  Total Equity
75,412,013
   

Total Liabilities and Equity

661,525,890

YEAR-TO-DATE INCOME STATEMENT

Interest Income
10,163,138
Interest Expense
(524,059)
   
Net Interest Margin
9,639,079
Fee and Other Income
3,360,571
   
Income Before Operating Expenses
12,999,650
Operating Expenses
(9,314,667)
Provision for Loan & Share Losses
(664,849)
   
Net Operating Income
3,020,134
Non-Operating Expense
-
   
Net Income
3,020,134
 

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.