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

October 31, 2019

ASSETS
  Loans
553,724,167 
  Cash
58,591,954
  Investments
26,468,553
  Fixed Assets
22,476,639
  Other Assets
40,005,149
   

Total Assets

701,266,462
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities 7,309,064
EQUITY
  Total Shares
614,805,867
  Total Equity
79,151,531
   

Total Liabilities and Equity

701,266,462 

YEAR-TO-DATE INCOME STATEMENT

Interest Income
21,325,236 
Interest Expense
(1,314,941)
   
Net Interest Margin
20,010,295
Fee and Other Income
7,212,261
   
Income Before Operating Expenses
27,222,555
Operating Expenses
(18,513,038)
Provision for Loan & Share Losses
(1,996,981)
   
Net Operating Income
6,712,537
Non-Operating Expense
47,120
   
Net Income
6,759,656
 

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.