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 63 consecutive quarters as of December 31, 2019. In addition, we are ranked in the 2020 Top 200 Healthiest Credit Unions in America by DepositAccounts.com and graded A+ as of Q1 2020. The high ranking is based on capitalization, deposit growth, and loan-to-reserve ratios, among other factors.

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

As of April 30, 2020

ASSETS
  Loans
$548,783,975
  Cash
$138,008,610
  Investments
$22,110,843
  Fixed Assets
$23,298,418
  Other Assets
$41,840,862
   

Total Assets

$774,042,709
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities $7,470,783
EQUITY
  Total Shares
$683,174,072
  Total Equity
$83,397,854
   

Total Liabilities and Equity

$774,042,709 

YEAR-TO-DATE INCOME STATEMENT

Interest Income
9,078,346
Interest Expense
(714,183)
   
Net Interest Margin
$8,364,163
Fee and Other Income
$2,945,929
   
Income Before Operating Expenses
$11,310,091
Operating Expenses
(7,788,823)
Provision for Loan & Share Losses
(1,070,964)
   
Net Operating Income
$2,450,305
Non-Operating Expense
-
   
Net Income
$2,450,305
 

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.