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 58 quarters as of June 2018. In addition, we are ranked A+ by DepositAccounts.com (as of Q2 2018), and have received 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

October 31, 2018

ASSETS
  Loans
477,748,447
  Cash
66,918,009
  Investments
36,088,615
  Fixed Assets
23,194,488
  Other Assets
24,296,339
   

Total Assets

628,245,899
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
1,630,867
EQUITY
  Total Shares
555,303,552
  Total Equity
71,311,480
   

Total Liabilities and Equity

628,245,899

YEAR-TO-DATE INCOME STATEMENT

Interest Income
17,285,062
Interest Expense
(912,436)
   
Net Interest Margin
16,372,626
Fee and Other Income
6,498,084
   
Income Before Operating Expenses
22,870,710
Operating Expenses
(16,640,964)
Provision for Loan & Share Losses
(2,016,838)
   
Net Operating Income
4,212,908
Non-Operating Expense
362,796
   
Net Income
4,575,704
 

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.