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.

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

December 31, 2019

ASSETS
  Loans
$552,732,703
  Cash
$74,733,992
  Investments
$25,260,924
  Fixed Assets
$22,370,656
  Other Assets
$26,941,848
   

Total Assets

$ 702,040,124
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities $ 6,652,318
EQUITY
  Total Shares
614,440,254
  Total Equity
80,947,552
   

Total Liabilities and Equity

$ 702,040,124 

YEAR-TO-DATE INCOME STATEMENT

Interest Income
25,921,596 
Interest Expense
(1,682,382)
   
Net Interest Margin
24,239,214
Fee and Other Income
9,064,222
   
Income Before Operating Expenses
33,303,436
Operating Expenses
(22,258,247)
Provision for Loan & Share Losses
(2,531,647)
   
Net Operating Income
8,513,541
Non-Operating Expense
42,135
   
Net Income
8,555,676
 

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.