Our Community - Financials

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 56 quarters as of December 2017. In addition, we are ranked A+ by DepositAccounts.com (as of Q4 2017), and continue to receive 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

March 31, 2018

ASSETS
  Loans
427,336,712
  Cash
98,611,990
  Investments
44,291,738
  Fixed Assets
22,867,039
  Other Assets
23,789,525
   

Total Assets

616,897,004
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
9,510,795
EQUITY
  Total Shares
539,469,971
  Total Equity
67,916,238
   

Total Liabilities and Equity

616,897,004

YEAR-TO-DATE INCOME STATEMENT

Interest Income
4,772,577
Interest Expense
(263,252)
   
Net Interest Margin
4,509,325
Fee and Other Income
1,813,746
   
Income Before Operating Expenses
6,323,071
Operating Expenses
(4,745,550)
Provision for Loan & Share Losses
(730,056)
   
Net Operating Income
847,465
Non-Operating Expense
332,987
   
Net Income
1,180,452
 

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.