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 57 quarters as of March 2018. In addition, we are ranked A+ by DepositAccounts.com (as of Q1 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

May 31, 2018

ASSETS
  Loans
444,354,635
  Cash
77,594,991
  Investments
42,457,378
  Fixed Assets
22,926,157
  Other Assets
35,841,341
   

Total Assets

623,174,502
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
8,797,509
EQUITY
  Total Shares
545,559,296
  Total Equity
68,817,697
   

Total Liabilities and Equity

623,174,502

YEAR-TO-DATE INCOME STATEMENT

Interest Income
8,169,998
Interest Expense
(443,740)
   
Net Interest Margin
7,726,257
Fee and Other Income
3,154,724
   
Income Before Operating Expenses
10,880,981
Operating Expenses
(7,902,301)
Provision for Loan & Share Losses
(1,229,753)
   
Net Operating Income
1,748,926
Non-Operating Expense
332,987
   
Net Income
2,081,913
 

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.