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 54 quarters as of June 2017. In addition, we are ranked A+ by DepositAccounts.com (as of Q2 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

January 31, 2018

ASSETS
  Loans
416,068,752
  Cash
79,182,401
  Investments
60,627,961
  Fixed Assets
22,620,540
  Other Assets
23,077,144
   

Total Assets

601,576,799
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
9,297,678
EQUITY
  Total Shares
525,220,234
  Total Equity
67,058,887
   

Total Liabilities and Equity

601,576,799

YEAR-TO-DATE INCOME STATEMENT

Interest Income
1,641,887
Interest Expense
(90,214)
   
Net Interest Margin
1,551,673
Fee and Other Income
576,123
   
Income Before Operating Expenses
2,127,796
Operating Expenses
(1,563,256)
Provision for Loan & Share Losses
(241,441)
   
Net Operating Income
323,099
Non-Operating Expense
0
   
Net Income
323,099
 

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.