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 60 quarters as of December 2018. In addition, we are ranked A+ by DepositAccounts.com (as of Q3 2018). In 2018 DNCU was recognized by Forbes magazine as a Best-in-State Credit Union. 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, 2019

ASSETS
  Loans
499,621,110
  Cash
52,537,338
  Investments
33,721,515
  Fixed Assets
23,002,910
  Other Assets
39,338,840
   

Total Assets

648,221,712
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
8,751,284
EQUITY
  Total Shares
566,593,703
  Total Equity
72,876,725
   

Total Liabilities and Equity

648,221,712

YEAR-TO-DATE INCOME STATEMENT

Interest Income
2,017,810
Interest Expense
(99,369)
   
Net Interest Margin
1,918,442
Fee and Other Income
645,821
   
Income Before Operating Expenses
2,564,263
Operating Expenses
(1,830,095)
Provision for Loan & Share Losses
(249,336)
   
Net Operating Income
484,832
Non-Operating Expense
-
   
Net Income
484,832
 

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.