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 58 quarters as of June 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

September 30, 2018

ASSETS
  Loans
467,197,865
  Cash
78,356,921
  Investments
36,866,448
  Fixed Assets
22,943,597
  Other Assets
23,854,930
   

Total Assets

629,219,760
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
9,819,614
EQUITY
  Total Shares
548,778,244
  Total Equity
70,621,902
   

Total Liabilities and Equity

629,219,760

YEAR-TO-DATE INCOME STATEMENT

Interest Income
15,349,214
Interest Expense
(813,304)
   
Net Interest Margin
14,535,910
Fee and Other Income
5,806,139
   
Income Before Operating Expenses
20,342,049
Operating Expenses
(14,812,598)
Provision for Loan & Share Losses
(2,006,122)
   
Net Operating Income
3,523,330
Non-Operating Expense
362,796
   
Net Income
3,886,126
 

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.