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 61 quarters as of March 2019. In addition, we are ranked in the 2019 Top 200 Healthiest Credit Unions in America by DepositAccounts.com and graded A+ as of Q4 2018. The high ranking is based on capitalization, deposit growth, and loan-to-reserve ratios, among other factors.

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

July 31, 2019

ASSETS
  Loans
539,749,311 
  Cash
44,107,570
  Investments
28,582,142
  Fixed Assets
22,676,833
  Other Assets
43,587,370
   

Total Assets

678,703,225
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities 7,130,365 
EQUITY
  Total Shares
594,763,865
  Total Equity
76,808,995
   

Total Liabilities and Equity

678,703,225 

YEAR-TO-DATE INCOME STATEMENT

Interest Income
14,481,747 
Interest Expense
(805,107)
   
Net Interest Margin
13,676,640
Fee and Other Income
4,897,353
   
Income Before Operating Expenses
18,573,992
Operating Expenses
(13,019,770)
Provision for Loan & Share Losses
(1,184,223)
   
Net Operating Income
4,370,000
Non-Operating Expense
47,120
   
Net Income
4,417,120
 

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.