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

June 30, 2018

ASSETS
  Loans
447,550,781
  Cash
84,033,919
  Investments
40,528,067
  Fixed Assets
22,930,518
  Other Assets
24,339,834
   

Total Assets

619,383,118
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities
8,538,346
EQUITY
  Total Shares
541,671,613
  Total Equity
69,173,159
   

Total Liabilities and Equity

619,383,118

YEAR-TO-DATE INCOME STATEMENT

Interest Income
9,885,852
Interest Expense
(532,594)
   
Net Interest Margin
9,353,259
Fee and Other Income
3,791,709
   
Income Before Operating Expenses
13,144,968
Operating Expenses
(9,557,714)
Provision for Loan & Share Losses
(1,482,862)
   
Net Operating Income
2,104,391
Non-Operating Expense
332,987
   
Net Income
2,437,378
 

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.