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 A+ by DepositAccounts.com (as of Q4 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

March 31, 2019

ASSETS
  Loans
509,735,757
  Cash
64,681,604
  Investments
31,963,865
  Fixed Assets
22,866,418
  Other Assets
25,080,505
   

Total Assets

654,328,974
 
LIABILITIES & EQUITY
LIABILITIES
  Total Liabilities 10,343,585
EQUITY
  Total Shares
569,655,590
  Total Equity
74,328,974
   

Total Liabilities and Equity

654,328,149

YEAR-TO-DATE INCOME STATEMENT

Interest Income
5,952,998
Interest Expense
(291,165)
   
Net Interest Margin
5,661,833
Fee and Other Income
1,945,729
   
Income Before Operating Expenses
7,607,562
Operating Expenses
(5,517,773)
Provision for Loan & Share Losses
(152,694)
   
Net Operating Income
1,937,094
Non-Operating Expense
-
   
Net Income
1,937,094
 

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.