About Us

San Diego Metropolitan Credit Union 
February 2016

The financials contained in this page are unaudited.

Income Statement

  YTD February
Loan Interest Income $1,743,320.43 $859,718.60
Investments Interest Income $74,745.58 $36,921.66
Total Interest Income $1,818,066.01 $896,640.26
Deposit Interest Expense ($62,671.24) ($30,527.76)
Borrowing Expense ($0.00) ($0.00) 
Total Interest Expense ($62,671.24) ($30,527.76)
Net Interest Margin $1,755,394.77 $866,112.50
Other Income $398,032.02 $198,745.13
Operating Expense ($1,788,481.56) ($892,080.70)
Provision For Loan Loss $132,174.57 ($220,544.24)
Gross Income $2,216,098.03 $1,095,385.39
Gross Expense ($1,718,978.23) ($1,143,152.70)
Net Income $497,119.80 ($47,767.31)
 

Balance Sheet

Assets: February
Loans $200,061,833.52
Allowance for Loan Losses ($3,701,530.12)
Deferred Fees ($5,924,980.07)
Net Loans $190,435,323.33
Accounts Receivable $106,192.18
Cash & Equivalents $35,926,049.95
Investments $59,702,250.36
Fixed & Other Assets $10,001,942.25
Total Assets $260,139,515.94
Liabilities:  
Total Deposits $234,267,686.96
Accounts Payable & Other Liab $2,268,143.16
Total Liabilities $236,535,830.12
Equity:  
Retained Earnings $11,031,583.66
Regular Reserve $11,882,096.16
Current Earnings $497,119.80
Unrealized G/L $192,886.20
Total Equity $23,603,685.82
Total Liabilities & Equity $260,139,515.94