About Us

San Diego Metropolitan Credit Union 
April 2016

The financials contained in this page are unaudited.

Income Statement

  YTD April
Loan Interest Income $3,535,656.92 $891,163.10
Investments Interest Income $172,495.33 $38,326.96
Total Interest Income $3,708,152.25 $929,490.06
Deposit Interest Expense ($127,794.41) ($32,267.50)
Borrowing Expense ($0.00) ($0.00) 
Total Interest Expense ($127,794.41) ($32,267.50)
Net Interest Margin $3,580,357.84 $897,222.56
Other Income $848,714.78 $246,151.05
Operating Expense ($3,594,383.99) ($878,131.33)
Provision For Loan Loss ($177,648.39) ($26,015.85)
Gross Income $4,556,867.03 $1,175,641.11
Gross Expense ($3,899,826.79) ($936,414.68)
Net Income $657,040.24 $239,226.43
 

Balance Sheet

Assets: April
Loans $203,911,992.27
Allowance for Loan Losses ($3,903,629.64)
Deferred Fees ($6,208,975.35)
Net Loans $193,799,387.28
Accounts Receivable $69,744.56
Cash & Equivalents $33,122,150.39
Investments $56,612,100.88
Fixed & Other Assets $10,258,509.99
Total Assets $260,669,998.15
Liabilities:  
Total Deposits $234,829,644.96
Accounts Payable & Other Liab $2,054,394.80
Total Liabilities $236,884,039.76
Equity:  
Retained Earnings $11,031,583.66
Regular Reserve $11,882,096.16
Current Earnings $657,040.24
Unrealized G/L $215,238.33
Total Equity $23,785,958.39
Total Liabilities & Equity $260,669,998.15