About Us

San Diego Metropolitan Credit Union 
November 2016

The financials contained in this page are unaudited.

Income Statement

  YTD November
Loan Interest Income $10,514,535.49 $952,386.55
Investments Interest Income $516,812.61 $89,299.96
Total Interest Income $11,031,348.10 $1,041,686.51
Deposit Interest Expense ($359,404.53) ($32,493.16)
Borrowing Expense ($0.00) ($0.00) 
Total Interest Expense ($359,404.53) ($32,493.16)
Net Interest Margin $10,671,943.57 $1,009,193.35
Other Income $2,397,028.46 $185,484.97
Operating Expense ($10,010,316.19) ($924,843.33)
Provision For Loan Loss ($806,104.76) $4,429.31
Gross Income $13,428,376.56 $1,227,171.48
Gross Expense ($11,175,825.48) ($952,907.18)
Net Income $2,252,551.08 $274,264.30
 

Balance Sheet

Assets: November
Loans $208,655,347.77
Allowance for Loan Losses ($4,062,117.94)
Deferred Fees ($6,355,416.76)
Net Loans $198,237,813.07
Accounts Receivable $193,207.49
Cash & Equivalents $32,515,260.19
Investments $54,299,762.88
Fixed & Other Assets $10,695,405.37
Total Assets $263,232,981.32
Liabilities:  
Total Deposits $236,278,403.76
Accounts Payable & Other Liab $2,138,837.57
Total Liabilities $238,417,241.33
Equity:  
Retained Earnings $11,031,583.66
Regular Reserve $11,882,096.16
Current Earnings $1,819,153.41
Unrealized G/L $82,906.76
Total Equity $24,815,739.99
Total Liabilities & Equity $263,232,981.32