About Us

San Diego Metropolitan Credit Union 
July 2015

The financials contained in this page are unaudited.

Income Statement

  YTD July
Loan Interest Income $5,340,487.58 $784,793.90
Investments Interest Income $505,565.81 $38,639.71
Total Interest Income $5,846,053.39 $823,433.61
Deposit Interest Expense ($238,723.41) ($33,585.17)
Borrowing Expense ($26.36) (13.18) 
Total Interest Expense ($238,749.77) ($33,598.35)
Net Interest Margin $5,607,303.62 $789,835.26
Other Income $1,849,248.19 $213,629.73
Operating Expense ($6,048,154.35) ($887,463.61)
Provision For Loan Loss ($61,063.05) ($29,856.18)
Gross Income $7,695,301.58 $1,037,063.34
Gross Expense ($6,347,967.17) ($950,918.14)
Net Income $1,347,334.41 $86,145.20


Balance Sheet

Assets: July
Loans $179,549,307.41
Allowance for Loan Losses ($4,392,200.12)
Deferred Fees ($3,737,336.88)
Net Loans $171,419,770.41
Accounts Receivable $101,352.07
Cash & Equivalents $45,198,797.92
Investments $70,215,558.36
Fixed & Other Assets $16,551,763.23
Total Assets $258,187,092.00
Liabilities:  
Total Deposits $233,712,190.09
Accounts Payable & Other Liab $2,047,342.89
Total Liabilities $235,759,532.98
Equity:  
Retained Earnings $9,137,979.56
Regular Reserve $11,882,096.16
Current Earnings $1,347,334.41
Unrealized G/L $60,148.89
Total Equity $22,427,559.02
Total Liabilities & Equity $258,187,092.00