About Us

San Diego Metropolitan Credit Union 
July 2016

The financials contained in this page are unaudited.

Income Statement

  YTD July
Loan Interest Income $6,245,415.68 $885,337.96
Investments Interest Income $304,376.78 $36,895.83
Total Interest Income $6,549,792.46 $922,233.79
Deposit Interest Expense ($337,424.67) ($33,946.87)
Borrowing Expense ($0.00) ($0.00) 
Total Interest Expense ($227,424.67) ($33,946.87)
Net Interest Margin $6,322,367.79 $888,286.92
Other Income $1,597,157.75 $372,032.62
Operating Expense ($6,320,859.23) ($840,300.28)
Provision For Loan Loss ($681,230.09) ($158,334.53)
Gross Income $8,146,950.21 $1,294,266.41
Gross Expense ($7,229,513.99) ($1,032,581.68)
Net Income $917,436.22 $261,684.73
 

Balance Sheet

Assets: July
Loans $203,085,665.10
Allowance for Loan Losses ($4,158,782.23)
Deferred Fees ($6,209,515.57)
Net Loans $192,717,367.30
Accounts Receivable $54,746.72
Cash & Equivalents $39,071,689.28
Investments $61,700,453.18
Fixed & Other Assets $10,250,643.37
Total Assets $264,668,463.85
Liabilities:  
Total Deposits $238,211,749.25
Accounts Payable & Other Liab $2,855,846.10
Total Liabilities $241,067,595.35
Equity:  
Retained Earnings $11,031,583.66
Regular Reserve $11,882,096.16
Current Earnings $917,436.22
Unrealized G/L $281,884.86
Total Equity $24,113,000.90
Total Liabilities & Equity $265,180,596.25