About Us

San Diego Metropolitan Credit Union 
February 2017

The financials contained in this page are unaudited.

Income Statement

  YTD February
Loan Interest Income $1,747,682.80 $845,657.86
Investments Interest Income $82,933.93 $41,176.39
Total Interest Income $1,830,616.73 $886,834.25
Deposit Interest Expense ($63,452.94) ($30,366.17)
Borrowing Expense ($0.00) ($0.00) 
Total Interest Expense ($63,452.94) ($30,366.17)
Net Interest Margin $1,767,163.79 $856,468.08
Other Income $372,446.77 $172,427.38
Operating Expense ($2,020,099.26) ($976,160.70)
Provision For Loan Loss ($180,728.56) ($185,568.66)
Gross Income $2,203,063.50 $1,059,261.63
Gross Expense ($1,902,823.64) ($820,958.21)
Net Income $300,239.86 $238,303.42
 

Balance Sheet

Assets: February
Loans $202,270,484.94
Allowance for Loan Losses ($3,784,761.04)
Deferred Fees ($5,811,331.14)
Net Loans $192,674,392.76
Accounts Receivable $347,709.82
Cash & Equivalents $40,617,346.35
Investments $62,180,707.48
Fixed & Other Assets $10,221,273.43
Total Assets $265,076,373.67
Liabilities:  
Total Deposits $237,239,235.62
Accounts Payable & Other Liab $2,077,183.65
Total Liabilities $239,316,419.27
Equity:  
Retained Earnings $13,505,798.39
Regular Reserve $11,882,096.16
Current Earnings $300,239.86
Unrealized G/L $71,819.99
Total Equity $25,759,954.40
Total Liabilities & Equity $265,076,373.67