About Us

San Diego Metropolitan Credit Union 
January 2015

The financials contained in this page are unaudited.

Income Statement

  YTD January
Loan Interest Income $763,783.27 $763,783.27
Investments Interest Income $68,345.37 $68,345.37
Total Interest Income $832,128.64 $832,128.64
Deposit Interest Expense ($37,395.87) ($37,395.87)
Borrowing Expense --  -- 
Total Interest Expense ($37,395.87) ($37,395.87)
Net Interest Margin $794,732.77 $794,732.77
Other Income $213,262.30 $213,262.30
Operating Expense ($898,349.97) ($898,349.97)
Provision For Loan Loss ($3,999.54) ($3,999.54)
Gross Income $1,045,390.94 $1,045,390.94
Gross Expense ($939,745.38) ($939,745.38)
Net Income $105,645.56 $105,645.56


Balance Sheet

Assets: January
Loans $170,133,951.83
Allowance for Loan Losses ($3,933,729.30)
Deferred Fees ($2,161,223.04)
Net Loans $164,038,999.49
Accounts Receivable $77,841.04
Cash & Equivalents $44,073,272.40
Investments $74,871,736.50
Fixed & Other Assets $16,721,364.05
Total Assets $255,632,100.04
Liabilities:  
Total Deposits $231,298,573.96
Accounts Payable & Other Liab $1,966,464.17
Total Liabilities $233,265,038.13
Equity:  
Retained Earnings $9,739,753.85
Regular Reserve $11,882,096.16
Current Earnings $105,645.56
Unrealized G/L $639,566.34
Total Equity $22,367,061.91
Total Liabilities & Equity $255,632,100.04