About Us

San Diego Metropolitan Credit Union 
September 2014

The financials contained in this page are unaudited.

Income Statement

  YTD September
Loan Interest Income $6,801,044.92 $754,831.08
Investments Interest Income $783,634.94 $70,357.83
Total Interest Income $7,584,679.90 $825,188.91
Deposit Interest Expense ($362,694.60) ($38,211.84)
Borrowing Expense ($9.28)  
Total Interest Expense ($362,703.88) ($38,211.84)
Net Interest Margin $7,221,976.02 $786,977.07
Other Income $2,108,964.53 $213,240.11
Operating Expense ($7,415,013.19) ($869,877.28)
Provision For Loan Loss $970,395.08 ($12,509.80)
Gross Income $9,693,644.43 $1,038,429.02
Gross Expense ($6,807,321.99) ($920,598.92)
Net Income $2,886,322.44 $117,830.10


Balance Sheet

Assets: September
Loans $174,712,305.01
Allowance for Loan Losses ($5,533,407.95)
Deferred Fees ($1,341,429.52)
Net Loans $167,837,467.54
Accounts Receivable $138,753.64
Cash & Equivalents $36,452,488.20
Investments $66,609,565.81
Fixed & Other Assets $16,156,393.80
Total Assets $250,603,427.15
Liabilities:  
Total Deposits $226,770,256.47
Accounts Payable & Other Liab $1,816,641,.93
Total Liabilities $228,586,898.40
Equity:  
Retained Earnings $6,869,586.84
Regular Reserve $11,882,096.16
Current Earnings $2,886,322.44
Unrealized G/L $378,523.31
Total Equity $22,016,528.75
Total Liabilities & Equity $250,603,427.15