About Us

San Diego Metropolitan Credit Union 
December 2016

The financials contained in this page are unaudited.

Income Statement

  YTD December
Loan Interest Income $11,088,170.97 $1,007,033.15
Investments Interest Income $555,318.12 $38,505.51
Total Interest Income $11,643,489.09 $1,045,538.66
Deposit Interest Expense ($392,807.89) ($33,403.36)
Borrowing Expense ($0.00) ($0.00) 
Total Interest Expense ($392,807.89) ($32,493.16)
Net Interest Margin $11,250,681.20 $1,012,135.30
Other Income $2,972,377.46 $575,349.00
Operating Expense ($11,051,249.11) ($1,040,932.92)
Provision For Loan Loss ($697,594.82) $108,509.94
Gross Income $14,615,866.55 $1,620,887.66
Gross Expense ($12,141,651.82) ($965,826.34)
Net Income $2,474,214.73 $655,061.32
 

Balance Sheet

Assets: December
Loans $203,117,684.80
Allowance for Loan Losses ($3,993,745.86)
Deferred Fees ($6,023,339.62)
Net Loans $193,100,599.32
Accounts Receivable $149,052.42
Cash & Equivalents $43,480,021.25
Investments $65,067,116.90
Fixed & Other Assets $10,295,487.40
Total Assets $268,463,203.62
Liabilities:  
Total Deposits $240,426,136.37
Accounts Payable & Other Liab $2,601,056.67
Total Liabilities $243,027,193.04
Equity:  
Retained Earnings $11,031,583.66
Regular Reserve $11,882,096.16
Current Earnings $2,474,214.73
Unrealized G/L $48,116.03
Total Equity $25,436,010.58
Total Liabilities & Equity $268,463,203.62