About Us

San Diego Metropolitan Credit Union 
September 2016

The financials contained in this page are unaudited.

Income Statement

  YTD September
Loan Interest Income $8,085,232.80 $912,627.54
Investments Interest Income $395,684.49 $33,236.91
Total Interest Income $8,480,917.29 $945,864.45
Deposit Interest Expense ($293,480.85) ($32,746.37)
Borrowing Expense ($0.00) ($0.00) 
Total Interest Expense ($293,480.85) ($32,746.37)
Net Interest Margin $8,187,436.44 $913,118.08
Other Income $2,000,000.81 $202,432.50
Operating Expense ($8,169,978.84) ($891,456.32)
Provision For Loan Loss ($896,294.16) ($56,381.73)
Gross Income $10,480,918.10 $1,1148,296.95
Gross Expense ($9,359,753.85) ($980,584.42)
Net Income $1,121,164.25 $167,712.53
 

Balance Sheet

Assets: September
Loans $205,063,860.21
Allowance for Loan Losses ($4,231,149.85)
Deferred Fees ($6,304,177.05)
Net Loans $194,528,533.31
Accounts Receivable $65,760.47
Cash & Equivalents $34,931,925.33
Investments $57,016,283.37
Fixed & Other Assets $10,375,754.00
Total Assets $261,920,570.68
Liabilities:  
Total Deposits $235,637,509.25
Accounts Payable & Other Liab $1,985,621.99
Total Liabilities $237,623,131.34
Equity:  
Retained Earnings $11,031,583.66
Regular Reserve $11,882,096.16
Current Earnings $1,121,164.25
Unrealized G/L $262,595.37
Total Equity $24,297,439.44
Total Liabilities & Equity $261,920,570.68