About Us

San Diego Metropolitan Credit Union 
December 2013

The financials contained in this page are unaudited.

Income Statement

  YTD December
Loan Interest Income $8,770,872.68 $739,546.81
Investments Interest Income $1,139,035.11 $93,360.90
Total Interest Income $9,909,907.79 $832,907.71
Deposit Interest Expense ($806,197.24) ($50,508.36)
Total Interest Expense ($806,203.92) ($50,508.36)
Net Interest Margin $9,103,703.87 $782,399.35
Other Income $2,993,543.46 $291,074.73
Operating Expense ($9,573,366.03) ($852,202.63)
Provision For Loan Loss ($111,162.30) ($238,105.61)
Gross Income $12,903,451.25 $1,123,982.44
Gross Expense ($10,490,732.25) ($664,605.38)
Net Income $2,412,719.00 $459,377.06


Balance Sheet

Assets: December
Loans $175,598,790.01
Allowance for Loan Losses ($6,716,794.94)
Deferred Fees ($832,230.44)
Net Loans $168,049,764.63
Accounts Receivable $124,957.93
Cash & Equivalents $20,188,605.13
Investments $61,442,215.34
Fixed & Other Assets $15,729,384.75
Total Assets $245,221,364.72
Liabilities:  
Total Deposits $224,485,544.83
Accounts Payable & Other Liab $1,894,860.26
Total Liabilities $226,380,405.09
Equity:  
Retained Earnings $4,456,867.84
Regular Reserve $11,882,096.16
Current Earnings $2,412,719.00
Unrealized G/L ($89,276.63)
Total Equity $18,840,959.63
Total Liabilities & Equity $245,221,364.72