About Us

San Diego Metropolitan Credit Union 
May 2014

The financials contained in this page are unaudited.

Income Statement

  YTD May
Loan Interest Income $3,792,516.97 $754,313.19
Investments Interest Income $465,586.64 $98,791.53
Total Interest Income $4,258,103.61 $853,104.72
Deposit Interest Expense ($204,990.54) ($40,364.11)
Borrowing Expense ($9.28) ($0.30)
Total Interest Expense ($204,999.82) ($40,364.41)
Net Interest Margin $4,053,103.79 $812,740.31
Other Income $1,200,364.25 $223,515.48
Operating Expense ($4,044,055.49) ($785,110.50)
Provision For Loan Loss $745.176.83 $178,792.02
Gross Income $5,458,467.86 $1,076,620.20
Gross Expense ($3,503,878.48) ($646,682.89)
Net Income $1,954,589.38 $429,937.31


Balance Sheet

Assets: May
Loans $173,246,078.36
Allowance for Loan Losses ($5,870,720.51)
Deferred Fees ($966,851.81)
Net Loans $166,408,506.04
Accounts Receivable $96,827.80
Cash & Equivalents $42,612,801.34
Investments $74,916,749.64
Fixed & Other Assets $15,971,400.61
Total Assets $257,296,656.29
Liabilities:  
Total Deposits $234,353,317.66
Accounts Payable & Other Liab $1,802,859.56
Total Liabilities $236,156,177.22
Equity:  
Retained Earnings $6,869,586.84
Regular Reserve $11,882,096.16
Current Earnings $1,954,589.38
Unrealized G/L $434,206.69
Total Equity $21,140,479.07
Total Liabilities & Equity $257,296,656.29