About Us

San Diego Metropolitan Credit Union 
November 2015

The financials contained in this page are unaudited.

Income Statement

  YTD November
Loan Interest Income $8,590,435.06 $833,038.44
Investments Interest Income $696,496.74 $58,006.94
Total Interest Income $9,286,931.80 $891,045.38
Deposit Interest Expense ($366,273.86) ($31,571.59)
Borrowing Expense ($26.85) (0.00) 
Total Interest Expense ($366,300.71) ($31,571.59)
Net Interest Margin $8,920,631.09 $859,473.79
Other Income $2,705,789.60 $207,701.40
Operating Expense ($9,744,438.63) ($877,412.08)
Provision For Loan Loss $174,144.17 ($8,644.08)
Gross Income $11,992,721.40 $1,098,746.78
Gross Expense ($9,936,595.17) ($917,627.75)
Net Income $2,056,126.23 $181,119.03
 

Balance Sheet

Assets: November
Loans $189,871,824.27
Allowance for Loan Losses ($4,042,007.68)
Deferred Fees ($5,008,632.32)
Net Loans $180,821,184.27
Accounts Receivable $102,330.28
Cash & Equivalents $41,232,429.16
Investments $65,510,469.65
Fixed & Other Assets $10,500,777.54
Total Assets $256,832,431.46
Liabilities:  
Total Deposits $232,117,723.25
Accounts Payable & Other Liab $1,609,636.32
Total Liabilities $233,727,359.57
Equity:  
Retained Earnings $9,137,979.56
Regular Reserve $11,882,096.16
Current Earnings $2,056,126.23
Unrealized G/L $28,869.94
Total Equity $23,105,071.89
Total Liabilities & Equity $256,832,431.46