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San Diego County Credit Union second quarter 2017 results show continued growth
SDCCU reaches $8.2 billion in assets, serving over 357,000 customers
8/29/2017 12:00 a.m.
SDCCU releases positive second quarter financial results for 2017. SDCCU reported that return on assets remains strong at 1.23 percent year-to-date through June 2017. Additionally, SDCCU’s customer base continues to grow at almost 10 percent over the same time period in 2016.
“SDCCU experienced positive growth during the first half of 2017. We continue to see more customers making the switch to SDCCU—which is largely due to the credit union’s continued focus on delivering the BEST in financial products and services and providing exceptional customer service. We continue to elevate awareness of our brand in the community, enhance our mobile technologies and expand our branch network, making financial services more convenient and accessible for customers in Southern California,” said Teresa Halleck, SDCCU president and CEO.
SDCCU’s net-worth-to-assets ratio for the second quarter was 14.08 percent, well above the 7 percent minimum capital level required for credit unions to be regarded as “well-capitalized” as specified by the National Credit Union Administration (NCUA). The NCUA is an independent federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions in the U.S.
SDCCU has experienced several highlights to date for 2017. SDCCU is now proudly serving over 357,000 customers in San Diego, Riverside and Orange counties. SDCCU celebrated the grand opening of its Scripps Ranch Branch and opened its 42nd branch location in Mission Viejo. SDCCU was nominated in The San Diego Union-Tribune Readers Poll for BEST Credit Union, BEST Auto Loan Provider, BEST Financial Planner and BEST Home Loan Provider; received the Gold Award for BEST Credit Union by the San Diego Uptown News; and Halleck was named a 2017 Most Admired CEO. SDCCU continued its support of local communities and causes, and raised over $8,000 for the National MS Society and had over 100 walkers participate in SDCCU Walk MS. SDCCU Dining DealsTM reached over 36,000 meals donated to Feeding America San Diego in the second quarter of 2017.
San Diego County Credit Union is San Diego’s largest locally-owned financial institution serving San Diego, Riverside and Orange counties. SDCCU has assets of $8.2 billion, over 357,000 customers, 42 convenient branch locations and 30,000 surcharge-FREE ATMs. SDCCU provides breakthrough banking products that meet the demands of today’s lifestyle and delivers banking services that save customers money. SDCCU is leading the way, offering FREE Checking with eStatements, SDCCU mobile banking, mortgage loans, auto loans, Visa® credit cards and business banking services. Federally insured by NCUA. Equal Housing Opportunity. For more information, visit www.sdccu.com.