Back to News
San Diego County Credit Union second quarter 2015 results show continued growth
Highlights include SDCCU voted BEST Credit Union for the 16th year
8/26/2015 12:00 a.m.
SDCCU releases positive second quarter financial results for 2015.
SDCCU reported that return on assets remains strong at 1.30 percent year-to-date through June 2015. Additionally, SDCCU’s customer base continues to grow at more than 8.82 percent over the same time period in 2014. This impressive growth rate is more than two times higher than the year-over-year national growth for all credit unions based on a growth estimate from CUNA (Credit Union National Association) for May 2015.
“SDCCU continues to show positive growth and progress year-over-year. This success is fueled by SDCCU’s strong focus on our customers. Our exceptional employees are committed to delivering WOW service and providing breakthrough banking products that meet the needs of customers,” said SDCCU President and CEO Teresa Halleck. “SDCCU will continue to provide sound financial services to improve the overall financial health and well-being of individuals.”
SDCCU’s net-worth-to-assets ratio for the second quarter was 13.71 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 2015. SDCCU is now proudly serving over 295,000 customers in San Diego, Riverside and Orange counties. SDCCU was voted in the San Diego Union-Tribune Readers Poll for BEST Credit Union for the 16th year in a row, BEST Auto Loan Provider for the second year and BEST Financial Planner, BEST Home Loan Provider and BEST Place To Work for the sixth year in a row; recognized as 2015 Community Champion of the Year by the North San Diego Business Chamber; opened two new branches, National City and Sorrento Mesa to bring our total locations to 38; and SDCCU Dining DealsTM reached over 20,000 meals donated to Feeding America San Diego.
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 $6.9 billion, over 295,000 customers, more than 38 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 Deposit, mortgage loans, auto loans, Visa® credit cards and business banking services. Federally insured by NCUA. Equal Housing Opportunity. Equal Opportunity Employer. For more information, visit www.sdccu.com.