San Diego County Credit Union on Tuesday released what it said were “positive” financial results for the second quarter of 2017.
SDCCU said its total assets have reached $8.2 billion, as its return on assets “remains strong” at 1.23 percent year-to-date through June 30. The CU said its member base grew almost 10 percent over the same time period in 2016.
The credit union said its net-worth-to-assets ratio at the end of the second quarter was 14.08 percent (“well-capitalized”).
As of Dec. 31, 2016, SDCCU’s total assets were $7.89 billion.
“SDCCU experienced positive growth during the first half of 2017,” Teresa Halleck, the credit union’s president and CEO, said in a statement. “We continue to see more consumers making the switch to SDCCU. 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 people in Southern California.”
The CU reported it has experienced “several highlights to date for 2017,” including the expansion of its member base to more than 357,000 people 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.
Beyond its ongoing growth, SDCCU continued its support of local communities and causes, including raising more than $8,000 for the National MS Society and having more than 100 walkers participate in SDCCU Walk MS. SDCCU Dining Deals achieved more than 36,000 meals donated to Feeding America San Diego in Q2.