SDCCU reaches $8.4 billion in assets, serving over 393,000 customers
San Diego County CA— San Diego County Credit Union® (SDCCU®), San Diego’s largest locally-owned financial institution, releases positive second quarter financial results for 2018. SDCCU reported that return on assets remains strong at 1.3 percent year-to-date through June 2018. Additionally, SDCCU’s customer base continues to grow at over 10 percent over the same time period in 2017.
“SDCCU experienced positive growth during the first half of 2018, and we’re excited for the opportunity to serve even more members of the community,” said Teresa Halleck Campbell, SDCCU President and CEO. “As we grow, it remains a priority for SDCCU to continue to elevate awareness of our brand in the community, enhance our online technologies and expand our branch network, making financial services more convenient and accessible for customers in Southern California.”
SDCCU’s net-worth-to-assets ratio for the second quarter was 14.9 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 2018. SDCCU is now proudly serving over 393,000 customers in San Diego, Riverside and Orange counties. SDCCU was named BEST Credit Union, BEST Auto Loan Provider, BEST Financial Planner and BEST Home Loan Provider in The San Diego Union-Tribune Readers Poll; was named a Live Well San Diego Public Health Champion, received the Spirit of Stonewall Award, was recognized with the North San Diego Business Chamber’s Impact Award; and SDCCU EVP, Ashlee Micale was named CFO of the Year by the San Diego Business Journal. SDCCU continued its support of local communities and causes, including becoming the title sponsor of the OC Marathon, and raised over $6,000 for the National MS Society and had over 100 walkers participate in SDCCU Walk MS San Diego and Carlsbad events. SDCCU Dining DealsTM reached over 51,000 meals donated to Feeding America San Diego in the second quarter of 2018. Additionally, SDCCU held a successful 2018 SDCCU Super Shred Event, where more than half a million pounds of paper was collected, shredded and recycled. Approximately 11,000 people turned out at SDCCU Stadium on June 16 to properly dispose of confidential information, and more than $5,800 was raised for SDCCU Stuff the Bus – benefitting students experiencing homelessness in 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 $8.4 billion, over 393,000 customers, 43 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.