San Diego County Credit Union, San Diego’s largest locally owned financial institution, reported nearly $8.2 billion in assets at the end of the second quarter, up from about $8.1 billion the prior quarter.
Its customer base also continued growing, reaching about 354,000 customers in San Diego, Riverside and Orange Counties as of the end of the second quarter, it said. Its customer base grew at nearly 10 percent more than during the same time period in 2016, the credit union said.
The credit union’s return on assets through June was 1.23 percent, SDCCU announced this week.
SDCCU’s net worth ratio, a measure of financial health, was about 14 percent, double what the agency that oversees federal credit unions considers well-capitalized.
The credit union has 42 branches, including its newest location in Orange County’s Mission Viejo, and 30,000 ATMs.