San Diego County Credit Union, the largest locally-owned financial institution in the county, said it had assets of $7.7 billion at the end of the third quarter, up 9 percent from the previous year.
Return on assets rose to 1.34 percent in the third quarter from 1.26 percent at the end of September of 2015, and year-over-year loan growth was at 17 percent, the credit union said.
The ratio of the credit union’s net worth to its assets was 13.81 percent, nearly twice the level considered “well-capitalized” by the National Credit Union Administration, a federal supervising agency.
SDCCU has more than 333,000 members in San Diego, Riverside and Orange counties.
