San Diego County Credit Union shows continued growth through the end of 2019
Now serving over 421,900 customers
SAN DIEGO, CA (February 28, 2020) — San Diego County Credit Union® (SDCCU®), San Diego’s largest locally-owned financial institution, released financial results for 2019. SDCCU’s customer base ended the year at 421,986, welcoming nearly 44,000 new customers and representing an increase of 4.5 percent from last year. SDCCU reported that total assets were $8.5 billion at the end of 2019. Return on assets continues to be strong at 1.12 percent for the year 2019.
“SDCCU experienced continued growth throughout 2019, and we’re looking forward to the opportunity to serve even more members of the community as we grow,” said Teresa Campbell, SDCCU president and CEO. “We were proud to open one new branch in 2019 in the College Area of San Diego and to roll out a new and improved internet banking platform to continue to make financial services more convenient and accessible for customers in Southern California.”
SDCCU’s net-worth-to-assets ratio for 2019 was 16.54 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 deposits in federal and most state-chartered credit unions in the United States.
SDCCU has experienced several highlights in 2019. SDCCU is now proudly serving over 421,900 customers in San Diego, Riverside and Orange counties. We were named San Diego’s BEST Credit Union for the 20th consecutive year by readers of The San Diego Union-Tribune. SDCCU also was selected in the recent 2019 Readers Poll as San Diego’s BEST Financial Planner and BEST Home Loan Provider for the tenth year in a row – and BEST Auto Loan Provider for the sixth year in a row. SDCCU was recognized as one of San Diego’s Best and Brightest in Wellness® by the National Association for Business Resources (NABR), as well as recognized as the 2019 San Diego’s Best of the Best Wellness Employer Elite Award winner, SDCCU also received the Community Business Leader Award from OC Pride, and we were named a Civic 50, one of the top 50 most community-minded companies in Orange County by the Orange County Business Journal. SDCCU President and CEO Teresa Campbell was named CEO of the Year by San Diego Business Journal, as well as recognized with the 2019 Business Leadership Award by the North San Diego Business Chamber. For the third year in a row SDCCU was recognized as one of San Diego’s Best and Brightest in Wellness® by the National Association for Business Resources (NABR). SDCCU continued its support of local communities and causes, including returning as the title sponsor of the OC Marathon, and raising over $5,000 for the National MS Society with over 100 walkers participating in SDCCU Walk MS San Diego and Carlsbad events.
Additionally, SDCCU held a successful 2019 SDCCU Super Shred Event, where more than 239,000 pounds of waste paper was collected, shredded and recycled in an 8-hour period to earn SDCCU a new Guinness World Records™ title. Approximately 12,000 people turned out at SDCCU Stadium on June 15 to properly dispose of confidential information, and more than $5,000 was raised for SDCCU Stuff the Bus. Our 2019 SDCCU® Stuff the Bus campaign, held in partnership with the San Diego County Office of Education (SDCOE) and iHeartMedia radio stations, collected a total of 6,895 filled backpacks, over 3,000 passion planners and a total of 269,503 school supplies for a total value of $329,634 to better prepare students for success as they head back to school this year. SDCCU also remained the title sponsor of the San Diego County Credit Union Holiday Bowl played on December 27, 2019 at the SDCCU Stadium. $1 from each ticket sold was donated to the Biz Kid$ program, resulting in a $48,500 donation. SDCCU’s customers and employees also donated more than 2,000 toys this year for the annual Holiday Toy Drive benefiting Rady Children’s Hospital-San Diego and CHOC Children’s Hospital of Orange County.
About San Diego County Credit Union (SDCCU)
SDCCU is one of the nation’s top credit unions, proudly serving the financial needs of customers in Southern California counties, including Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara and Ventura. SDCCU has assets of over $13 billion, more than 436,000 customers, over 40 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. Membership required. Equal Housing Opportunity. NMLS #580585. For more information, visit www.sdccu.com.