SAN DIEGO — San Diego County Credit Union on Tuesday released its financial results for 2015, noting that its return on assets "continues to be strong" at 1.26% for the year and its net-worth-to-assets ratio was 13.85% ("well capitalized").
SDCCU reported its total assets increased to $7.2 billion at the end of 2015, up from $6.7 billion at the beginning of the year. The credit union's member base grew 10% to end the year at more than 308,000 members.
"Our overall strategy, diligent efforts by our organization's leadership and the commitment of the SDCCU team to deliver exceptional service to our members resulted in solid growth for our organization in 2015," Teresa Halleck, SDCCU's president and CEO, said in a statement. "We will continue to provide convenient and sound financial products, services and education to our members and the community as we look forward to being the preferred financial partner for residents of Southern California for many years to come."
SDCCU said its growth and success was fueled by several highlights throughout the year. Its mobile banking app was upgraded to include a variety of new features designed to make banking on the go easier, including the ability to view account balances without logging in, as well as pending transactions and the opportunity to schedule branch appointments and the ability to change passwords within the app, among other things.
In 2015 SDCCU was voted Best Credit Union by readers of the San Diego Union-Tribune for the 16th year in a row and awarded one of San Diego's Healthiest Companies by the San Diego Business Journal.
In addition, SDCCU won its third Guinness World Record, which was set at its SDCCU Super Shred Event, for most paper collected in a 24-hour period at a single location. At the event, SDCCU collected and shredded 584,350 lbs. of paper and saved nearly 4,967 trees.
The CU serves more than 308,000 members in San Diego, Riverside and Orange counties and has 38 branches.
