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San Diego County Credit Union Opens 32nd Branch

The area’s largest locally owned lender opened its 32nd branch this week

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    San Diego County Credit Union
    Celebrating the opening of its newest branch.

    San Diego County Credit Union, the area’s largest locally owned lender with $6.3 billion in assets, opened its 32nd branch Jan. 28 in the Target shopping center in the Midway area.

    Special Section: Local Business Spotlight

    The newest branch at 3455 Sports Arena Blvd. is near the Valley View Casino Center and open Monday through Thursday, 9 a.m. to 5 p.m., Friday, 9 a.m. to 6 p.m., and Saturday, 9 a.m. to 4 p.m.

    In other news, SDCCU said it grew by about $500 million in assets last year, and by more than 15,000 members to bring its total membership to 258,000.

    For 2013, the credit union reported net income of $90 million, up 8.7 percent from the prior year. Loans were $3.35 billion, and deposits were $5.4 billion as of the end of 2013.

    SDCCU said its net worth or equity was 12.76 percent at year end, well above the minimum 7 percent standard for credit unions that are ‘well capitalized.’

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