San Diego Housing Market News and Analysis
How safe is SDCCU
User Forum Topic
Submitted by newbiz on August 14, 2007 - 10:13am
I was trying to get some info on how stable SDCCU is and ended up reading their 2006 Anual report. I was not able to get much out of it. Here are the highlights
assets - 3.7 billion, wilth 2.7 billion in loans to members, 700 mil in non FAS 115 inverstments, rest in other investments
Liabilities - 3.2 Billion - mostly deposites from members
Only info I could find about their exposure to home loans is - home loans to 1400 members totalling 85 Mil in loan value in 2006.
What were they giving out as home loans 50K a pop?
Well, request to the financial gurus on the forum. Can you guys please explain what you think is the risk level of SDCCU, based on info you have access to about SDCCU.
Obviously, I have large depositis in SDCCU and I would like to be prepared than be sorry if something goes bad.
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