2017 was a year of consistent growth for Dort Federal Credit Union. We had a very strong financial performance in terms of balancing loan, deposit and asset growth with income and member equity growth. As a member-owned credit union, our financials are transparent to our members, regulators, and community.
Throughout 2017, Dort Federal remained a fiscally sound and secure financial institution. At year end, our assets totaled $783 million, an increase of $60 million (over 8%) from 2016. Total income increased by over 18% and our Return on Assets (ROA) remained consistently stable at 1.34%. Dort Federal’s capital ratio remained strong at 17.73%, two and a half times the minimum level required by the National Credit Union Administration (NCUA), our government regulatory agency.
Dort Federal Credit Union remains a leader among our peer institutions for consistently strong financial performance. We look forward to continued growth in 2018 and the expansion of products and services offered to our membership. We remain well capitalized and positioned for continued growth and stability for many generations to come with the philosophy of “People Helping People” at the top of our minds. We want you, our members, to consider Dort Federal Credit Union as not just a financial institution, but as your trusted financial partner.