Dec, 31, 2023 — SELF-HELP FEDERAL CREDIT UNION is a federal credit union headquartered in DURHAM, NC with 37 branch locations and about $2.09 billion in total assets. Opened 16 years ago in 2008, SELF-HELP FEDERAL CREDIT UNION has about 100,997 members and employs 381 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SELF-HELP FEDERAL CREDIT UNION |
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Address: (Main Office) | 301 W Main St DURHAM, NC 27701-3215 |
Phone: | (919) 956-4600 |
Fax: | |
Website: | https://www.self-helpfcu.org |
Branches: | 37 branch locations |
Members: | 100,997 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24802 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 2008 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,093,454,414 |
CEO/Manager: | Martin D Eakes |
Chairperson: | Raul Raymundo |
ASSETS: | $ Amount |
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Cash & Equivalents | 462,563,783 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,327,707,315 |
Unsecured Loans | 26,528,352 |
Other Loans | 130,183,417 |
TOTAL LOANS | 1,484,664,343 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,891,614 |
Land And Building | 56,292,442 |
Other Fixed Assets | 11,856,058 |
NCUSIF Deposit | 12,757,833 |
All Other Assets | 574,338 |
TOTAL ASSETS | 2,093,454,414 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 89,865 |
Notes & Interest Payable | 11,890,000 |
Accounts Payable & Other Liabilities | 44,658,221 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 409,250,000 |
Share Drafts | 252,568,789 |
Regular shares | 414,255,030 |
All Other Shares & Deposits | 794,667,941 |
TOTAL SHARES & DEPOSITS | 1,461,491,760 |
TOTAL LIABILITIES | 1,927,379,846 |
Regular Reserve | 0 |
Other Reserves | 20,062,639 |
Undivided Earnings | 146,011,929 |
TOTAL EQUITY | 166,074,568 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,093,454,414 |
INCOME & EXPENSE | |
Loan Income | 86,044,793 |
Investment Income | 22,715,429 |
Other Income | 3,371,044 |
Total Employee Compensation & Benefits | 31,593,033 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 29,369,831 |
Non-operating Income & (Expense) | 3,960,675 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,427,655 |
Cost of Funds | 28,669,220 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 37,100,015 |
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