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STATE EMPLOYEES' CREDIT UNION, NC (NCSECU)

Jun, 30, 2023 — STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) is a federally insured state chartered credit union headquartered in RALEIGH, NC with 273 branch locations and about $52.11 billion in total assets. Opened 87 years ago in 1937, STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) has more than 2.7 million members and employs 8,257 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253177049
Name:STATE EMPLOYEES' CREDIT UNION, NC
Address:
(Main Office)
119 N Salisbury St
RALEIGH, NC 27603
Phone:(919) 839-5000
Fax:(919) 839-5353
Website:https://www.ncsecu.org
Branches:273 branch locations
Members:2,704,718
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66310
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1937
Last Audited:Jun 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$52,107,583,234
CEO/Manager:James T Hayes
Chairperson:Chris Ayers

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,707,653,135
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 22,283,441,802
 Unsecured Loans 2,707,929,384
 Other Loans 3,509,784,733
 TOTAL LOANS 28,501,155,919
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -319,231,457
 Land And Building 1,082,375,012
 Other Fixed Assets 168,672,563
 NCUSIF Deposit 430,577,265
 All Other Assets 4,044,083
  TOTAL ASSETS 52,107,583,234
LIABILITIES & CAPITAL:  
 Dividends Payable 8,608,506
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 522,780,737
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,923,724,498
 Regular shares 8,485,987,451
 All Other Shares & Deposits 32,698,850,980
  TOTAL SHARES & DEPOSITS 48,108,562,929
  TOTAL LIABILITIES 48,639,952,172
 Regular Reserve 0
 Other Reserves 3,256,927,689
 Undivided Earnings 210,703,373
  TOTAL EQUITY 3,467,631,062
  TOTAL LIABILITIES, SHARES, & EQUITY 52,107,583,234
INCOME & EXPENSE  
 Loan Income 898,128,338
 Investment Income 172,869,588
 Other Income 66,800,407
 Total Employee Compensation & Benefits 478,772,041
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 323,306,532
 Non-operating Income & (Expense) 1,034,743
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,500,000
 Cost of Funds 106,638,243
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 463,710,509
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