Dec, 31, 2021 — SELF-HELP FEDERAL CREDIT UNION is a federal credit union headquartered in DURHAM, NC with 32 branch locations and about $1.79 billion in total assets. Opened 14 years ago in 2008, SELF-HELP FEDERAL CREDIT UNION has about 94,412 members and employs 366 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 |
|---|---|
| Address: (Main Office) | 301 W Main St DURHAM, NC 27701-3215 |
| Phone: | (919) 956-4600 |
| Fax: | |
| Website: | http://www.self-helpfcu.org |
| Branches: | 32 branch locations |
| Members: | 94,412 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24802 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 2008 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,788,207,889 |
| CEO/Manager: | Martin D Eakes |
| Chairperson: | Raul Raymundo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 509,165,020 |
| TOTAL INVESTMENTS | 10,016,627 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 984,523,475 |
| Unsecured Loans | 85,281,943 |
| Other Loans | 134,707,539 |
| TOTAL LOANS | 1,204,751,552 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,181,427 |
| Land And Building | 31,735,789 |
| Other Fixed Assets | 18,816,831 |
| NCUSIF Deposit | 12,094,409 |
| All Other Assets | 21,809,088 |
| TOTAL ASSETS | 1,788,207,889 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 42,033 |
| Notes & Interest Payable | 13,999,353 |
| Accounts Payable & Other Liabilities | 33,076,361 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 159,000,000 |
| Share Drafts | 241,986,451 |
| Regular shares | 396,879,576 |
| All Other Shares & Deposits | 841,666,249 |
| TOTAL SHARES & DEPOSITS | 1,480,532,276 |
| TOTAL LIABILITIES | 1,686,650,023 |
| Regular Reserve | 1,000,000 |
| Other Reserves | -5,141,730 |
| Undivided Earnings | 105,699,596 |
| TOTAL EQUITY | 101,557,866 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,788,207,889 |
| INCOME & EXPENSE | |
| Loan Income | 67,297,772 |
| Investment Income | 563,794 |
| Other Income | 11,172,375 |
| Total Employee Compensation & Benefits | 27,839,631 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 23,625,621 |
| Non-operating Income & (Expense) | 2,970,359 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,394,917 |
| Cost of Funds | 15,652,983 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,073,913 |
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