Jun, 30, 2021 — SELF-HELP FEDERAL CREDIT UNION is a federal credit union headquartered in Durham, NC with 32 branch locations and about $1.70 billion in total assets. Opened 13 years ago in 2008, SELF-HELP FEDERAL CREDIT UNION has about 89,525 members and employs 378 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 Street Durham, NC 27701 |
| Phone: | (919) 956-4600 |
| Fax: | |
| Website: | http://www.self-helpfcu.org |
| Branches: | 32 branch locations |
| Members: | 89,525 |
| 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: | $1,698,319,310 |
| CEO/Manager: | Martin D Eakes |
| Chairperson: | Raul Raymundo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 378,618,747 |
| TOTAL INVESTMENTS | 13,771,932 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 930,859,845 |
| Unsecured Loans | 153,589,251 |
| Other Loans | 151,908,059 |
| TOTAL LOANS | 1,237,023,024 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,944,202 |
| Land And Building | 34,141,798 |
| Other Fixed Assets | 17,001,942 |
| NCUSIF Deposit | 11,360,451 |
| All Other Assets | 28,345,618 |
| TOTAL ASSETS | 1,698,319,310 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 63,635 |
| Notes & Interest Payable | 14,588,256 |
| Accounts Payable & Other Liabilities | 28,122,964 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 159,000,000 |
| Share Drafts | 232,715,985 |
| Regular shares | 396,110,618 |
| All Other Shares & Deposits | 779,017,302 |
| TOTAL SHARES & DEPOSITS | 1,407,843,905 |
| TOTAL LIABILITIES | 1,609,618,760 |
| Regular Reserve | 1,000,000 |
| Other Reserves | -6,570,501 |
| Undivided Earnings | 94,271,051 |
| TOTAL EQUITY | 88,700,550 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,698,319,310 |
| INCOME & EXPENSE | |
| Loan Income | 33,653,044 |
| Investment Income | 265,967 |
| Other Income | 6,846,035 |
| Total Employee Compensation & Benefits | 14,244,476 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,225,258 |
| Non-operating Income & (Expense) | 557,652 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 254,411 |
| Cost of Funds | 8,031,194 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,645,367 |
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