Dec, 31, 2022 — SELF-HELP FEDERAL CREDIT UNION is a federal credit union headquartered in DURHAM, NC with 35 branch locations and about $2.12 billion in total assets. Opened 15 years ago in 2008, SELF-HELP FEDERAL CREDIT UNION has about 91,606 members and employs 386 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: | https://www.self-helpfcu.org |
| Branches: | 35 branch locations |
| Members: | 91,606 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,124,079,578 |
| CEO/Manager: | Martin D Eakes |
| Chairperson: | Raul Raymundo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 467,065,319 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,301,345,358 |
| Unsecured Loans | 27,916,398 |
| Other Loans | 150,442,203 |
| TOTAL LOANS | 1,480,098,693 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,495,463 |
| Land And Building | 46,479,898 |
| Other Fixed Assets | 11,495,671 |
| NCUSIF Deposit | 14,080,079 |
| All Other Assets | 500,338 |
| TOTAL ASSETS | 2,124,079,578 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,472 |
| Notes & Interest Payable | 11,890,000 |
| Accounts Payable & Other Liabilities | 35,999,853 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 409,000,000 |
| Share Drafts | 289,202,425 |
| Regular shares | 509,935,910 |
| All Other Shares & Deposits | 714,027,634 |
| TOTAL SHARES & DEPOSITS | 1,513,165,969 |
| TOTAL LIABILITIES | 1,970,084,294 |
| Regular Reserve | 0 |
| Other Reserves | 31,149,075 |
| Undivided Earnings | 122,846,209 |
| TOTAL EQUITY | 153,995,284 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,124,079,578 |
| INCOME & EXPENSE | |
| Loan Income | 57,712,012 |
| Investment Income | 4,042,233 |
| Other Income | 5,536,595 |
| Total Employee Compensation & Benefits | 23,149,642 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,841,361 |
| Non-operating Income & (Expense) | 4,261,479 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,676,175 |
| Cost of Funds | 10,738,529 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,146,612 |
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