Dec, 31, 2022 — SELF-HELP CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 37 branch locations and about $1.86 billion in total assets. Opened 40 years ago in 1983, SELF-HELP CREDIT UNION has about 91,490 members and employs 280 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 W Main St DURHAM, NC 27701 |
| Phone: | (919) 956-4400 |
| Fax: | (919) 956-4600 |
| Website: | https://www.self-help.org |
| Branches: | 37 branch locations |
| Members: | 91,490 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66258 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1983 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,858,482,320 |
| CEO/Manager: | Martin D Eakes |
| Chairperson: | Scott Misner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 258,533,074 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,421,372,656 |
| Unsecured Loans | 19,626,290 |
| Other Loans | 66,003,612 |
| TOTAL LOANS | 1,508,560,024 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,181,725 |
| Land And Building | 27,886,542 |
| Other Fixed Assets | 15,366,131 |
| NCUSIF Deposit | 8,203,801 |
| All Other Assets | 86,973 |
| TOTAL ASSETS | 1,858,482,320 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,609 |
| Notes & Interest Payable | 2,830,301 |
| Accounts Payable & Other Liabilities | 33,182,981 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 301,000,000 |
| Share Drafts | 151,607,389 |
| Regular shares | 201,031,770 |
| All Other Shares & Deposits | 995,291,529 |
| TOTAL SHARES & DEPOSITS | 1,347,930,688 |
| TOTAL LIABILITIES | 1,684,972,579 |
| Regular Reserve | 0 |
| Other Reserves | 40,492,050 |
| Undivided Earnings | 133,017,691 |
| TOTAL EQUITY | 173,509,741 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,858,482,320 |
| INCOME & EXPENSE | |
| Loan Income | 37,715,743 |
| Investment Income | 4,029,058 |
| Other Income | 3,908,821 |
| Total Employee Compensation & Benefits | 16,542,764 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,713,410 |
| Non-operating Income & (Expense) | 1,428,771 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,929,408 |
| Cost of Funds | 7,471,890 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,966,576 |
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