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STATE EMPLOYEES' CREDIT UNION, NC (NCSECU)

Dec, 31, 2023 — STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) is a federally insured state chartered credit union headquartered in RALEIGH, NC with 275 branch locations and about $54.58 billion in total assets. Opened 87 years ago in 1937, STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) has more than 2.8 million members and employs 8,236 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:275 branch locations
Members:2,779,110
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$54,576,330,103
CEO/Manager:Leigh Brady
Chairperson:Mona Moon

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,667,533,302
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 26,031,029,429
 Unsecured Loans 3,408,446,292
 Other Loans 4,095,261,030
 TOTAL LOANS 33,534,736,751
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -405,910,239
 Land And Building 1,115,506,709
 Other Fixed Assets 144,706,998
 NCUSIF Deposit 418,206,599
 All Other Assets 4,436,503
  TOTAL ASSETS 54,576,330,103
LIABILITIES & CAPITAL:  
 Dividends Payable 62,597,318
 Notes & Interest Payable 5,000,000,000
 Accounts Payable & Other Liabilities 547,270,363
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,820,390,966
 Regular shares 7,231,168,884
 All Other Shares & Deposits 30,461,308,722
  TOTAL SHARES & DEPOSITS 44,512,868,572
  TOTAL LIABILITIES 50,123,336,776
 Regular Reserve 0
 Other Reserves 4,219,834,447
 Undivided Earnings 233,158,880
  TOTAL EQUITY 4,452,993,327
  TOTAL LIABILITIES, SHARES, & EQUITY 54,576,330,103
INCOME & EXPENSE  
 Loan Income 1,596,407,855
 Investment Income 397,092,173
 Other Income 48,174,357
 Total Employee Compensation & Benefits 732,832,195
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 458,032,116
 Non-operating Income & (Expense) 2,827,534
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 234,884,907
 Cost of Funds 620,704,500
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 364,250,540
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