Sep, 30, 2025 — STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) is a federally insured state chartered credit union headquartered in RALEIGH, NC with 275 branch locations and about $56.79 billion in total assets. Opened 89 years ago in 1937, STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) has more than 3.0 million members and employs 8,202 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | 2,964,865 |
| 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, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $56,788,130,278 |
| CEO/Manager: | Leigh Brady |
| Chairperson: | Stelfanie Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,653,620,282 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,115,556,058 |
| Unsecured Loans | 4,038,554,015 |
| Other Loans | 4,091,259,369 |
| TOTAL LOANS | 37,245,369,442 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -427,234,233 |
| Land And Building | 1,126,810,858 |
| Other Fixed Assets | 111,016,371 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 437,284,024 |
| All Other Assets | 13,315,141 |
| TOTAL ASSETS | 56,788,130,278 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 74,471,107 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 582,314,226 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,968,055,229 |
| Regular shares | 6,871,096,810 |
| All Other Shares & Deposits | 36,840,212,896 |
| TOTAL SHARES & DEPOSITS | 50,679,364,935 |
| TOTAL LIABILITIES | 51,336,480,037 |
| Regular Reserve | 0 |
| Other Reserves | 5,229,455,068 |
| Undivided Earnings | 222,195,173 |
| TOTAL EQUITY | 5,451,650,241 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,788,130,278 |
| INCOME & EXPENSE | |
| Loan Income | 1,588,903,986 |
| Investment Income | 414,337,829 |
| Other Income | 41,963,428 |
| Total Employee Compensation & Benefits | 605,926,288 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 329,064,338 |
| Non-operating Income & (Expense) | -4,239,457 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 148,781,562 |
| Cost of Funds | 864,561,299 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 296,543,746 |
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