Jun, 30, 2021 — STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) is a federally insured state chartered credit union headquartered in RALEIGH, NC with 272 branch locations and about $49.94 billion in total assets. Opened 84 years ago in 1937, STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) has more than 2.6 million members and employs 6,945 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: | http://www.ncsecu.org |
| Branches: | 272 branch locations |
| Members: | 2,604,542 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $49,939,130,847 |
| CEO/Manager: | Michael J Lord |
| Chairperson: | Bob Brinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,891,739,013 |
| TOTAL INVESTMENTS | 12,447,407,848 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,843,953,463 |
| Unsecured Loans | 2,247,323,013 |
| Other Loans | 3,070,084,130 |
| TOTAL LOANS | 24,161,360,606 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -398,174,331 |
| Land And Building | 1,069,185,508 |
| Other Fixed Assets | 178,248,698 |
| NCUSIF Deposit | 396,751,496 |
| All Other Assets | 192,612,009 |
| TOTAL ASSETS | 49,939,130,847 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,537,735 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 457,083,969 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,250,399,570 |
| Regular shares | 7,269,364,351 |
| All Other Shares & Deposits | 32,033,394,802 |
| TOTAL SHARES & DEPOSITS | 45,553,158,723 |
| TOTAL LIABILITIES | 46,016,780,427 |
| Regular Reserve | 2,000,000,000 |
| Other Reserves | 1,904,913,274 |
| Undivided Earnings | 17,437,146 |
| TOTAL EQUITY | 3,922,350,420 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,939,130,847 |
| INCOME & EXPENSE | |
| Loan Income | 579,272,355 |
| Investment Income | 60,662,551 |
| Other Income | 69,738,040 |
| Total Employee Compensation & Benefits | 291,321,751 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 198,618,457 |
| Non-operating Income & (Expense) | 6,554,340 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,033,564 |
| Cost of Funds | 68,149,414 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 277,747,047 |
| ↑ Back to Top | |