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STATE EMPLOYEES' CREDIT UNION, NC (NCSECU)

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.


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: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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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