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STATE EMPLOYEES' CREDIT UNION, NC (NCSECU)

Mar, 31, 2022 — STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) is a federally insured state chartered credit union headquartered in RALEIGH, NC with 273 branch locations and about $53.14 billion in total assets. Opened 85 years ago in 1937, STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) has more than 2.7 million members and employs 7,433 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:273 branch locations
Members:2,660,288
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$53,143,594,783
CEO/Manager:James T Hayes
Chairperson:Chris Ayers

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,258,586,472
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 20,340,115,592
 Unsecured Loans 2,418,186,190
 Other Loans 3,305,836,369
 TOTAL LOANS 26,064,138,151
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -352,879,069
 Land And Building 1,070,807,963
 Other Fixed Assets 155,529,510
 NCUSIF Deposit 418,925,223
 All Other Assets 5,232,644
  TOTAL ASSETS 53,143,594,783
LIABILITIES & CAPITAL:  
 Dividends Payable 6,261,139
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 506,532,801
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,219,322,075
 Regular shares 8,548,732,145
 All Other Shares & Deposits 33,108,574,360
  TOTAL SHARES & DEPOSITS 48,876,628,580
  TOTAL LIABILITIES 49,389,422,520
 Regular Reserve 0
 Other Reserves 3,314,017,662
 Undivided Earnings 440,154,601
  TOTAL EQUITY 3,754,172,263
  TOTAL LIABILITIES, SHARES, & EQUITY 53,143,594,783
INCOME & EXPENSE  
 Loan Income 287,477,649
 Investment Income 26,522,429
 Other Income 35,623,959
 Total Employee Compensation & Benefits 151,687,201
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 102,460,424
 Non-operating Income & (Expense) 3,077,819
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 29,572,733
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 143,161,737
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