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STATE EMPLOYEES' CREDIT UNION, NC (NCSECU)

Sep, 30, 2021 — STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) is a federally insured state chartered credit union headquartered in RALEIGH, NC with 274 branch locations and about $50.95 billion in total assets. Opened 85 years ago in 1937, STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) has more than 2.6 million members and employs 7,000 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:274 branch locations
Members:2,629,512
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:$50,947,047,997
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 12,516,506,382
TOTAL INVESTMENTS 12,157,358,997
Loans Held for Sale 0
 
 Real Estate Loans 19,251,858,115
 Unsecured Loans 2,320,136,719
 Other Loans 3,191,849,516
 TOTAL LOANS 24,763,844,350
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -386,601,224
 Land And Building 1,070,952,970
 Other Fixed Assets 173,532,792
 NCUSIF Deposit 396,751,496
 All Other Assets 254,702,234
  TOTAL ASSETS 50,947,047,997
LIABILITIES & CAPITAL:  
 Dividends Payable 5,875,959
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 507,608,216
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,621,137,405
 Regular shares 7,528,800,375
 All Other Shares & Deposits 32,231,761,144
  TOTAL SHARES & DEPOSITS 46,381,698,924
  TOTAL LIABILITIES 46,895,183,099
 Regular Reserve 2,000,000,000
 Other Reserves 1,893,096,279
 Undivided Earnings 158,768,619
  TOTAL EQUITY 4,051,864,898
  TOTAL LIABILITIES, SHARES, & EQUITY 50,947,047,997
INCOME & EXPENSE  
 Loan Income 867,192,392
 Investment Income 89,060,781
 Other Income 104,536,639
 Total Employee Compensation & Benefits 435,600,227
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 295,478,054
 Non-operating Income & (Expense) 9,362,562
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,033,564
 Cost of Funds 99,590,690
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 419,078,521
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