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.
| 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 |
| 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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