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STATE EMPLOYEES' CREDIT UNION, NC (NCSECU)

Mar, 31, 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 $49.63 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 7,007 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:2,577,250
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:$49,634,688,175
CEO/Manager:Michael J Lord
Chairperson:Bob Brinson

Call Report

  • Micro Consumer Loans
  • Pay Day Loans
  • Real Estate Loans
  • Refund Anticipation Loans
  • ATM/Debit Card Program
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,592,539,759
TOTAL INVESTMENTS 12,425,388,475
Loans Held for Sale 0
 
 Real Estate Loans 19,048,241,399
 Unsecured Loans 2,173,159,842
 Other Loans 2,945,724,340
 TOTAL LOANS 24,167,125,581
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -406,260,280
 Land And Building 1,069,548,712
 Other Fixed Assets 192,897,715
 NCUSIF Deposit 396,751,496
 All Other Assets 196,696,717
  TOTAL ASSETS 49,634,688,175
LIABILITIES & CAPITAL:  
 Dividends Payable 7,119,182
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 443,938,024
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,628,438,754
 Regular shares 7,066,142,327
 All Other Shares & Deposits 31,751,634,056
  TOTAL SHARES & DEPOSITS 45,446,215,137
  TOTAL LIABILITIES 45,897,272,343
 Regular Reserve 2,000,000,000
 Other Reserves 1,434,368,528
 Undivided Earnings 303,047,304
  TOTAL EQUITY 3,737,415,832
  TOTAL LIABILITIES, SHARES, & EQUITY 49,634,688,175
INCOME & EXPENSE  
 Loan Income 293,007,695
 Investment Income 30,155,782
 Other Income 33,899,337
 Total Employee Compensation & Benefits 153,277,037
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 92,767,676
 Non-operating Income & (Expense) 1,920,133
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,005,000
 Cost of Funds 35,734,500
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 131,357,204
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