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STATE EMPLOYEES' CREDIT UNION, NC (NCSECU)

Dec, 31, 2020 — STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) is a federally insured state chartered credit union headquartered in RALEIGH, NC with 271 branch locations and about $47.38 billion in total assets. Opened 84 years ago in 1937, STATE EMPLOYEES' CREDIT UNION, NC (NCSECU) has more than 2.5 million members and employs 7,089 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:271 branch locations
Members:2,547,942
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:$47,376,088,322
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 8,729,176,060
TOTAL INVESTMENTS 12,674,194,315
Loans Held for Sale 0
 
 Real Estate Loans 19,435,826,739
 Unsecured Loans 2,238,232,332
 Other Loans 2,931,349,757
 TOTAL LOANS 24,605,408,828
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -413,452,421
 Land And Building 1,067,257,332
 Other Fixed Assets 197,301,307
 NCUSIF Deposit 378,832,231
 All Other Assets 137,370,670
  TOTAL ASSETS 47,376,088,322
LIABILITIES & CAPITAL:  
 Dividends Payable 8,480,608
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 412,784,499
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,079,651,269
 Regular shares 6,004,155,430
 All Other Shares & Deposits 31,041,609,189
  TOTAL SHARES & DEPOSITS 43,125,415,888
  TOTAL LIABILITIES 43,546,680,995
 Regular Reserve 1,845,000,000
 Other Reserves 1,812,717,228
 Undivided Earnings 171,690,099
  TOTAL EQUITY 3,829,407,327
  TOTAL LIABILITIES, SHARES, & EQUITY 47,376,088,322
INCOME & EXPENSE  
 Loan Income 1,197,974,003
 Investment Income 150,827,486
 Other Income 307,133,939
 Total Employee Compensation & Benefits 584,880,050
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 351,835,373
 Non-operating Income & (Expense) 12,419,549
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 201,137,892
 Cost of Funds 282,425,801
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 248,075,861
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