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.
| 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 |
| 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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