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National Credit Union Service Organization

STATE EMPLOYEES' CREDIT UNION, NC
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for STATE EMPLOYEES' CREDIT UNION, NC as of: June 30, 2021.
Charter Number: 66310

ASSETS$ Amount
CASH:  
 1. Cash on Hand 787,859,326
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 11,103,879,687
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 8,314,197
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 12,346,501,289
 7. Held-to-Maturity Debt Securities 75,654,450
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 399,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 338,912
 12. All other investments in corporate credit unions 0
 13. All other investments 16,200,000
 14. TOTAL INVESTMENTS 12,447,407,848
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 24,161,360,606
 17. Less: Allowance for Loan & Lease Losses 398,174,331
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 3,106,432
 20. Land and Building 1,069,185,508
 21. Other Fixed Assets 178,248,698
 22. NCUA Share Insurance Capitalization Deposit 396,751,496
 23. Intangible Assets 0
 24. Other Assets 189,505,577
25. TOTAL ASSETS 49,939,130,847
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 6,537,735
 9. Accounts Payable and Other Liabilities 457,083,969
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 6,250,399,570
 12. Regular Shares 7,269,364,351
 13. Money Market Shares 22,677,074,681
 14. Share Certificates 4,723,487,910
 15. IRA/KEOGH Accounts 4,051,415,538
 16. All Other Shares 581,416,673
 17. TOTAL SHARES 45,553,158,723
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 45,553,158,723
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 145,346,147
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 169,602,996
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 67,357,313
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 2,212,904,089
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,888,921,926
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 124,199,772
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 3,498,818
EQUITY:  
 33. Undivided Earnings 17,437,146
 34. Regular Reserves 2,000,000,000
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 2,025,000,000
 37. Equity Acquired in Merger 1,794,977
 38. Miscellaneous Equity 1,000,000
 39. Other Comprehensive Income (not already included in items 40 - 43) -13,261,237
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -109,620,466
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 49,939,130,847
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 579,272,355
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 60,662,551
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 639,934,906
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 68,149,414
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 68,149,414
 10. Provision for Loan & Lease Losses 10,033,564
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 561,751,928
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 69,738,040
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 6,016,779
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 537,561
 21. TOTAL NON-INTEREST INCOME 205,935,327
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 291,321,751
 23. Travel and Conference Expense 227,927
 24. Office Occupancy Expense 44,242,146
 25. Office Operations Expense 128,100,179
 26. Educational and Promotional Expenses 185,852
 27. Loan Servicing Expense 4,328,662
 28. Professional and Outside Services 7,175,042
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 343,005
 31. Miscellaneous Operating Expenses 14,015,644
 32. TOTAL NON-INTEREST EXPENSE 489,940,208
33. NET INCOME (LOSS) 277,747,047
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans7.75304,633$785,803,150
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans10.75279,893$1,461,519,863
 5. New Vehicle Loans3.9536,856$809,645,096
 6. Used Vehicle Loans3.95190,174$2,216,389,429
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.0031,929$44,049,605
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.25152,226$18,190,726,550
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property2.7526,862$653,226,913
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured0.000$0
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES1,022,573$24,161,360,606
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date140,334$5,271,477,760
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff942$43,281,099
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0