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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: September 30, 2021.
Charter Number: 66310

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,079,109,253
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 11,437,397,129
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 10,189,168
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 12,058,018,980
 7. Held-to-Maturity Debt Securities 72,362,937
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 249,000
 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 12,157,358,997
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 24,763,844,350
 17. Less: Allowance for Loan & Lease Losses 386,601,224
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 2,595,368
 20. Land and Building 1,070,952,970
 21. Other Fixed Assets 173,532,792
 22. NCUA Share Insurance Capitalization Deposit 396,751,496
 23. Intangible Assets 0
 24. Other Assets 252,106,866
25. TOTAL ASSETS 50,947,047,997
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 5,875,959
 9. Accounts Payable and Other Liabilities 507,608,216
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 6,621,137,405
 12. Regular Shares 7,528,800,375
 13. Money Market Shares 22,936,134,192
 14. Share Certificates 4,701,501,742
 15. IRA/KEOGH Accounts 4,024,596,828
 16. All Other Shares 569,528,382
 17. TOTAL SHARES 46,381,698,924
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 46,381,698,924
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 144,931,627
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 164,894,423
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 67,668,639
 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) 2,231,405,861
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,883,775,114
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 100,752,993
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 3,200,180
EQUITY:  
 33. Undivided Earnings 158,768,619
 34. Regular Reserves 2,000,000,000
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 2,025,000,000
 37. Equity Acquired in Merger 1,794,977
 38. Miscellaneous Equity 1,000,000
 39. Other Comprehensive Income (not already included in items 40 - 43) -12,857,103
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -121,841,595
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 50,947,047,997
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 867,192,392
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 89,060,781
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 956,253,173
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 99,590,690
 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 99,590,690
 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 846,628,919
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 104,536,639
 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 8,604,472
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 758,090
 21. TOTAL NON-INTEREST INCOME 303,527,883
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 435,600,227
 23. Travel and Conference Expense 389,473
 24. Office Occupancy Expense 67,684,925
 25. Office Operations Expense 187,041,754
 26. Educational and Promotional Expenses 245,410
 27. Loan Servicing Expense 6,004,889
 28. Professional and Outside Services 11,842,658
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 514,506
 31. Miscellaneous Operating Expenses 21,754,439
 32. TOTAL NON-INTEREST EXPENSE 731,078,281
33. NET INCOME (LOSS) 419,078,521
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 Loans7.75309,149$819,721,224
 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 loans10.75281,296$1,500,415,495
 5. New Vehicle Loans3.9536,331$819,198,259
 6. Used Vehicle Loans3.95191,514$2,329,659,759
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.0031,943$42,991,498
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.25151,219$18,589,369,925
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property2.7526,930$662,488,190
 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 & LEASES1,028,382$24,763,844,350
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date226,974$9,035,903,898
  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 Staff930$43,419,831
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