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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: December 31, 2020.
Charter Number: 66310

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,230,724,132
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 7,498,451,928
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 7,530,156
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 12,568,190,348
 7. Held-to-Maturity Debt Securities 82,735,899
 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 15,000,000
 14. TOTAL INVESTMENTS 12,674,194,315
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 24,605,408,828
 17. Less: Allowance for Loan & Lease Losses 413,452,421
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 9,839,922
 20. Land and Building 1,067,257,332
 21. Other Fixed Assets 197,301,307
 22. NCUA Share Insurance Capitalization Deposit 378,832,231
 23. Intangible Assets 0
 24. Other Assets 127,530,748
25. TOTAL ASSETS 47,376,088,322
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 8,480,608
 9. Accounts Payable and Other Liabilities 412,784,499
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 6,079,651,269
 12. Regular Shares 6,004,155,430
 13. Money Market Shares 21,579,056,951
 14. Share Certificates 4,902,928,297
 15. IRA/KEOGH Accounts 4,067,560,802
 16. All Other Shares 492,063,139
 17. TOTAL SHARES 43,125,415,888
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 43,125,415,888
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 153,412,691
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 174,562,824
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 64,651,452
 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) 2,278,442,197
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,892,978,555
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 107,879,692
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 2,083,884
EQUITY:  
 33. Undivided Earnings 171,690,099
 34. Regular Reserves 1,845,000,000
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 1,748,000,000
 37. Equity Acquired in Merger 1,794,977
 38. Miscellaneous Equity 1,000,000
 39. Other Comprehensive Income (not already included in items 40 - 43) -21,661,342
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 83,583,593
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 47,376,088,322
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 1,197,974,003
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 150,358,807
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 468,679
 5. TOTAL INTEREST INCOME 1,348,801,489
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 282,425,791
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 10
 9. TOTAL INTEREST EXPENSE 282,425,801
 10. Provision for Loan & Lease Losses 201,137,892
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 865,237,796
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 106,921,340
 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) 200,212,599
 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) 5,670,956
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 6,746,556
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 2,037
 21. TOTAL NON-INTEREST INCOME 319,553,488
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 584,880,050
 23. Travel and Conference Expense 2,358,502
 24. Office Occupancy Expense 83,775,054
 25. Office Operations Expense 218,839,231
 26. Educational and Promotional Expenses 238,618
 27. Loan Servicing Expense 4,919,388
 28. Professional and Outside Services 13,336,986
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 671,550
 31. Miscellaneous Operating Expenses 27,696,044
 32. TOTAL NON-INTEREST EXPENSE 936,715,423
33. NET INCOME (LOSS) 248,075,861
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 Loans7.75298,406$797,738,818
 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 loans10.75281,220$1,440,493,514
 5. New Vehicle Loans4.5037,920$805,440,196
 6. Used Vehicle Loans4.50192,756$2,082,597,888
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.0028,352$43,311,673
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.88156,263$18,769,102,701
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property327,679$666,724,038
 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 & LEASES1,022,596$24,605,408,828
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date267,008$9,721,423,203
  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 Staff909$43,303,398
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