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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: March 31, 2022.
Charter Number: 66310

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,151,325,183
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 12,107,261,289
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 10,194,154
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 12,176,019,861
 7. Held-to-Maturity Debt Securities 66,078,774
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 338,912
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 0
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 26,064,138,151
 17. Less: Allowance for Loan & Lease Losses 352,879,069
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 5,232,644
 20. Land and Building 1,070,807,963
 21. Other Fixed Assets 155,529,510
 22. NCUA Share Insurance Capitalization Deposit 418,925,223
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 53,143,594,783
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 6,261,139
 9. Accounts Payable and Other Liabilities 506,532,801
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 7,219,322,075
 12. Regular Shares 8,548,732,145
 13. Money Market Shares 24,030,405,858
 14. Share Certificates 4,569,770,400
 15. IRA/KEOGH Accounts 3,957,778,187
 16. All Other Shares 550,619,915
 17. TOTAL SHARES 48,876,628,580
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 48,876,628,580
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 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) 2,181,133,759
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,850,608,725
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 114,678,542
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 2,748,729
EQUITY:  
 33. Undivided Earnings 440,154,601
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 4,025,000,000
 37. Equity Acquired in Merger 1,794,977
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -12,452,969
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -700,324,346
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 53,143,594,783
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 287,477,649
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 26,522,429
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 314,000,078
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 29,572,733
 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 29,572,733
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 0
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 35,623,959
 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 2,852,553
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 225,266
 21. TOTAL NON-INTEREST INCOME 112,882,017
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 151,687,201
 23. Travel and Conference Expense 889,204
 24. Office Occupancy Expense 24,963,650
 25. Office Operations Expense 61,546,060
 26. Educational and Promotional Expenses 93,749
 27. Loan Servicing Expense 2,097,677
 28. Professional and Outside Services 5,212,679
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 185,500
 31. Miscellaneous Operating Expenses 7,471,905
 32. TOTAL NON-INTEREST EXPENSE 254,147,625
33. NET INCOME (LOSS) 143,161,737
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 Loans7.75315,058$869,130,438
 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 loans10.75283,173$1,549,055,752
 5. New Vehicle Loans3.9534,986$815,985,323
 6. Used Vehicle Loans3.95188,747$2,450,108,324
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.0028,107$39,742,722
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.25152,917$19,627,458,689
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property2.7527,827$712,656,903
 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 & LEASES1,030,815$26,064,138,151
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date78,186$3,716,248,421
  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 Staff955$48,850,846
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