Dec, 31, 2023 — SELF-HELP CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 36 branch locations and about $1.76 billion in total assets. Opened 41 years ago in 1983, SELF-HELP CREDIT UNION has about 89,110 members and employs 297 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SELF-HELP CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 W Main St DURHAM, NC 27701 |
| Phone: | (919) 956-4400 |
| Fax: | (919) 956-4600 |
| Website: | https://www.self-help.org |
| Branches: | 36 branch locations |
| Members: | 89,110 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66258 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1983 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,758,855,608 |
| CEO/Manager: | Martin D Eakes |
| Chairperson: | Deborah McKetty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 147,773,957 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,459,631,877 |
| Unsecured Loans | 17,497,342 |
| Other Loans | 60,143,807 |
| TOTAL LOANS | 1,539,304,336 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -47,813,447 |
| Land And Building | 25,778,315 |
| Other Fixed Assets | 30,945,677 |
| NCUSIF Deposit | 8,029,394 |
| All Other Assets | 46,475 |
| TOTAL ASSETS | 1,758,855,608 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 34,902 |
| Notes & Interest Payable | 2,724,525 |
| Accounts Payable & Other Liabilities | 38,332,043 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 301,000,000 |
| Share Drafts | 143,818,717 |
| Regular shares | 168,565,252 |
| All Other Shares & Deposits | 923,074,110 |
| TOTAL SHARES & DEPOSITS | 1,235,458,080 |
| TOTAL LIABILITIES | 1,577,549,550 |
| Regular Reserve | 0 |
| Other Reserves | 34,511,369 |
| Undivided Earnings | 146,794,689 |
| TOTAL EQUITY | 181,306,058 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,758,855,608 |
| INCOME & EXPENSE | |
| Loan Income | 78,387,884 |
| Investment Income | 9,277,179 |
| Other Income | 2,624,481 |
| Total Employee Compensation & Benefits | 24,432,469 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,710,667 |
| Non-operating Income & (Expense) | -253,359 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,012,430 |
| Cost of Funds | 25,373,022 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,343,262 |
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