Dec, 31, 2023 — SELF-HELP FEDERAL CREDIT UNION is a federal credit union headquartered in DURHAM, NC with 37 branch locations and about $2.09 billion in total assets. Opened 16 years ago in 2008, SELF-HELP FEDERAL CREDIT UNION has about 100,997 members and employs 381 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 W Main St DURHAM, NC 27701-3215 |
| Phone: | (919) 956-4600 |
| Fax: | |
| Website: | https://www.self-helpfcu.org |
| Branches: | 37 branch locations |
| Members: | 100,997 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24802 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 2008 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,093,454,414 |
| CEO/Manager: | Martin D Eakes |
| Chairperson: | Raul Raymundo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 462,563,783 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,327,707,315 |
| Unsecured Loans | 26,528,352 |
| Other Loans | 130,183,417 |
| TOTAL LOANS | 1,484,664,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,891,614 |
| Land And Building | 56,292,442 |
| Other Fixed Assets | 11,856,058 |
| NCUSIF Deposit | 12,757,833 |
| All Other Assets | 574,338 |
| TOTAL ASSETS | 2,093,454,414 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 89,865 |
| Notes & Interest Payable | 11,890,000 |
| Accounts Payable & Other Liabilities | 44,658,221 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 409,250,000 |
| Share Drafts | 252,568,789 |
| Regular shares | 414,255,030 |
| All Other Shares & Deposits | 794,667,941 |
| TOTAL SHARES & DEPOSITS | 1,461,491,760 |
| TOTAL LIABILITIES | 1,927,379,846 |
| Regular Reserve | 0 |
| Other Reserves | 20,062,639 |
| Undivided Earnings | 146,011,929 |
| TOTAL EQUITY | 166,074,568 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,093,454,414 |
| INCOME & EXPENSE | |
| Loan Income | 86,044,793 |
| Investment Income | 22,715,429 |
| Other Income | 3,371,044 |
| Total Employee Compensation & Benefits | 31,593,033 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,369,831 |
| Non-operating Income & (Expense) | 3,960,675 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,427,655 |
| Cost of Funds | 28,669,220 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 37,100,015 |
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