State Employees' Credit Union (NC)

State Employees' Credit Union (NC) Locations

1000 Wade Avenue
Raleigh, NC 27605
(888) 732-8562
www.ncsecu.org

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State Employees' Credit Union (NC) is headquartered in RALEIGH and is the largest credit union in the state of North Carolina. It is also the 2^nd largest credit union in the nation. It was established in 1937 and as of December of 2011, it had grown to 4,313 employees and 1,723,570 members. State Employees' Credit Union (NC)'s savings rates are 4X the national average, and it has a 3-star health rating.

NCUA Questions Safety & Soundness Of 2nd Largest Credit Union (Forum) - 5/17/2012

There has been a long-time dispute between the NCUA and the NC-based credit union, SECU, which is the 2nd largest in the nation. A lot of the dispute was related to SECU's disclosure of its CAMEL ratings. Now it has moved into a dispute about SECU’s

NCUA In Dispute With North Carolina Regulator And State Employees’ Credit Union (Forum) - 2/8/2012

From the Credit Union Times NCUA Chairman Debbie Matz said Wednesday the agency had no choice but to end its joint exams with North Carolina regulators because they “violated the trust’’ by allowing State Employees’ CU to release i

New Simple Checking Account Disclosure Form - How About CDs? - 12/16/2011

Today's New York Times Bucks blog reported that Chase and two large credit unions have adopted a new simplified checking account disclosure that had been proposed by the Pew Health Group, an arm of th ...

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See Rates for: Checking | Savings | Money Market | CD

State Employees' Credit Union (NC) Checking Account Rates

	Apy	Min	Max	Product
	0.25%	-	-	Checking (Share Draft)

State Employees' Credit Union (NC) Savings Account Rates

Apy	Min	Max	Product
2.02%	$25	-	IRA Savings
2.02%	$25	-	CESA Savings
2.02%	$25	-	Roth IRA Savings
2.02%	$25	-	SEP IRA Savings
1.77%	-	-	Health Savings
1.26%	-	-	Summer Cash
1.01%	$25	-	Share
1.01%	-	-	Holiday Cash Club
1.01%	-	-	FAT CAT Share
1.01%	$25	-	Z-Share

State Employees' Credit Union (NC) Money Market Rates

	Apy	Min	Max	Product
	1.01%	$250	-	Money Market

State Employees' Credit Union (NC) CD Rates

Apy	Min	Max	Product
1.75%	$250	-	48 Month CD
1.75%	$250	-	60 Month CD
1.50%	$250	-	36 Month CD
1.25%	$250	-	24 Month CD
1.25%	$250	-	30 Month CD
1.00%	$250	-	6 Month CD
1.00%	$250	-	12 Month CD
1.00%	$250	-	18 Month CD

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

STATE EMPLOYEES'
NCUA #	66310
BankRate Report	View
Year Chartered	1937
Employees	4313
Primary Regulator
Assets and Liabilities
Assets	$23.70 billion
Loans	$13.69 billion
Deposits	$21.70 billion
Equity Capital	$1.76 billion
Loan Loss Allowance	$191.81 million
Unbacked Noncurrent Loans	$518.23 million
Real Estate Owned	$44.09 million
Historic Data - December 2010
Assets	$21.46 billion
Equity Capital	$1.46 billion
Loan Loss Allowance	$181.22 million
Unbacked Noncurrent Loans	$308.09 million
Real Estate Owned	$20.56 million
Profit Margin - Quarterly
Net Interest Margin	3.29%
Return on Assets	0.83%
Return on Equity	11.12%
Interest Income	$711.46 million
Non-Interest Income	$243.67 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 State Employees' Credit Union (NC) had $562.32 million in non-current loans and owned real-estate with $1.96 billion in equity and loan loss allowances on hand to cover it. This gives State Employees' Credit Union (NC) a Texas Ratio of 28.76% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for State Employees' Credit Union (NC) increased slightly from 20.02% as of December 31, 2010 to 28.76% as of December 31, 2011, resulting in a negative change of 43.66%. This indicates that the balance sheet and financial strength for State Employees' Credit Union (NC) has declined slightly in recent periods.
Deposit Growth
In the past year, State Employees' Credit Union (NC) has increased its total deposits by $1.9 billion, resulting in 9.61% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth State Employees' Credit Union (NC) has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. State Employees' Credit Union (NC) has $23.7 billion in assets with $1.96 billion in equity, resulting in a capitalization level of 8.25%, which is average.