State Employees Credit Union

State Employees Credit Union Locations
700 Patroon Creek Blvd
Albany, NY 12206
800-727-3328
www.sefcu.com

NCUA


State Employees Credit Union is headquartered in Albany and is the 7th largest credit union in the state of New York. It is also the 50th largest credit union in the nation. It was established in 1934 and as of December of 2012, it had grown to 739 employees and 238,885 members. State Employees Credit Union has a 4-star health rating.

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See Rates for: Checking | Savings | CD | IRA

State Employees Credit Union Checking Account Rates

ApyMinMaxProduct
0.00%$250-HSA Checking

State Employees Credit Union Savings Account Rates

ApyMinMaxProduct
0.45%--Preferred Plus Savings
0.45%$50k-Preferred Savings
0.45%$50k-IRA Share
0.45%$50k-Roth IRA Shares
0.10%--Education IRA Share Savings
0.10%--Holiday Savings Club
0.10%$25-Mint Share
0.10%$25-Boomer Club
0.10%$25-Smart Sense
0.10%$25-UTMA
0.10%--Owner's Choice

State Employees Credit Union CD Rates

ApyMinMaxProduct
1.00%--60 Month CD
0.95%--48 Month CD
0.70%--36 Month CD
0.70%--36 Month CD
0.50%--24 Month CD
0.50%--24 Month Add-On
0.50%$500-24 Month HSA
0.45%--30 Month CD
0.40%--18 Month CD
0.40%--Risk-Free Share CD
0.40%--18 Month Add-On CD
0.40%$500-18 Month HSA
0.20%--12 Month CD
0.20%--15 Month CD
0.20%$500-12 Month HSA
0.15%--3 Month CD
0.15%--6 Month CD
0.15%--9 Month CD
0.15%--10 Month CD
0.15%$500-6 Month HSA

State Employees Credit Union IRA Rates

ApyMinMaxProduct
1.00%--60 Month IRA
1.00%--60 Month CESA
1.00%--60 Month Roth IRA
0.95%--48 Month IRA
0.95%--48 Month CESA
0.95%--48 Month Roth IRA
0.70%--36 Month IRA
0.70%--36 Month CESA
0.70%--36 Month Roth IRA
0.50%--24 Month IRA
0.50%--24 Month CESA
0.50%--24 Month Add-On IRA
0.50%--24 Month Add-On CESA
0.50%--24 Month Add-On Roth IRA
0.50%--24 Month Roth IRA
0.40%--18 Month IRA
0.40%--18 Month CESA
0.40%--18 Month Roth IRA
0.20%--12 Month IRA
0.20%--12 Month CESA
0.20%--15 Month IRA
0.20%--12 Month Roth IRA
0.20%--15 Month Roth IRA
0.15%--6 Month IRA
0.15%--6 Month CESA
0.15%--10 Month IRA
0.15%--6 Month Roth IRA
0.15%--10 Month Roth IRA

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


STATE EMPLOYEES
NCUA #51
BankRate ReportView
Year Chartered1934
Employees739
Primary Regulator

Assets and Liabilities

Assets$2.50 billion
Loans$1.40 billion
Deposits$2.30 billion
Equity Capital$176.73 million
Loan Loss Allowance$17.66 million
Unbacked Noncurrent Loans$16.84 million
Real Estate Owned$3.82 million

Historic Data - December 2011

Assets$2.32 billion
Equity Capital$161.78 million
Loan Loss Allowance$16.95 million
Unbacked Noncurrent Loans$17.52 million
Real Estate Owned$1.64 million

Profit Margin - Quarterly

Net Interest Margin4.75%
Return on Assets0.59%
Return on Equity8.38%
Interest Income$85.71 million
Non-Interest Income$49.18 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2012 State Employees Credit Union had $20.65 million in non-current loans and owned real-estate with $194.4 million in equity and loan loss allowances on hand to cover it. This gives State Employees Credit Union a Texas Ratio of 10.62% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for State Employees Credit Union held steady from 10.72% as of December 31, 2011 to 10.62% as of December 31, 2012, resulting in a positive change of 0.89%.This indicates that the balance sheet and financial strength for State Employees Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, State Employees Credit Union has increased its total deposits by $192.61 million, resulting in 9.14% 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 has shown is excellent.
Capitalization2
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 has $2.5 billion in assets with $194.4 million in equity, resulting in a capitalization level of 7.77%, which is below average.
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