State Employees Credit Union

700 Patroon Creek Blvd
Albany, NY 12206
800-727-3328
www.sefcu.com

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State Employees Credit Union is headquartered in Albany and is the 7^th largest credit union in the state of New York. It is also the 48^th largest credit union in the nation. It was established in 1934 and as of December of 2011, it had grown to 715 employees and 220,587 members. State Employees Credit Union's savings rates are 15% higher than the national average, and it has a 4-star health rating.

4.05% Reward Checking Account at a New Mexico CU (State Employees) - 2/28/2008

Update 12/03/09: The yield has gone done to 4.05% APY. See bottom of the post for the rate history.State Employees Credit Union has started a reward checking account that pays 4.05% APY on balances up to $35,000 (1.25% for above) and refunds ATM fees if...

5.35% 15-Month / 5.25% 7-Month CD at a New Mexico CU (State Employees). - 12/5/2007

Update 12/29/07: These special CD rates have fallen. Please see the credit union's website for latest rates.State Employees Credit Union continues to offer its special 7 and 15-month share certificates. Rates have gone down since my October post, but...

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See Rates for: Checking | Savings | CD | IRA

State Employees Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.00%	$250	-	HSA Checking

State Employees Credit Union Savings Account Rates

Apy	Min	Max	Product
0.60%	-	-	Preferred Plus Savings
0.50%	$50k	-	Preferred Savings
0.50%	$50k	-	IRA Share
0.50%	$50k	-	Roth IRA Shares
0.20%	-	-	Education IRA Share Savings
0.20%	-	-	Holiday Savings Club
0.20%	$25	-	Mint Share
0.20%	$25	-	Boomer Club
0.20%	$25	-	Smart Sense
0.20%	$25	-	UTMA
0.20%	-	-	Owner's Choice

State Employees Credit Union CD Rates

Apy	Min	Max	Product
1.26%	-	-	60 Month CD
1.00%	-	-	48 Month CD
0.76%	-	-	36 Month CD
0.76%	-	-	36 Month CD
0.50%	-	-	18 Month CD
0.50%	-	-	24 Month CD
0.50%	-	-	30 Month CD
0.50%	-	-	Risk-Free Share CD
0.50%	-	-	18 Month Add-On CD
0.50%	-	-	24 Month Add-On
0.50%	$500	-	18 Month HSA
0.50%	$500	-	24 Month HSA
0.25%	-	-	3 Month CD
0.25%	-	-	6 Month CD
0.25%	-	-	9 Month CD
0.25%	-	-	10 Month CD
0.25%	-	-	12 Month CD
0.25%	-	-	15 Month CD
0.25%	$500	-	6 Month HSA
0.25%	$500	-	12 Month HSA

State Employees Credit Union IRA Rates

Apy	Min	Max	Product
1.26%	-	-	60 Month IRA
1.26%	-	-	60 Month CESA
1.26%	-	-	60 Month Roth IRA
1.00%	-	-	48 Month IRA
1.00%	-	-	48 Month CESA
1.00%	-	-	48 Month Roth IRA
0.76%	-	-	36 Month IRA
0.76%	-	-	36 Month CESA
0.76%	-	-	36 Month Roth IRA
0.50%	-	-	18 Month IRA
0.50%	-	-	24 Month IRA
0.50%	-	-	18 Month CESA
0.50%	-	-	24 Month CESA
0.50%	-	-	24 Month Add-On IRA
0.50%	-	-	24 Month Add-On CESA
0.50%	-	-	18 Month Roth IRA
0.50%	-	-	24 Month Add-On Roth IRA
0.50%	-	-	24 Month Roth IRA
0.25%	-	-	6 Month IRA
0.25%	-	-	12 Month IRA
0.25%	-	-	6 Month CESA
0.25%	-	-	12 Month CESA
0.25%	-	-	10 Month IRA
0.25%	-	-	15 Month IRA
0.25%	-	-	6 Month Roth IRA
0.25%	-	-	10 Month Roth IRA
0.25%	-	-	12 Month Roth IRA
0.25%	-	-	15 Month Roth IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

STATE EMPLOYEES
NCUA #	51
BankRate Report	View
Year Chartered	1934
Employees	715
Primary Regulator
Assets and Liabilities
Assets	$2.32 billion
Loans	$1.33 billion
Deposits	$2.11 billion
Equity Capital	$161.78 million
Loan Loss Allowance	$16.95 million
Unbacked Noncurrent Loans	$17.52 million
Real Estate Owned	$1.64 million
Historic Data - December 2010
Assets	$2.12 billion
Equity Capital	$149.84 million
Loan Loss Allowance	$15.03 million
Unbacked Noncurrent Loans	$9.41 million
Real Estate Owned	$500,000
Profit Margin - Quarterly
Net Interest Margin	4.84%
Return on Assets	0.53%
Return on Equity	7.58%
Interest Income	$87.05 million
Non-Interest Income	$43.06 million

Institution Health

Overall Score:

4 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 had $19.16 million in non-current loans and owned real-estate with $178.73 million in equity and loan loss allowances on hand to cover it. This gives State Employees Credit Union a Texas Ratio of 10.72% which is above 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 held steady from 6.01% as of December 31, 2010 to 10.72% as of December 31, 2011, resulting in a negative change of 78.32%. This indicates that the balance sheet and financial strength for State Employees Credit Union has held steady in recent periods.
Deposit Growth
In the past year, State Employees Credit Union has increased its total deposits by $177.57 million, resulting in 9.2% 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.
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 has $2.32 billion in assets with $178.73 million in equity, resulting in a capitalization level of 7.72%, which is below average.