B
State Employees Credit Union
Raleigh, NC
Data as of
June 30, 2021
Risk Based
Capital Ratio
7.88
Leverage
Ratio
8.10
Return On
Assets
1.13%
Total
Assets
49.94B
Capital
3.92B
Total
Deposits
45.55B
Net
Income
277.75M
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Major Rating Factors: A current level of 6.8 percent of nonperforming loans to core capital contributes to the Excellent asset quality (7.6). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.6 on a scale of 0 to 10).
Other Rating Factors: Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Good (6.1) profitability. Good liquidity 5.9, driven by a liquidity ratio of 33.1 percent and a “hot money” ratio of 4.9 percent.
Asset Mix: Home mtgs (36%), consumer loans (11%), securities (0%), other (54%)
Asset Quality
Non-Performing Loans to Capital
6.84%
Non-Performing Assets to Assets
0.60%
Non-Performing Loans to Loans
1.21%
Loan Loss Reserves to Loans
1.65%
Charge-Offs to Average Loans
0.21%
5-Year Charge-Offs to Average Loans
0.38%
5-Year Asset Growth
8.29%
1-Year Asset Growth
10.51%
Profitability
Operating Profit to Average Assets
1.13%
Return on Equity
14.59%
Net Interest Spread
3.11%
5-Year ROAA (Return on Average Assets)
0.66%
Overhead Efficiency Ratio
63.00%
Liquidity
Liquidity Ratio
33.10%
Hot Money
4.86%
Corporate Info
Address
1000 Wade Avenue
Raleigh, NC 27605
Phone Number
(919) 839-5472
NCUA Charter Number
Weiss Ratings