State Employees Credit Union Raleigh, North Carolina
State Employees Credit Union is a state-chartered credit union headquartered in Raleigh, NC, established in 1937 (NCUA charter 66310), and it is regulated and insured by the NCUA. At Q2 2026 it reported 2,998,339 members and total assets of $59.97B (up 6.7% from Q2 2025), the largest of 56 credit unions headquartered in North Carolina. Its net worth ratio was 10.12% at Q2 2026, in the well capitalized band.
Also written as State Employees CU · Trade name filed with the NCUA: SECU
BankRegReports is independent of State Employees Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 66310
- Headquarters
- Raleigh, NC
- Established
- 1937
- Total assets, Q2 2026
- $59.97B
- Assets vs Q2 2025
- +6.7%
- Members, Q2 2026
- 2,998,339
- Net worth ratio, Q2 2026
- 10.12%
- Latest call report
- Q2 2026, NCUA 5300 · State Employees Credit Union call report
- Asset rank in state
- 1st of 56 in North Carolina
- Routing number
- 253177049
- Branches
- 286
It has 61,580 more members than on June 30, 2025 (+2.1%). Its net worth ratio was down 0.08 percentage points from 10.20% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $30.49B of $38.67B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 2.38% is above the 0.91% median of the 24 credit unions with $10B to $100B in assets for Q2 2026. Its 10.12% net worth ratio is below that band's 10.42% median.
Credit unions similar in size in North Carolina
Credit unions merged into State Employees Credit Union
Bcbsnc Credit Union (2016)
Frequently asked about State Employees Credit Union
How big is State Employees Credit Union?
At Q2 2026 it reported total assets of $59.97B and 2,998,339 members.
Where is State Employees Credit Union headquartered?
It is headquartered in Raleigh, NC, United States.
When was State Employees Credit Union founded?
It was established in 1937, per NCUA records.
Is State Employees Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 66310): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates State Employees Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is State Employees Credit Union well capitalized?
Its net worth ratio was 10.12% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is State Employees Credit Union's delinquency ratio?
Its delinquency ratio was 2.38% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is State Employees Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 72.30% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Raleigh, NC 27605
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1937
- NCUA Charter #
- 66310
- RSSD ID
- 1189117
- Members
- 2,998,339
- Potential members
- 2,998,340
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 24 credit unions with $10B to $100B in assets, as of Q2 2026. It is in the top quartile on 0 of 7 ranked measures and in the bottom quartile on 2.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.55% to 11.84% | 10.12% | 10.42% | 41st below |
| Return on assets Middle half of peers: 0.59% to 1.31% | 0.81% | 0.97% | 39th below |
| Return on equity Middle half of peers: 6.05% to 14.24% | 8.00% | 9.50% | 39th below |
| Net interest margin Middle half of peers: 2.90% to 3.44% | 2.90% | 3.17% | 25th bottom |
| Efficiency ratio Middle half of peers: 52.69% to 70.10% | 61.68% | 61.32% | 49th below |
| Cost of funds Middle half of peers: 1.69% to 2.02% | 2.02% | 1.88% | 26th below |
| Delinquency ratio Middle half of peers: 0.64% to 1.27% | 2.38% | 0.91% | under 10th bottom |
| Yield on assets Middle half of peers: 4.90% to 5.36% | 4.92% | 5.07% | 28th position only |
| Loan-to-share ratio Middle half of peers: 81.23% to 93.33% | 72.30% | 89.87% | 10th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$59.97B total assets against $56.20B; $53.49B total shares and deposits against $50.26B; $38.67B total loans against $36.61B.
$6.07B net worth against $5.65B.
10.12% net worth ratio against 10.20%.
72.30% loan-to-share ratio against 72.84%.
2.38% delinquency ratio against 2.22%.
0.81% return on assets against 0.98%; 8.00% return on equity against 9.65%.
2.90% net interest margin against 2.75%.
2,998,339 members against 2,936,759.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 10.12% | 0.81% | 2.38% | 72.30% |
| March 31, 2026 | 9.98% | 0.64% | 1.44% | 71.08% |
| December 31, 2025 | 10.10% | 0.72% | 2.63% | 72.64% |
| September 30, 2025 | 10.15% | 0.81% | 2.41% | 73.49% |
| June 30, 2025 | 10.20% | 0.98% | 2.22% | 72.84% |
| March 31, 2025 | 10.30% | 0.33% | 1.55% | 72.27% |
Scroll sideways to see every column.
Watch flags
Loans 60+ days delinquent exceed 2% of the loan book, well above the credit-union industry norm of under 1%. Sustained high delinquency erodes net worth through charge-offs. BankRegReports band vs the <1% industry norm.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.