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State Employees’ Credit Union (SECU) remains in strong financial condition. Assets, loans, capital, and deposits grew over the past twelve months. SECU members benefited from solid financial results which continue to provide for a safe and sound institution.
Below is a summary of some of the financial highlights over the past twelve months:
April 2025
April 2026
Change
Additional information
Assets
$55.6 billion
$60.2 billion
↑ $4.6 billion
8% Growth
Loans
$35.7 billion
$37.7 billion
↑ $2.0 billion
6% Growth
Deposits
$50.1 billion
$54.2 billion
↑ $4.1 billion
8% Growth
Capital
$5.53 billion
$5.98 billion
↑ $449 million
8% Growth
Loans/deposits
72%
70%
2% lower
N/A
Loans charged off
0.65%
0.69%
0.04% higher
Member loan losses have remained at less than 1%.
3+ Month Delinquency1
1.25%
1.25%
No change
Loan delinquencies remain manageable.
Additions to Capital Reserves during the 12-Month Period
$199 million
$449 million
$250 million higher
Contributions to capital reserves increased from last year. SECU continues to maintain reserves to support asset growth and meet regulatory requirements.
Expenses to assets
2.24%
2.09%
0.15% lower
The operating expense ratio decreased due to lower growth in expenses.
SECU remains safe and sound. Deposits held at SECU are insured by the National Credit Union Administration (NCUA).
We will continue working to help you with your financial goals, and thank you for the opportunity to serve you.
SECU Financial Statements are available upon request at your local branch.
Additional information is available in our Annual Reports.
