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Routing Number: 253177049
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SECU Financial Status

Review our 12-month financial summary.

2025 quarterly financial summary

State Employees’ Credit Union (SECU) remains in strong financial condition. Loans, capital, and deposits grew over the past twelve months. In addition, delinquencies increased but remained manageable. 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 2024April 2025ChangeAdditional information
Assets1$55.7 billion$55.6 billion↓ $0.1 billionLess than 1% Decline
Loans$33.7 billion$35.7 billion↑ $2.0 billion6% Growth
Deposits$45.9 billion$50.1 billion↑ $4.2 billion9% Growth
Capital$5.34 billion$5.53 billion↑ $199 million4% Growth
Loans/deposits74%72%2% lowerN/A
Loans charged off0.70%0.65%0.05% lowerMember loan losses have remained at less than 1%.
3+ Month Delinquency21.03%1.25%0.22% higherLoan delinquencies have risen as members experience financial difficulties.
Additions to Capital Reserves during the 12-Month Period$256 million$199 million$57 million lowerContributions to capital reserves decreased from last year. SECU continues to maintain substantial reserves and meet regulatory requirements.
Expenses to assets2.15%2.24%0.09% higherThe operating expense ratio increased due to investment in resources to benefit our members.

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.
 

Disclosures

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  1. Asset balance in April 2025 reflects the repayment of the short-term borrowing totaling $5.0 billion from the Bank Term Funding Program.
  2. 3+ month delinquency is expressed as a percentage of outstanding loans.