The Credit Union will be performing scheduled system maintenance during the evening of Saturday, May 3rd, starting at 9 PM. During this time, Mortgage Center and mortgage application processing will be unavailable. We apologize in advance for any inconvenience.
SECU Financial Status
Review our 12-month financial summary.
2025 monthly 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:
February 2024
February 2025
Change
Additional information
Assets1
$55.5 billion
$55.0 billion
↓ $0.5 billion
1% Decline
Loans
$33.3 billion
$35.2 billion
↑ $1.9 billion
6% Growth
Deposits
$45.8 billion
$49.6 billion
↑ $3.8 billion
8% Growth
Capital
$5.30 billion
$5.49 billion
↑ $182 million
3% Growth
Loans/deposits
74%
72%
2% lower
N/A
Loans charged off
0.69%
0.63%
0.06% lower
Member loan losses have remained at less than 1%.
3+ Month Delinquency2
1.08%
1.55%
0.47% higher
Loan delinquencies have risen as members experience financial difficulties.
Additions to Capital Reserves during the 12-Month Period
$303 million
$182 million
$121 million lower
Contributions to capital reserves decreased from last year. SECU continues to maintain substantial reserves and meet regulatory requirements.
Expenses to assets
2.16%
2.27%
0.11% higher
The 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.
