# STATE EMPLOYEES'
RALEIGH, NC · NCUA charter 66310 · asset band >$10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/state-employees-66310

Who the members are: state charter, organized 1937. 2,978,851 members of 2,978,852 potential (100.0% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $59.76B |
| Members | 2,978,851 (3.6% YoY) |
| Full-time staff | 7672 |
| Net worth | $5.97B |
| Net worth ratio | 10.0% (p46 of band) |
| ROA (annualized) | 0.64% (p46 of band) |
| Total delinquency | 1.44% (p92 of band) |
| Net charge-offs (annualized) | 0.74% (p54 of band) |
| Loans / shares | 71% (p17 of band) |
| Cash / assets | 5.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.84% (p29 of band) |
| Operating expense / assets | 2.14% (p25 of band) |
| Vehicles % of loans | 10% (p17 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p6 of band) |
| Vehicle delinquency | 1.64% (p92 of band) |
| Vehicle NCO | 2.53% (p100 of band) |
| Repossessed % of vehicle book | 0.09% (p42 of band) |
| Real estate % of loans | 79% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 27% |
| Certificates % of member funds | 32% |
| Average share balance | $8,636 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $31,205 |
| Loans granted, annualized | $9.82B |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, delinquency 2x band |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | net worth falling |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 2 |  | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | delinquency rising |  |
| 2020-06 | 3 | net worth falling | delinquency rising |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 1 |  | thin capital |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 | assets shrinking | delinquency 2x band |
| 2023-06 | 2 | delinquency 2x band |  |
| 2023-09 | 1 |  | assets shrinking |
| 2023-12 | 3 | net worth falling, leaning on borrowings |  |
| 2024-03 | 5 | margin squeeze, delinquency rising |  |
| 2024-06 | 4 |  | delinquency rising |
| 2024-09 | 3 |  | margin squeeze |
| 2024-12 | 1 |  | net worth falling, leaning on borrowings |
| 2025-03 | 0 |  | delinquency 2x band |
| 2025-06 | 1 | delinquency 2x band |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 | net worth falling | delinquency 2x band |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-18 [$59 billion State Employees’ Credit Union signs with Corelation, selecting the KeyStone core to enhance its member service experience - CUInsight](https://news.google.com/rss/articles/CBMigAJBVV95cUxOYVdreEQwYUZQZ0dneGlyUGxxdUFyakE2d1VNMktJQkhoTGdLVVcwMUhOTExtdnNXTTg0Q2dOOE9QckJSMlY3SjMzckhVUXFQdmRYekxWbXJQTDFveXptaU16VnVSanRZWk9feEhnVHNyTmdQS2FBUkgyTkRscEFpNllJQU5WZVIzd3VjRklldmgzSHV6NzJSRGU2VWpvUUVmZ3h5R0tzZ1ZXUjFUTzI5V0JVTVdpNWNZNHg5Q0xNVlBNOUZLR2RLc2NFMTc3SlJXQnlYdFhGMUpNVlYxb1hvd0xPcVZhMDZyUU9iNTJTWW43Y2ZoOFdWek1ubEJBbTJB?oc=5) · CUInsight
- 2026-09-08 [54 Credit Union Leaders Earn CUDE Designation - cutoday.info](https://news.google.com/rss/articles/CBMiigFBVV95cUxOZVpnbEstUFVkSDRERlRkaWlLX240b3pWSm1DMTN4VW83REFRZzFMU2w5eDcxSGVhRVdnSlk1c3pMcmJtWk5OeUVvb0tLMWVoT3FRNElON1pPM21aZGR0eEI0SWhUY0wtN0lSSDFsSmJBcDQxenBmZFJSbzhNT2tmTFdZTXphWUZtN0E?oc=5) · cutoday.info
- 2026-09-03 [State Employees’ Credit Union begins conversion of Graham’s former BB&T bank building - alamancenews.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxQaWlPQThDZkhLN2NtbjROR1JLMlBNRWlzYVBoaXp1aEJVQm5jZGwzLThuMWdRQmZkcGU0M1VfWlNTQ01FYXllUzdHX1NtUzdjWWZTeERreUtqdHpNeDFoY1MtRF9PcW1XeGNPdHNTQ2RqVUcyOWxiazUxYzVfWUMzWUhmbWl2SThCS0w5ajFYbWpBdHdIcEktbDJNZFEzOWpjYWpFVkJLdGZBQ3Rw?oc=5) · alamancenews.com
- 2026-05-21 [State Employees' Credit Union adopts Corelation's Keystone core processing infrastructure - fintechfutures.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxOTDl1aWd1Wlc2QTFkRExOQ1Q5T2NlYXFkV0xXb0FDay02dGM2VnlkaFlYYnFTOFhzQ2ZLYTVDd2FfVThoVmtQS2NZRTAyU1VWNVJFM1ZEUHFtalZfVlVHUDRuZ1RrX2lYSTJMNktjOUtvY0pIU0o2S2RoakxBQkJPdXgweVVEcWVoWWI2YzdBSlBvQW55eTBDaTZZN0VrYVFDTm1DSVZhVGNVYW5NVWk1V2FTU2ktdw?oc=5) · fintechfutures.com
- 2026-01-23 [Service restored for State Employees Credit Union members - WRAL](https://news.google.com/rss/articles/CBMijgFBVV95cUxQY2hHU1BVODRSRVpNOGNrR0pPdmEzYnBhQjNYTkFvX1VCRDFsd0tRMXVNdFJ1Z01mNmNGcHFPNTJNd0dQX19lLTBieVprcDZsNm9VV1pMaUV5dWZDbEZKSjJzZU9nUzZLZ0JIVDF4UHRfdUxpUE1BZWJqcE10X212MlgyNWdyVHJGcjJWXzBR?oc=5) · WRAL
- 2026-06-03 [State Employees’ Credit Union Mortgage Review 2026 - NerdWallet](https://news.google.com/rss/articles/CBMikAFBVV95cUxOeFU5V0xzYjlYU2xCXzVyc0hFc053cnVxZ2d3alRmTmRvNW9POVlQQU9kSEJOaVZwaE5FdmJKOFkwcW5wTjZlMHJWZVZHejd5M2NaSnVkYmtmVDNLYWtuSGlOOFNhNFlzRTdmbG52dURMdEFHc0ZDc0lyVE9XNS1TOHJjMnZsVi1OZnFfa3p6QkQ?oc=5) · NerdWallet
- 2026-03-31 [Power List interview: Leigh Brady - Business North Carolina](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9RWnNCd0FpaTRXdmQ2Rlk1R3c4VG9SUEdGVlN6a2JyMU96TlBXMGlVeFF1X1RzVGdoTV9PSVZFQ1hUUkVnRDlYT1phLU5hRm5RWWNNeU95U1Budi1Xekg2WDFaVHNjMXc?oc=5) · Business North Carolina
- 2026-08-09 [State Employees /NC Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE95QlZPckU2dVBtemsybUFHM2oyUTJyNVlLUjRZUi1vRGJCZldBOU1CeHRpUVMzUlpFcFBTTEFSMjhCV0RhY0pvNWpEUndYQXpFZDZ0Wld1RDczdGpxOEVDX1kwMGRXb0lXemFXWDhWRXk0dUdK?oc=5) · reveliolabs.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66310 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/6.json (key "66310", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=66310
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide