✅ Dial In Toll Free Number: 1 (984)-204-1487
Access Code: 757767261#
✅ Excerpt from Administrator Ray's analysis of North Carolina credit unions (see VIII, e). Note that the one-third+ jump (+34.20%) in delinquent loans is occurring primarily at SECU and not at other N.C. state-chartered credit unions (up only 14.14%, when SECU is excluded). Hard for SECU to keep blaming "the Fed" and "the economy", when other peer N.C. credit unions are faring far better. Some other problem clearly exists.
|
Including SECU |
4Q 2022 |
4Q 2023 |
Change |
|
Loans |
$33,782,423,352 |
$37,909,792,862 |
12.22% |
|
Delinquent Loans |
$590,786,406 |
$792,855,382 |
+ 34.20% |
|
Loans Subject to Bankruptcy |
$99,978,544 |
$109,251,782 |
9.28% |
|
|
|
|
|
|
Excluding SECU |
4Q 2022 |
4Q 2023 |
Change |
|
Loans |
$4,079,930,954 |
$4,375,056,111 |
7.23% |
|
Delinquent Loans |
$34,614,519 |
$39,509,739 |
+ 14.14% |
|
Loans Subject to Bankruptcy |
$3,381,020 |
$3,695,298 |
9.30% |
