1. 3+ month delinquency is expressed as a percentage of outstanding loans.
| August 2023 | August 2024 | Change | Additional information | |
|---|---|---|---|---|
| Assets | $50.8 billion | $57.0 billion | ↑ 6.2 billion | 12% growth |
| Loans | $32.3 billion | $34.3 billion | ↑ $2.0 billion | 6% growth |
| Deposits | $45.0 billion | $46.7 billion | ↑ $1.7 billion | 4% growth |
| Capital | $5.19 billion | $5.39 billion | ↑ $195 million | 4% growth |
| Loans / deposits | 73% | 74% | 1% higher | |
| Loans charged off | 0.46% | 0.67% | 0.21% higher | Member loan losses have risen but have remained at less than 1%. |
| 3+ month delinquency1 | 0.89% | 1.20% | 0.31% higher | Loan delinquencies have risen as members experience financial difficulties. |
| Additions to Capital Reserves during the 12-Month Period | $514 million | $195 million | $319 million lower | Contributions to capital reserves decreased from last year. SECU continues to maintain substantial reserves and meet regulatory requirements. |
| Expenses to assets | 2.32% | 2.16% | 0.16% lower | The operating expense ratio decreased due to an increase in assets and lower growth in expenses. |