1. 3+ month delinquency is expressed as a percentage of outstanding loans.
| October 2023 | October 2024 | Change | Additional information | |
|---|---|---|---|---|
| Assets | $50.5 billion | $57.9 billion | ↑ $7.4 billion | 15% Growth |
| Loans | $32.8 billion | $34.6 billion | ↑ $1.8 billion | 5% Growth |
| Deposits | $44.7 billion | $47.5 billion | ↑ $2.8 billion | 6% Growth |
| Capital | $5.24 billion | $5.42 billion | ↑ $177 million | 3% Growth |
| Loans/deposits | 74% | 74% | No change | N/A |
| Loans charged off | 0.53% | 0.63% | 0.10% higher | Member loan losses have risen but have remained at less than 1%. |
| 3+ month delinquency1 | 1.01% | 1.41% | 0.40% higher | Loan delinquencies have risen as members experience financial difficulties. |
| Additions to Capital Reserves during the 12-Month Period | $447 million | $177 million | $270 million lower | Contributions to capital reserves decreased from last year. SECU continues to maintain substantial reserves and meet regulatory requirements. |
| Expenses to assets | 2.37% | 2.14% | 0.23% lower | The operating expense ratio decreased due to an increase in assets and lower growth in expenses. |