The $29B State Employees’ CU says it’s ready for NCUA’s stress testing procedure.
It was George E.P. Box, the eminent statistician, who said, “Essentially, all models are wrong but some are useful.”
The $29B State Employees’ Credit Union has seven times the necessary funds to cover annual loan losses.
The nation's second largest credit union releases more financial data in anticipation of new NCUA rules.
Independent firm KPMG tracks deposits at the $29 billion State Employees’ Credit Union from 2002 to 2014.
State Employees’ CU outlines recent financial performance and its risk profile and risk management overview.
SECU makes room for another $25M worth of defaulted student loans for students who want to repair their credit.
North Carolina program helps fund loans that provide a second chance at repayment for borrowers who have defaulted on federal student loans.
Credit union will buy up to $25 million in federally guaranteed student loans from state agency in program that gives defaulters another chance.
An NCUA Office of Inspector General’s investigative report revealed that the federal regulator questions the safety and soundness of the $25 billion State Employees’ Credit Union, the nation’s second largest.