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SECU Financials Test Positive Under Stress

The $29B State Employees CU says its ready for NCUAs stress testing procedure.

By Michael Muckian | Updated on December 12, 2014

After two months, three outside consultants and about $1 million in consulting fees, the $29.1 billion State Employees’ Credit Union in Raleigh, N.C., said it is ready for the rigors of NCUA-mandated stress testing.

SECU, one of five credit unions with more than $10 million in assets required by the NCUA to undergo stress testing similar to that applied to banks, undertook its own testing to create benchmarks against which the regulator’s test can be measured.

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