SECU Q1 growth data summarize how SECU's balance sheet, member base, credit metrics, earnings, and net worth moved through the first quarter.
Highlights
- Assets: $59.8B at March 31, 2.82% from year-end and 7.88% from a year earlier.
- Loans: $37.9B, equal to 63.5% of assets.
- Member shares: $53.4B, with loan-to-share at 71.08%.
- Credit: delinquency was 1.44%; net charge-offs were 0.69% of average loans.
- Net worth: 9.98%; return on assets was 0.64%; year-to-date net income was $95M.
SECU Q1 growth narrative
NCUA 5300 Call Report data for charter 66310 show SECU reported $59.8B in assets, $37.9B in loans, and $53.4B in member shares at March 31.
The lending side accounted for 63.5% of assets, and the loan-to-share ratio was 71.08%. Those two measures give readers the basic balance-sheet context for comparing SECU with other large credit unions.
Credit and earnings metrics round out the Q1 view. SECU reported a 1.44% delinquent-loans-to-total-loans ratio, 0.69% net charge-offs to average loans, 0.64% return on assets, and $95M in year-to-date net income.
Net worth ratio, loan concentration, member-share growth, and credit costs should be read together because they describe different parts of the same cooperative balance sheet. None of those measures alone is the story; together they show how the quarter moved.
This series uses a straightforward format: highlights first, then the narrative around assets, loans, member shares, credit, earnings, and net worth. The goal is to make the Q1 call-report movement readable as a data update for industry readers.