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The Tar Heels own several notable streaks in the history of college basketball. They appeared in either the NCAA Tournament or National Invitation Tournament (NIT) every year from 1967 to 2001. This includes 27 straight appearances in the NCAA tourney from 1975 (the first year that competition allowed more than one team from a conference to get a guaranteed bid) to 2001—the longest such streak in tournament history until it was broken by Kansas in March 2017. The Tar Heels also notched 37 straight winning seasons from 1964 to 2001, the third-longest such streak in NCAA history, behind UCLA's streak of 54 consecutive winning seasons from 1948 to 2001, and Syracuse's currently active streak of 46 seasons from 1971 to date. They also finished .500 or better for 39 years in a row from 1962 (Dean Smith's second year) to 2001, the third-longest such streak in NCAA history, behind Kentucky's streak of 61 consecutive seasons from 1926 to 1988 (the Wildcats were barred from playing in 1952–53 due to NCAA violations) and UCLA's 54-season streak.
In 1921, the school joined the Southern Conference. Overall, the Tar Heels played 32 seasons in the Southern Conference from 1921 to 1953. During that period they won 304 games and lost 111 for a winning percentage of 73.3%. The Tar Heels won the Southern Conference regular season 9 times and the Southern Conference Tournament Championship 8 times.