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State Employees Credit Union

State Employees Credit Union is a full-service credit union that exists for only one purpose: To help in the achievement of each member’s financial goals, dreams, and aspirations. At State Employees Credit Union, they treat you as if you own the place, because you certainly do!

Background Information On State Employees Credit Union

  • State Employees Credit Union was founded in Baltimore in the year 1951and SECU became the largest state-chartered credit union in the state of Maryland and is ranked 49th in terms of total assets in the United States (Ranking is based as of June 30, 2006 and was published in the Credit Union Directory 2007 edition by the Callahan Associates.)
  • SECU total assets were $1.75 billion USD as of November 2008.
  • State Employee Credit Union are dedicated to offering every of its members the very best accounts and services that are available. After all, SECU is your credit union. Why do you still have to settle for anything less?
  • It is State Employees Credit Union’s pleasure to its serve more than 248,000 members.

Current State Of The SECU

State Employees Credit Union or SECU is a state credit union headquartered in Raleigh, North Carolina which was chartered and regulated under the authority of the National Credit Union Administration or NCUA of the United States of America federal government.

State Employees Credit Union is the second largest and biggest natural member credit union all over United States, both in asset size and in membership number. As of 2009, State Employees Credit Union has $18.4 billion USD in total assets, 1.5 million in total current members, and 225 branch locations. Membership in the State Employees credit union is limited to employees of the North Carolina state and their families as well.

State Employees Credit Union History

State Employees Credit Union or SECU was originally incorporated on June 4, 1937 by the employees of the State of North Carolina. The credit union started with only $437 USD in assets and with only 17 members; the first operation took place in the basement of Raleigh’s Agriculture Building. By the year 1960, the State Employees Credit Union grew and developed to serve more than 70,000 members and had total assets of almost $25 million during that time.

The State Employees Credit Union Foundation In The Community

The State Employees Credit Union is not only focused on giving financial services to its members but is also active in social awareness such as actively participating in the promotion of the development of the entire communities of North Carolina. It has built a foundation that funds various projects like health care, education, and housing.

In 2009, State Employees Credit Union has announced a $4 million USD worth of grant to the North Carolina Museum of Natural Sciences. This grant was given for the NCMNS planned Nature Research Center.