State Employees' Credit Union (NC)

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.00%	5-year CD	60 Months Share Term Certificate 2.25% - Bank of Internet USA 60 Month CD
1.25%	1-year CD	12 Months Share Term Certificate 1.50% - Ally Bank No Penalty 11-Month CD
0.75%	Savings	Share Accounts 1.20% - Goldman Sachs Bank USA Online Savings

View all State Employees' Credit Union (NC) rates »

Overview / Commentary

www.ncsecu.org

919-839-5000

119 N Salisbury St
Raleigh, NC 27603

State Employees’ Credit Union is a North Carolina-based, state chartered credit union, and one of the largest credit unions in the United States. It offers personal banking and loan products, as well as credit card and investment services to its membership, which consists of employees of the state of North Carolina and their employees.

SECU’s personal banking products include checking, savings, Money Market, Certificate, and Individual Retirement accounts. The credit union’s checking account offers a competitive interest rate and comes with a $1 per month maintenance fee that is automatically donated to the SECU Foundation. A debit card, online bill pay, and 50 checks per statement are included for free with the checking account. Education and health savings accounts are available and offer tax incentives on saving money for school and medical costs. SECU’s basic savings account is called a share account and offers a competitive rate of interest and no monthly service charges. The Money Market Share account is similar to the basic share account, but has higher minimum opening deposit and minimum balance requirements. Certificate accounts are available in term lengths ranging from 6 to 60 months and come with fixed interest rates. SECU also provides estate planning, insurance, and investment guidance and planning.

State Employees’ Credit Union online banking provides access to web-based banking services like bill pay, check image viewing, Quicken financial management integration, and transaction history monitoring. SECU has also optimized its website for mobile banking, making it convenient and easy for members to access and manage their accounts via a smartphone or tablet device. The credit union is part of the CashPoint ATM network, which is North Carolina’s largest ATM network.

SECU was founded in 1937 in Raleigh, North Carolina, where its headquarters remain today. The credit union operates hundreds of branches located across the state of North Carolina. Branches offer services like coin sorting, safe deposit boxes, savings bonds, and tax preparation.

Field of Membership Restrictions

Membership in State Employees' Credit Union is open to employees of the state of North Carolina, employees of public boards of education, Federal employees working with the North Carolina government, employees of associations formed for the benefit of state of North Carolina employees, County employees of Social Services, Health, Mental Health and Civil Defense, members of the North Carolina National Guard, and immediate family of current members.
See current membership details

Great Customer Service at SECU

Posted by: teresabooth2 | Sep 22, 2017

Recently while reviewing my bank accounbt with SECU I noticed that there were a couple online chanrges that I did not authorize. I immediately picked up the phone and called SECU customer service to explain the situation and find out more about the charges. The woman to assist was quick to go over the chrges on my account and determine what paperwork needed to be completed to file a claim for unauthorized charges to my checking account. She explained the process thouroghly and made sure I understood what would take place. Less than a week later the money was put back into my account and I had a new ATM card for the account at risk. It was a great customer service experience!

Comment

1

Great bank, terrible website

Posted by: tamikokirby | Sep 15, 2017

The State Employees Credit Union is a great financial institution. They have amazing customer service. Just recently, my son got his license. I decided since he would be going off on his pwn, he needed a debit card so needed to set up a checking account. We arrived at the branch and they took care of us right away. They were very nice, upfront, and let us know all the details. They kept my son engaged and encouraged him to ask questions. It only took about 10 min to set everything up. I was very pleased at how friendly, fast, and professional they were. I would recommend the SECU to anyone looking for a great financial institution. Years ago, I also set up my mother with an account with the credit union. She started a money market. This was before the crash of 2008-09. At the time, they had the best interest rates around and were paying 4.5% on their money market accounts. Once again, the process of doing this was smooth, fast, and professional. You can always count on having the best possible experience at the SECU.

Comment

1

This credit union is great

Posted by: Miraclersed | 2 hours ago

This credit union is excellent. They offer a variety of accounts to their customers. The accounts all have,competitive interest rates and provide a decent way to save money using a traditional savings or a CD account. The accounts are also attractive because there are no monthly or annual fees to maintain them. The customer service is excellent as well,whenever I have had a question or needed an issue resolved I can go into the branch and get a quick resolution. The only issue is that the website is a bit outdated and not as,functional as other banks. However, everything considered I am happy with my experience here. I would definitely recommend this bank to local customers who feel left out or otherwise not appreciated by some of the larger, more well known banks.

Comment

1

My checking account at the NC State Employees Credit Union

Posted by: Grindernick | Sep 17, 2017

I have been a member of the NC State Employees Credit Union for about 8 years now. I have a checking account with them as well as a savings account. I do not use my checking account often but I do use my savings. It is very convenient in that I can deposit money into my savings directly from my payroll check. Also, they are open until 5:30 Monday through Friday. That is helpful in that most people that are working for state or local agencies work until 5:00pm. This allows for not having to take off work or waste a lunch break on going to the bank. They utilize "Cash Points" ATMs which are located in many locations around my city as well as the entire state. You are never very far from an ATM, making it easy to have access to money when you need it. The only complaint I have is that their website and mobile banking isn't as friendly as some of the larger banks I have banked with. They don't offer mobile deposits which is something I utilize on a regular basis.

Comment

1

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Health

B+

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	66310
Year Chartered	1937
Employees	6277
Primary Regulator

Profit Margin
Return on Assets - YTD	0.74%
Return on Equity - YTD	9.53%
Annual Interest Income	$553.6MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$36.88B$33.79B
Loans	Q2 2017vs Q2 2016	$20.94B$19.20B
Deposits	Q2 2017vs Q2 2016	$33.73B$30.87B
Equity Capital	Q2 2017vs Q2 2016	$2.83B$2.63B
Loan Loss Allowance	Q2 2017vs Q2 2016	$228.4MM$224.3MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$325.8MM$293.5MM
Real Estate Owned	Q2 2017vs Q2 2016	$7.5MM$9.5MM

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