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State Employees' Credit Union (NC)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%5-year CD60 Months Share Term Certificate
1.25%1-year CD12 Months Share Term Certificate
0.75%SavingsShare Accounts

Overview / Commentary
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

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Just Like Family

I currently have a savings and checking account with State Employees Credit Union (SECU). I love the State Employees Credit Union (SECU). The tellers are very friendly and they always try to get you in and out when you are at the bank. I use the drive up teller also and the two tellers at the window always call my by name which lets me know they know me. I pay a $1.00 a month to bank with the credit union and I make that back with the interest on my accounts. Any time I have a problem or concern the staff are quick to get it handled. I also love that when I am out of town they will note the account so that I don't have any trouble making purchases. The State Employees Credit Union (SECU) really cares about it's members. I feel like I am family with the people at the State Employees Credit Union (SECU). I could not see myself banking anywhere else. I love them so much that I am currently looking into moving more of my accounts there.

State Employees Credit Union is great

I switched over to State Employees Credit Union because my last bank was going to start charging me fees on my checking account. You have to be a state employee to join but my mom works for the school system so she joined and then I was able to join as her daughter. I was able to set up a Savings and Checking account fairly easily. I like that I even get interest on my Checking account. Plus the only fee they charge me is $1 per month on my Checking Account and it goes towards charity so I'm okay with that.
I've liked SECU so much that I've set up other accounts because I find the interest rates are good and their staff is very helpful. I have a credit card that I never use through them, plus a Health Savings Account and a Money Market account. I've also looked into getting a car loan through them because their rates are decent.
I trust SECU with all of my money and have never had a bad experience with them. I would definitely recommend them to anyone who qualifies because of their customer service and great rates.

Very Happy With NCSECU!

I have been with North Carolina State Employee's Credit Union for the past twelve years. I have been nothing but happy with their services and would highly recommend them to anyone who is looking for a wonderful banking experience. I have had checking and savings accounts. I have always found the interest rates on their deposit accounts to be reasonable, and the customer service cannot be beat. I love the local feel to the branches and they are readily accessible in the Raleigh/Durham area where I lived when I opened the account.. My only complaint is that there is not ATM or branch access outside of Nc and I have recently moved to Virginia, that is true of many credit unions. Overall, I think NCSECU is simply wonderful and I intend to bank with them for a very long time!

NC Credit Union

I opened up a checking and saving account with the credit union about four years ago. It took an hour to do so, which I thought was a bit too long. However, the customer service representative answered all my questions and advised me of the many benefits of having an account with them. For instance, she said any member of my family could also open up an account with them, even if they were not employed by the state. She gave me forms to introduce me to the online banking and how to set up direct deposit of my paycheck. I got a ATM card with my picture on it, and they stored my picture in their database so I could do banking with them in person with just my social security number as information. Many times I've walked in without ID or a deposit form and got my business done by just punching in my social at the machine in front of the teller. All transactions have been accurate. I even went back last year when I got a lump sum and opened up a money market account. I had planned to put the money in a CD but the representative advised against it. Sure enough, soon I needed some of the money back so I would have hurt myself by having had the CD instead of a money market. Sometimes the lines are long, but the branches are convenient to me. I do wish they had a depository so I could drop off my deposits without going inside, though. The telephone reps don't seem as knowledge as the branch reps, but I never have to wait for long for someone to take my call.

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Health
B+

Health Grade Components

Overall
NCUA #66310
Year Chartered1937
Employees6375
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD9.36%
Annual Interest Income$851.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$37.08B$34.30B
LoansQ3 2017vs Q3 2016$21.38B$19.71B
DepositsQ3 2017vs Q3 2016$33.86B$31.35B
Equity CapitalQ3 2017vs Q3 2016$2.89B$2.66B
Loan Loss AllowanceQ3 2017vs Q3 2016$228.1MM$226.0MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$376.1MM$305.8MM
Real Estate OwnedQ3 2017vs Q3 2016$6.2MM$8.1MM
Rates
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State Employees' Credit Union (NC) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$25-IRA Savings - Variable Rate
1.51%$25-Coverdell Education Savings Account (CESA)
1.51%--Health Savings (HSA)
1.25%--Summer Cash
0.75%$25-Share Accounts
0.75%--Holiday Cash Club
0.75%--FAT CAT Share
0.75%$25-Z-Share

State Employees' Credit Union (NC) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$250-Money Market

State Employees' Credit Union (NC) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Checking (Share Draft)

State Employees' Credit Union (NC) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$250-60 Months Share Term Certificate
1.75%$250-36 Months Share Term Certificate
1.75%$250-48 Months Share Term Certificate
1.50%$250-24 Months Share Term Certificate
1.50%$250-30 Months Share Term Certificate
1.25%$250-12 Months Share Term Certificate
1.25%$250-18 Months Share Term Certificate
1.00%$250-6 Months Share Term Certificate
Locations

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