Overview / Commentary
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.
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I have been banking with the North Carolina State Employees Credit Union since 2009, shortly after I married my husband, who also had an account there. We have a both a checking account and a savings account there. We have also been very happy with the services NCSECU provides, this being that we had moved from a joint account as Wells Fargo. We like that NCSECU does not pressure you into going digital, by not sending paper copies of your monthly statement, but rather sending full paper copies to our mailbox each month for both our checking and savings account. I like that I do not have to pay extra money though, to access my account online. I especially like that I can view digital copies of checks I have written, in case I forget what they were for. I earn interest on both my checking and savings accounts, and the money fees for having accounts there are very minimal and extremely reasonable. If I ever have a question on my account, I can call a toll-free number and they will get down to the bottom of it. One time, someone stole our account information and used it to buy college textbooks. When I called it into question, SECU immediately refunded the money. I also like that they double check any strange or different checks I bring them to ensure it is not a scam that I might get charged for. My only complaint is that they prefer to do in-house business with you at the specific bank you opened your account at - which is not always convenient for me.

Good and reliable credit union

I have banked with the State Employees Credit Union for a little over 10 years and I really enjoy it. I switched over when my last bank started charging high fees for checking accounts unless you met the minimum balance. State Employees Credit Union only charges $1 per month and it goes to charity so I am okay with that fee. I also get great interest rates on loans and credit cards through the State Employees Credit Union. I have always had great customer service at their branch locations. One of my friends even works for them and it sounds like a very good place to work.

My only issue is that I have to drive about 15 minutes to the nearest branch location. I wish they had more branch locations, but I'm willing to drive occasionally for a great credit union.

Local Credit Union Satisfies All Needs

Posted by: Prepblerbi | Apr 3, 2018

I use a local credit union, SECU, for all of my banking needs. SECU has all of the products necessary to do all of my banking with them. They have a vast array of deposit accounts; checking, savings, money market, and holiday cash savings programs. The SECU also has multiple loan options, these include mortgages, car loans, personal loans, and payday loans. I have used multiple deposit accounts and have held all loan options except the mortgage. I have had nothing but good experiences. The staff is down to earth and constantly wants to be helpful. I wouldn't choose to bank anywhere else, they are more like family than a bank.

NCSECU Banking Experience

Posted by: jodietyler | May 5, 2018

For the most part I have had a pleasant experience working with this bank. They are always attentive and helpful, rates are great, and no hidden fees. If I had to improve on anything it would be the addition of an App for mobile check depositing as the drive to the bank is out of the way.
One issue I did have with this bank was when it was time to get new cards because the one I had were expiring. The cards had been mailed out a month prior to my call to customer support and only one of the two had come in. We had recently had issues with mail being stolen out of not only our, but our neighbors mail was being stolen. I called into customer support to request new card for the one that had not yet arrived. Instead of issuing a new card for the new card, they canceled the new card I had received, and issued a new one. When I realized this I was in the grocery store trying to buy groceries and was beyond frustrated. I had to call in again and get the other card canceled and sent out, and they promised to undo the cancellation of the good card...it didn't get undone and I still had to wait another 2 weeks to have cards that worked.



Health Grade Components

NCUA #66310
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD8.99%
Annual Interest Income$1.34B
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$38.81B$37.32B
LoansQ4 2018vs Q4 2017$23.01B$21.69B
DepositsQ4 2018vs Q4 2017$35.28B$34.05B
Equity CapitalQ4 2018vs Q4 2017$3.17B$2.92B
Loan Loss AllowanceQ4 2018vs Q4 2017$256.9MM$227.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$446.1MM$416.4MM
Real Estate OwnedQ4 2018vs Q4 2017$5.8MM$8.3MM
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Always verify rates and promotions with the bank or credit union. We are not State Employees' Credit Union (NC); we are a rate comparison website and cannot provide official rates or promotions.

State Employees' Credit Union (NC) Savings Account Rates

2.53%$25-IRA Savings - Variable Rate
2.53%$25-Coverdell Education Savings Account (CESA)
2.53%--Health Savings (HSA)
1.65%--Summer Cash
0.75%$25-Share Accounts
0.75%--Holiday Cash Club
0.75%$5-FAT CAT Share

State Employees' Credit Union (NC) Money Market Rates

1.77%$250-Money Market

State Employees' Credit Union (NC) Checking Account Rates

0.25%--Checking (Share Draft)
0.25%--Zard Checking

State Employees' Credit Union (NC) CD Rates

2.80%$250-60 Months Share Term Certificate
2.65%$250-48 Months Share Term Certificate
2.55%$250-36 Months Share Term Certificate
2.40%$250-30 Months Share Term Certificate
2.30%$250-24 Months Share Term Certificate
2.10%$250-18 Months Share Term Certificate
2.05%$250-12 Months Share Term Certificate
1.90%$250-6 Months Share Term Certificate


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