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State Employees' Credit Union (NC)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.25%5-year CD60 Months Share Term Certificate
1.50%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.
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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.

Great Credit Union to work with and meet all your needs.

I love my credit union account. I got a referral from my aunt to get my account. I recently had an issue with a security breach in which my account was hacked and transactions were fraudulently authorized without my consent to the tune of $1000. As soon as I notified my credit union branch about it they jumped on my case discovered it was indeed fraud and had my money back to me in a matter of a few days. I was extremely freaked out at first thinking I wasn't gonna be able to receive my money back but my account fraud protection that I didn't know about and it covered it. The credit union gave me money back no questions asked about it at all.

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.

Satisfactory

Having an account with the credit union is satisfactory. They give an acceptable amount of interest and the fees, if any, are nominal. I like having the comfort zone of being able to get a signature loan quickly and easily. Convenient and many locations are always where I am and I usually do not have to wait in line long for a teller. I do wish they had a night depository because sometimes I just want to drop off a check after hours. They do not have any place to make a deposit unless I do it at the ATM, which I prefer not to use. One thing that upset me is that when I got the QDRO during the divorce there was no one to help me invest it. There should have been a representative there eager to help me manage my money. I am glad they have free notary, but they should also have a rep that can help me do a will or set up a trust or power-of-attorney. I'd even pay for these services and was disappointed that they were not even offered. I had to take time, and pay too much money, to find and use other resources to get the paperwork done. I do like the fact that my children can open up an account here based solely on the criteria that I have a credit union account.

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Health

Health Grade Components

Overall
NCUA #66310
Year Chartered1937
Employees6450
Primary Regulator
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD9.44%
Annual Interest Income$1.16B
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$37.32B$35.03B
LoansQ4 2017vs Q4 2016$21.69B$20.14B
DepositsQ4 2017vs Q4 2016$34.05B$32.03B
Equity CapitalQ4 2017vs Q4 2016$2.92B$2.70B
Loan Loss AllowanceQ4 2017vs Q4 2016$227.4MM$222.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$416.4MM$343.6MM
Real Estate OwnedQ4 2017vs Q4 2016$8.3MM$6.4MM
Rates
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State Employees' Credit Union (NC) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.77%$25-IRA Savings - Variable Rate
1.77%$25-Coverdell Education Savings Account (CESA)
1.77%--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)
0.25%--Zard Checking

State Employees' Credit Union (NC) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$250-60 Months Share Term Certificate
2.00%$250-36 Months Share Term Certificate
2.00%$250-48 Months Share Term Certificate
1.75%$250-24 Months Share Term Certificate
1.75%$250-30 Months Share Term Certificate
1.50%$250-12 Months Share Term Certificate
1.50%$250-18 Months Share Term Certificate
1.25%$250-6 Months Share Term Certificate
Locations

Availability



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