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State Employees' Credit Union (NC)

Popular Accounts at this Credit Union

1.75%5-year CD60 Months Share Term Certificate
1.00%1-year CD12 Months Share Term Certificate
0.75%SavingsShare Accounts

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

Open to the current and retired employees of North Carolina state, public schools, the county departments of mental health, human services, social services, and civil defense, as well as the National Guard members and the household and/or family members of current credit union members.
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I have never had any problems with this credit union. They charge $1.00 per month and that is it for checking accounts. Even the NSF charges are small. They also have good loan products and a large presence around North Carolina. Much better then any bank.

Very happy with this credit union

Posted by: JazzyF | Mar 8, 2015

The products are what really makes it stand out above the rest. They have very low fees for checking accounts and free savings accounts. They have many additional perks for members including free money order purchases for gold members (members over 50), free notary usage, and my personal favorite the free coin to dollar machines. I have saved a substantial amount of money by bringing my change here to be converted rather than going elsewhere and paying 8% or more. Overall I have found this credit union to be very beneficial and the call center customer service is excellent. The customer service at my local branch is good, but employees could at least seem happier. All in all I am very pleased.

Strong Customer Service, High Interest Rates

Posted by: TerryB. | Apr 26, 2014

I have often found that my experience with SECU has been pleasant. I have found that their staff is eager to please and I always feel that I can trust them with my money. I do feel that their interest rates are high in regards to personal and auto loans.

professional and courteous

I have been a member of this credit union for about 10 years. I am very pleased with their loan programs, particularly the payday loans. They are setup to help customers overcome their financial difficulties. The customer service at the call center is very friendly and helpful. The only complaint I have is that after going to the same location for 4 years, it seems as though the employees would call me by name, but they don't. They get right down to business, no small talk. The website is great though, very easy to navigate. Overall, I am very pleased with this bank.



Health Grade Components

NCUA #66310
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD1.25%
Return on Equity - YTD15.68%
Annual Interest Income$235.3MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$33.32B$30.53B
LoansQ1 2016vs Q1 2015$18.65B$16.99B
DepositsQ1 2016vs Q1 2015$30.44B$27.94B
Equity CapitalQ1 2016vs Q1 2015$2.60B$2.34B
Loan Loss AllowanceQ1 2016vs Q1 2015$225.9MM$210.5MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$294.5MM$175.3MM
Real Estate OwnedQ1 2016vs Q1 2015$8.8MM$9.9MM
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State Employees' Credit Union (NC) Savings Account Rates

1.51%$25-Traditional IRA
1.51%$25-Coverdell Education Savings Account (CESA)
1.51%--Health Savings (HSA)
1.51%$25-Roth IRA
1.51%$25-SEP IRA
1.00%--Summer Cash
0.75%$25-Share Accounts
0.75%--Holiday Cash Club
0.75%--FAT CAT Share

State Employees' Credit Union (NC) Money Market Rates

1.01%$250-Money Market

State Employees' Credit Union (NC) Checking Account Rates

0.25%--Checking (Share Draft)

State Employees' Credit Union (NC) CD Rates

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

State Employees' Credit Union (NC) has 260 locations. Click to view all State Employees' Credit Union (NC) locations.