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Featured Accounts

State Employees' Credit Union (NC)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.75%5-year CD60 Months Share Term Certificate
1.00%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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NC SECU Review

Posted by: sel94 | Dec 5, 2016

NC SECU is a great credit union. When setting up accounts, it's very easy to just walk into a branch and ask to speak to a banker. I've had a checking and a savings account with them for about 5 years now, and I just recently opened up an IRA to start saving for retirement. Every time I go in to talk to a banker, regardless of which branch I'm at, I'm always greeted with a smile and everyone is super helpful. They don't try and push other products/services on me while I'm there, and they always provide adequate answers to my questions. It's very helpful that a lot of their ATMs are located not only at the branch, so I can withdraw cash easily. They do not charge very high fees and they have reasonable interest rates. I also like that I can bring in my jars of loose change to the coin sorter machine, and deposit all of my coins directly into my account or ask for cash back.

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.

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.

DONT EVER USE ATM DEPOSIT

Their ATM jammed mid-deposit. I called. THey said someone was on their was to clear the jam, they'd balance the machine and I would have my funds available in a few HOURS. (I was on my way shopping and now couldnt go). They never made the funds available. I called and talked to 4 people who gave me the runaround-should have been deposited when machine was balanced. Money will be held until NEXT WEEK. I have NO money, and no one cares. It is on "hold" until next week. I can'g grocery shop to feed my family. It was all the money I had. No one I spoke to on the phone cared at all that the only money I have is tied up due to their mistake. One rep said it happens regularly-WHAT? How can they hold MY money so my kids have to starve until next week? I'll be leaving this institution.

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Health
B+

Health Grade Components

Overall
NCUA #66310
Year Chartered1937
Employees6034
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD8.5%
Annual Interest Income$712.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$34.30B$31.16B
LoansQ3 2016vs Q3 2015$19.71B$17.94B
DepositsQ3 2016vs Q3 2015$31.35B$28.48B
Equity CapitalQ3 2016vs Q3 2015$2.66B$2.43B
Loan Loss AllowanceQ3 2016vs Q3 2015$226.0MM$207.3MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$305.8MM$282.6MM
Real Estate OwnedQ3 2016vs Q3 2015$8.1MM$7.0MM
Rates
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State Employees' Credit Union (NC) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
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
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
Locations

State Employees' Credit Union (NC) has 261 locations. Click to view all State Employees' Credit Union (NC) locations.