State Employees' Credit Union (NC)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | 5-year CD | 60 Months Share Term Certificate 2.25% - Ally Bank High Yield 5 Year CD |
| 1.25% | 1-year CD | 12 Months Share Term Certificate 1.40% - Synchrony Bank 12 Month CD |
| 0.75% | Savings | Share Accounts |
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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Great!
I have only encountered one problem in the 6-7 years I have had my account here. The problem is cashing a check from a Canadian company that I do some online work for a few times a month. The check had to be sent out to a third party and took about a month to be credited to my account, but they credited it in USD so I gained about 20% pay on that deal so I wasn't all that displeased with the issue, although it's an ongoing one as I will regularly get checks from this Canadian business. As long as I keep getting the 20% exchange bonus though I can't be too unhappy.
My account fees are only $1/m but I get .25% interest on checking and .75% on savings with nothing else needed. The CD rate I get is 1.5% on 36m, so that's good. I never have too much problem with service or waiting at my branch, but I work at night so I usually go at off hours. The staff is always pleasant and helpful, and they don't charge for financial advise like when I bought they CD's from them and transferred them from a traditional bank. I'm very happy with the CU overall.
Excellent Credit Union
I have been banking with the SECU for close to 10 years now. I have always been treated friendly by the associates. They have worked with me each time I needed to borrow money, as well as when I had hard times and needed to arrange payments. They are a credit union I can trust and one that I can rely on to help me through good times and bad. I haven't done anything with them on a mobile device because they don't offer much in the way of mobile banking. That would be my only suggestion for better service.
State Employees Credit Union is a great place to bank!
I have checking and savings accounts with State Employees Credit Union and I have been pleased. I have direct deposit there, and they don't charge me any fees (except I have to pay to order checks). in fact, I have been surprised by the interest I have earned. Although not substantial, it is higher than what my friends get from other banks. Also they offer special accounts like vacation and Christmas that earn higher interest and are convenient because they automatically deduct a certain amount every check to help me meet my goals. Their website is easy to navigate and manage your accounts on, and they have customer service representatives available by phone if you need help. They have lots of convenient branches and ATMs in my area too with NO FEES. By the way the branches also offer free notary services and advice.
State employees credit Union. Nc
I banked with the State Employees Credit Union for 3 years until the local branch in my area moved too far away. In 2015 my wallet was stolen including my debit card. I went to the bank to report it and discovered that 125$ had already been fraudulently taken from my account. The employee who I dealt with was so helpful and sympathetic and genuine. Alot of times in these situations the people you deal with don't seem to genuinely care but she did. I filled out some paper work and was told it could take a few days for the money to be refunded. It was a really big deal because it was the money I was going to pay my rent with. I had the money back the very next evening and was able to pay my rent on time. I love that there is no fee for using their atm which was the main reason I choose to switch from Bank of America to state employees credit union. I would again bank with them if I ever live close enough to a local branch again.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66310 |
| Year Chartered | 1937 |
| Employees | 6202 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 7.83% |
| Annual Interest Income | $272.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $36.51B$33.32B |
| Loans | Q1 2017vs Q1 2016 | $20.43B$18.65B |
| Deposits | Q1 2017vs Q1 2016 | $33.44B$30.44B |
| Equity Capital | Q1 2017vs Q1 2016 | $2.76B$2.60B |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $222.4MM$225.9MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $213.8MM$294.5MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $8.5MM$8.8MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.01% | $250 | - | Money Market |
State Employees' Credit Union (NC) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | - | - | Checking (Share Draft) |
State Employees' Credit Union (NC) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
State Employees' Credit Union (NC) has 261 locations. Click to view all State Employees' Credit Union (NC) locations.