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
Costly Accounts, Clunky Website, Rude Employees
Besides charging for accounts that would be free elsewhere, this bank is antiquated in its website offerings. The tellers are either indifferent or outright rude at the Hamilton Rd branch. They feel fine mistreating the elderly and apparently POC as well according to family members.
They either do not understand how to handle government retirement funds (which is odd as it is a GOVERNMENT employee credit union) or they are purposely incompetent. Go elsewhere.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66310 |
| Year Chartered | 1937 |
| Employees | 7794 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 3.5% |
| Annual Interest Income | $639.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $55.39B$55.87B |
| Loans | Q1 2025vs Q1 2024 | $35.85B$33.88B |
| Deposits | Q1 2025vs Q1 2024 | $49.61B$45.69B |
| Equity Capital | Q1 2025vs Q1 2024 | $5.12B$4.5B |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $440MM$378.3MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $555.9MM$699.8MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $6.5MM$2.4MM |
