State Employees Credit Union

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State Employees Credit Union
TypeCredit union
IndustryFinancial services
Founded1937
HeadquartersRaleigh, North Carolina
United States
Key peopleJim Blaine, President & CEO
ProductsSavings; checking; consumer loans; mortgages; credit cards; investments; online banking
Total assets$22.1B USD (Feb. 2011)
Websitencsecu.org
 
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State Employees Credit Union
TypeCredit union
IndustryFinancial services
Founded1937
HeadquartersRaleigh, North Carolina
United States
Key peopleJim Blaine, President & CEO
ProductsSavings; checking; consumer loans; mortgages; credit cards; investments; online banking
Total assets$22.1B USD (Feb. 2011)
Websitencsecu.org

State Employees Credit Union (SECU) is a state chartered credit union headquartered in Raleigh, North Carolina regulated under the authority of the Credit Union Division of the NC Department of Commerce. SECU member deposits are insured by National Credit Union Administration (NCUA) of the U.S. federal government. SECU is the second largest natural member credit union in the United States, both in asset size and in membership. As of February 2011, SECU has $22 billion in assets, 1.6 million members, and 236 branches.[1] Membership in the credit union is limited to employees of the state of North Carolina and their families.

Contents

History

State Employees Credit Union was originally incorporated on June 4, 1937 by employees of the State of North Carolina. The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building.[2] By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 million.[3]

SECU Foundation

The SECU Foundation was formed in 2004 by SECU to promote community development in North Carolina communities. The foundation funds projects in education, health care, and housing.

In 2009, SECU announced a $4 million grant to the North Carolina Museum of Natural Sciences for their planned Nature Research Center.[4]

References

External links