EIN 56-0475645

State Employees' Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
9,136
Year formed
1937
Most recent tax filings
2023-06-01
Description
As a financial cooperative owned by our members, our mission is to improve the economic life and social condition of members, to encourage thrift, to provide a source of Credit at a fair and reasonable rate of interest and to broaden the economic awar...
Related structure
State Employees' Credit Union is child organization, under the parent exemption from State Chartered Credit Unions in North Carolina.
Also known as...
Pto Level Cross Elementary School; State Chartered Credit Unions
Total revenues
$2,176,491,752
2023
Total expenses
$1,593,476,956
2023
Total assets
$49,625,413,489
2023
Num. employees
9,136
2023

Program areas at State Employees' Credit Union

The State Employees' Credit Union is owned by our 2.7 million members. Secu provides services to our members through 275 branch offices, 1122 atms, 24/7 contact centers, and a website - www.ncsecu.org. As a Credit Union, members deposit funds into share accounts, which are then loaned to other members. The Credit Union offers share accounts of various types - membership shares, share drafts, money market shares, ira shares, and share term certificates. Loans to members consists of mortgages, home equity, auto and other consumer loans. At june 30, 2023, there were approximately 899,000 personal loans and approximately 204,000 first and second mortgage loans outstanding. The Credit Union received $2,179,844,153 in revenues from interest on loans, interest on investments, and other non-interest sources during the year ended june 30, 2023. The cost of providing services to Credit Union members was $1,596,829,355 for the year. The cost of services consists of interest paid on share accounts, salaries, building expenses, equipment expenses, and other operational expenses.

Grants made by State Employees' Credit Union

GranteeGrant descriptionAmount
Dorothea Dix Park ConservancyGeneral Operations$3,000,000
Worldwide Foundation for Credit UnionsGeneral Operations$200,000
African American Credit Union CoalitionGeneral Operations$130,000
...and 5 more grants made

Personnel at State Employees' Credit Union

NameTitleCompensation
Rex A SpiveyChief Financial Officer$532,255
Chris AyerChief Information Officer$447,397
Jamie ApplequistChief Administration Officer$369,180
Bridget WelbornChief Audit and Regulatory Officer$0
Robert NicholsChief Audit Officer$279,019
...and 20 more key personnel

Financials for State Employees' Credit Union

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$1,775,365,587
Investment income and dividends$404,032,181
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-1,517,694
Net gain from sale of non-inventory assets$-1,388,322
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,176,491,752

Form 990s for State Employees' Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2021-062022-05-09990View PDF
2020-062021-05-15990View PDF
2019-062020-09-02990View PDF
2019-062020-01-29990EZView PDF
...and 9 more Form 990s
Data update history
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 8 new personnel
June 27, 2023
Used new vendors
Identified 2 new vendors, including , and
May 24, 2023
Updated personnel
Identified 4 new personnel
May 13, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsCommunity engagement / volunteering
General information
Address
119 N Salisbury St FL 10
Raleigh, NC 27603
Metro area
Raleigh-Cary, NC
Website URL
ncsecu.org/ 
Phone
(919) 839-5000
IRS details
EIN
56-0475645
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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