EIN 56-0475645

State Employees' Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
7,700
Year formed
1937
Most recent tax filings
2020-06-01
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

Program areas at State Employees' Credit Union

The State Employees' Credit Union is owned by our 2.5 million members. Secu provides services to our members through 270 branch offices, over 1,000 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 consist of mortgage, home equity, auto, and other consumer loans. At june 30, 2020, there were 829,000 personal loans and 183,000 first and second mortgage loans outstanding. The Credit Union received $1,692,752,969 in revenues from interest on loans, interest on investments, and other non-interest sources during the year ended june 30, 2020. The cost of providing services to Credit Union members was $1,486,066,717 for the year. The cost of services consists of interest paid on share accounts, salaries, building expenses, equipment expenses, and other operational expenses.

Form 990s for State Employees' Credit Union

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-15990View PDF
2019-062020-09-02990View PDF
2019-062020-01-29990EZView PDF
2018-062019-05-14990View PDF
2017-062018-06-14990View PDF
...and 7 more Form 990s

Grants made by State Employees' Credit Union

GranteeGrant descriptionAmount
The Salvation Army / Territorial HeadquartersCovid Relief Assistance$1,000,000
Feeding the CarolinasCovid Relief Assistance$1,000,000
Carolinas Credit Union FoundationCovid Relief Assistance$250,000

Financials for State Employees' Credit Union

RevenuesFYE 06/2020
Total grants, contributions, etc.$0
Program services$1,470,845,061
Investment income and dividends$222,510,131
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$88,877
Net gain from sale of non-inventory assets$-691,100
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,692,752,969

Personnel at State Employees' Credit Union

NameTitleCompensation
Sue A DouglasChief Operations Officer$399,393
Rex A SpiveyChief Financial Officer$440,016
Chris AyerChief Information Officer$406,284
 View purchase optionsChief Administration Officer$288,591
 View purchase optionsChief Audit Officer$327,808
...and 19 more key personnel

Organizations like State Employees' Credit Union

OrganizationLocationRevenue
Credit Unions in the State of Washington Boeing Employees Credit Union (BECU)Tukwila, WA$1,014,880,283
Vystar Credit UnionJacksonville, FL$471,645,316
The Golden 1 Credit UnionSacramento, CA$532,330,203
Suncoast Credit UnionTampa, FL$521,014,379
Institute of Electrical and Electronics Engineers (IEEE)Piscataway, NJ$563,250,052
ProMedicaToledo, OH$1,142,430,478
Smithsonian Institution (SI)Washington, DC$1,601,124,226
Harvard UniversityCambridge, MA$7,350,273,474
American University (AU)Washington, DC$862,369,744
Kaiser Foundation Health Plan of WashingtonOakland, CA$3,968,146,636
United States Golf Association (USGA)Liberty Corner, NJ$517,714,574
Legacy HealthVancouver, WA$444,002,528
Pace UniversityNew York, NY$597,655,933
American Heart Association (AHA)Dallas, TX$700,362,587
AarpWashington, DC$1,752,770,442
Eisenhower Medical CenterRancho Mirage, CA$887,259,076
Baylor University (BU)Waco, TX$1,252,666,839
Indiana University HealthIndianapolis, IN$4,164,734,712
American Chemical SocietyWashington, DC$671,055,307
Fayette Community HospitalFayetteville, GA$482,863,292
Marshfield ClinicMarshfield, WI$922,233,071
Martin Memorial Medical CenterStuart, FL$599,721,329
Lafayette General Health (LGH)Lafayette, LA$559,007,569
Northern Illinois Medical CenterChicago, IL$482,963,096
Princeton HealthPlainsboro, NJ$461,425,322
Nonprofit Types
Issues
No issues found
Characteristics
Key performance indicators
Total revenues
$1,692,752,969
2020
Yearly growth
0.5%
% of revenues
n/a
Total expenses
$1,486,066,717
2020
Yearly growth
3.1%
% of expenses
n/a
Total assets
$45,245,519,314
2020
Yearly growth
11.2%
% of assets
n/a
Num. employees
7,700
2020
Yearly growth
5.4%
% of total
n/a
General information
Address
119 N Salisbury Street No FL 10
Raleigh, NC 27603
Metro area
Raleigh-Cary, NC
County
Wake County, 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