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 awareness of members through programs of consumer protection. Improve economic life, social condition, provide Credit & broaden economic awareness of members through programs of consumer protection.
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
$1,692,752,969
2020
Total expenses
$1,486,066,717
2020
Total assets
$45,245,519,314
2020
Num. employees
7,700
2020

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.

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

Personnel at State Employees' Credit Union

NameTitleCompensation
Sue A DouglasChief Operations Officer$406,867
Rex SpiveyChief Financial Officer$476,945
Chris AyerChief Information Officer$438,429
Jamie ApplequistChief Administration Officer$336,841
Randy PartinChief Audit Officer$347,490
...and 18 more key personnel

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

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

Organizations like State Employees' Credit Union

OrganizationLocationRevenue
Vystar Credit UnionJacksonville, FL$471,645,316
The Golden 1 Credit UnionSacramento, CA$532,330,203
Suncoast Credit UnionTampa, FL$521,014,379
Baylor University (BU)Waco, TX$1,252,666,839
AarpWashington, DC$1,752,770,442
Eisenhower Medical CenterRancho Mirage, CA$887,259,076
American Heart Association (AHA)Dallas, TX$700,362,587
Pace UniversityNew York, NY$597,655,933
Legacy HealthVancouver, WA$444,002,528
Kaiser Foundation Health Plan of WashingtonOakland, CA$3,968,146,636
Data update history
April 9, 2022
Posted financials
Added Form 990 for fiscal year 2020
March 15, 2022
Updated personnel
Identified 1 new personnel
October 26, 2020
Updated personnel
Identified 5 new personnel
October 21, 2020
Used new vendors
Identified 4 new vendors, including , , , and
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsCommunity engagement / volunteering
General information
Address
119 N Salisbury St 10 No FL
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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