Cause IQ organization profile

State Employees' Credit Union

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

State Employees' Credit Union is a credit union based in Raleigh, NC that was founded in 1937. As of 2019 they had $1.6 billion in revenue and $40 billion in assets.They are a child organization of State Chartered Credit Unions in North Carolina.

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...

Previous legal names or variations of their name include: Pto Level Cross Elementary School; and State Chartered Credit Unions.

EIN:
56-0475645
City:
State:
Website:
Founded:
1937
Type:
501(c)(14)
NTEE:
Revenue:
$1,685,013,461
Assets:
$40,697,542,181
Employees:
7,304
Fiscal year end:
June
Revenue trends:
Asset trends:

Program areas at State Employees' Credit Union

The State Employees' Credit Union is owned by our 2.4 million members. Secu provides services to our members through 267 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, 2019, there were 845,000 personal loans and 181,000 first and second mortgage loans outstanding. The Credit Union received $1,684,967,336 in revenues from interest on loans, interest on investments, and other non-interest sources during the year ended june 30, 2019. The cost of providing services to Credit Union members was $1,441,021,781 for the year. The cost of services consists of interest paid ...

Form 990s for State Employees' Credit Union

Fiscal year endingDate received by IRSFormPDF link
2019-06Jan 29, 2020990EZView PDF
2018-06May 14, 2019990View PDF
2017-06Jun 14, 2018990View PDF
2016-06Sep 25, 2017990OView PDF
2015-06Aug 5, 2016990OView PDF
...and five more Form 990 PDFs

Financials for State Employees' Credit Union

Field2019
Total grants, contributions, etc.$0
Program services$1,390,881,477
Investment income and dividends$295,032,680
Net gain from sale of non-inventory assets$-946,821
Net income from gaming activities and fundraising events, combined$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,685,013,461

Vendors for State Employees' Credit Union

VendorServicesAmount paidDate
KimbiaFundraising software2020-03-03
███████ ███ ████Fundraising software; Payment processing2020-03-03
██████████████████ ███Tax accounting; Audit accounting2019-12-31
████████████ ████ █████████ ███████Insurance2019-12-31
███ ██████████ ███Insurance agent or broker$46,6872019-12-31
██████ ██████ ████Insurance2019-12-31
████ █████ ████ ██████ ██ █████ ████████Claims processing, Insurance agents and brokers$1,960,6842019-12-31
█████████ ████ █████████ ███████Insurance2019-12-31
...and 13 more vendors

Personnel at State Employees' Credit Union

NameTitleCompensationMost recent data
Sue A DouglasChief Operations Officer$380,320June 30, 2018
Rex SpiveyChief Financial Officer$382,862April 19, 2019
█████ ████Chief Information Officer$360,173June 30, 2018
█████ ██████Chief Audit Officer / Chief Audit and Officer$311,549June 30, 2018
████ ███████Chief Legal Officer$263,436June 30, 2018
█████ █████Executive Vice President - Organization Development$300,173June 30, 2018
███████ █ ████████Executive Vice President - Financial Advisory Services / Executive Vice President and Financial Advisory$337,540June 30, 2018
██████ █ ███████Executive Vice President - Property Management / Executive Vice President and Property Management$252,270June 30, 2018
████████ ███████Executive Vice President - Organizational Support / Executive Vice President and Organizational Support$268,208June 30, 2018
███████ ██████Senior Vice President - Electronic Services / Senior Vice President and Electronic Services$228,537June 30, 2018
...and 10 more key personnel

Peer credit unions

 NameTypeRevenueLocation
1The Golden 1 Credit Union501(c)(14)$483 millionSacramento, CA
2Credit Unions in the State of Washington Boeing Employees Credit Union (BECU)501(c)(14)$861 millionTukwila, WA
3Suncoast Credit Union501(c)(14)$444 millionTampa, FL
4Alliant Credit Union501(c)(14)$422 millionChicago, IL