EIN 56-0475645

State Employees' Credit Union

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
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 and 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
Total expenses
Total assets
Num. employees

Program areas at State Employees' Credit Union

The State Employees' Credit Union is owned by our 2.6 million members. Secu provides services to our members through 275 branch offices, 1128 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, 2022, there were 851,000 personal loans and 184,000 first and second mortgage loans outstanding. The Credit Union received $1,666,497,639 in revenues from interest on loans, interest on investments, and other non-interest sources during the year ended june 30, 2022. The cost of providing services to Credit Union members was $1,110,208,355 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
Center for Responsible LendingGeneral Operations$175,000
Friends of the North Carolina Museum of Natural SciencesGeneral Operations$163,335
African American Credit Union CoalitionGeneral Operations$125,000
...and 4 more grants made

Personnel at State Employees' Credit Union

Sue A DouglasChief Operations Officer$342,428
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
...and 24 more key personnel

Financials for State Employees' Credit Union

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$1,534,778,522
Investment income and dividends$136,010,524
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-1,757,578
Net gain from sale of non-inventory assets$-5,708,278
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,663,323,190

Form 990s for State Employees' Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2020-062021-05-15990View PDF
2019-062020-09-02990View PDF
2019-062020-01-29990EZView PDF
2018-062019-05-14990View PDF
...and 8 more Form 990s
Data update history
May 24, 2023
Updated personnel
Identified 4 new personnel
May 13, 2023
Used new vendors
Identified 2 new vendors, including , and
April 12, 2022
Used new vendors
Identified 2 new vendors, including , and
April 9, 2022
Posted financials
Added Form 990 for fiscal year 2020
March 15, 2022
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
No issues found
MembershipsCommunity engagement / volunteering
General information
119 N Salisbury St FL 10
Raleigh, NC 27603
Metro area
Raleigh-Cary, NC
Website URL
(919) 839-5000
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
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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