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.
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 ...
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|---|---|---|
| 2019-06 | Jan 29, 2020 | 990EZ | View PDF |
| 2018-06 | May 14, 2019 | 990 | View PDF |
| 2017-06 | Jun 14, 2018 | 990 | View PDF |
| 2016-06 | Sep 25, 2017 | 990O | View PDF |
| 2015-06 | Aug 5, 2016 | 990O | View PDF |
| ...and five more Form 990 PDFs | |||
| Field | 2019 |
|---|---|
| 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 |
| Vendor | Services | Amount paid | Date |
|---|---|---|---|
| Kimbia | Fundraising software | 2020-03-03 | |
| ███████ ███ ████ | Fundraising software; Payment processing | 2020-03-03 | |
| ██████████████████ ███ | Tax accounting; Audit accounting | 2019-12-31 | |
| ████████████ ████ █████████ ███████ | Insurance | 2019-12-31 | |
| ███ ██████████ ███ | Insurance agent or broker | $46,687 | 2019-12-31 |
| ██████ ██████ ████ | Insurance | 2019-12-31 | |
| ████ █████ ████ ██████ ██ █████ ████████ | Claims processing, Insurance agents and brokers | $1,960,684 | 2019-12-31 |
| █████████ ████ █████████ ███████ | Insurance | 2019-12-31 | |
| ...and 13 more vendors | |||
| Name | Title | Compensation | Most recent data |
|---|---|---|---|
| Sue A Douglas | Chief Operations Officer | $380,320 | June 30, 2018 |
| Rex Spivey | Chief Financial Officer | $382,862 | April 19, 2019 |
| █████ ████ | Chief Information Officer | $360,173 | June 30, 2018 |
| █████ ██████ | Chief Audit Officer / Chief Audit and Officer | $311,549 | June 30, 2018 |
| ████ ███████ | Chief Legal Officer | $263,436 | June 30, 2018 |
| █████ █████ | Executive Vice President - Organization Development | $300,173 | June 30, 2018 |
| ███████ █ ████████ | Executive Vice President - Financial Advisory Services / Executive Vice President and Financial Advisory | $337,540 | June 30, 2018 |
| ██████ █ ███████ | Executive Vice President - Property Management / Executive Vice President and Property Management | $252,270 | June 30, 2018 |
| ████████ ███████ | Executive Vice President - Organizational Support / Executive Vice President and Organizational Support | $268,208 | June 30, 2018 |
| ███████ ██████ | Senior Vice President - Electronic Services / Senior Vice President and Electronic Services | $228,537 | June 30, 2018 |
| ...and 10 more key personnel | |||
| Name | Type | Revenue | Location | |
|---|---|---|---|---|
| 1 | The Golden 1 Credit Union | 501(c)(14) | $483 million | Sacramento, CA |
| 2 | Credit Unions in the State of Washington Boeing Employees Credit Union (BECU) | 501(c)(14) | $861 million | Tukwila, WA |
| 3 | Suncoast Credit Union | 501(c)(14) | $444 million | Tampa, FL |
| 4 | Alliant Credit Union | 501(c)(14) | $422 million | Chicago, IL |