State Employees' Credit Union (SECU) is a state chartered credit union headquartered in Raleigh, North Carolina regulated under the authority of the Credit Union Division of the NC Department of Commerce. SECU member deposits are insured by National Credit Union Administration (NCUA) of the U.S. federal government. SECU is the second largest natural member credit union in the United States, both in asset size and in membership. As of March 31, 2017, SECU has $36.5 billion in assets, over 2.1 million members, and 265 branches with locations in all of North Carolina's 100 counties. Membership in the credit union is primarily limited to employees of the state of North Carolina and their immediate family or the immediate family of current SECU members.
History
State Employees' Credit Union was originally incorporated on June 4, 1937 by employees of the State of North Carolina. The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 million.
SECU Foundation
The SECU Foundation was formed in 2004 by SECU to promote community development in North Carolina communities. The foundation funds projects in education, health care, and housing.
In 2009, SECU announced a $4 million grant to the North Carolina Museum of Natural Sciences for their planned Nature Research Center.
References
External links
- Official website
