Your Money, Your Choice, Your Credit Union
Have you ever wondered what makes SECU so different? So great? So financially beneficial? Have you ever had someone else ask you how they too could become a
of SECU? The word is out . . . SECU offers financial benefits to its members and to all
citizens of North Carolina, regardless of whether they are members of SECU or any other financial institution.
As a member, you benefit from at least one of three ways if not more than one!
- Lower Rates on Loans - $193,875,5971 in benefits to members
- Higher Rates on Deposits - $199,720,8121 paid on deposits
- Lower Fees on Specific Financial Products and Services -
$109,691,7701 in savings compared to other financial institutions
As a North Carolina citizen, you benefit from SECU too!
- CashPoints® ATM - 1,100+ ATMs that do not charge a surcharge to non-members
- Competitive Pressure - likely results in millions of dollars of financial benefits
to the customers of commercial banks
- SECU Foundation - promotes local and community development with grants, scholarships
Read more about the benefits SECU offers to members and to N.C. citizens in The Financial Benefits of
Credit Union Membership to Members of the State Employees' Credit Union of North Carolina in 2009
Do you know what makes credit unions unique?
- Ownership - Credit unions are democratically controlled and member-owned and operated. Each member has equal ownership and one
vote - regardless of how much money he or she has in savings.
- Not-For-Profit - Credit unions are not-for-profit financial cooperatives that provide a safe, convenient place for members to save
money and access loans and other financial services at reasonable rates.
- Social Purpose: "People Helping People" - Credit unions exist to serve their members, not to make a profit. Every member
counts, including those of modest means. This "people first" philosophy impels credit unions and their employees to get involved in community and other worthwhile
- Volunteer Leadership - Each credit union is governed by a volunteer Board of
Directors, elected by and from the credit union's members.
- Financial Education for Members - Credit unions place particular importance on educational opportunities for their members and
the public to help everyone become better educated consumers of financial services.
- NCUA - This independent United States government agency insures the deposits of credit union members
1The financial data comes from The Financial Benefits of Credit Union Membership to Members of the State Employees' Credit Union of North Carolina in 2009.