What is SECU?
SECU is a credit union, a not-for-profit cooperative financial institution owned by, and operated for, the benefit of its member-owners. SECU’s members share a common bond—, state and public school employees and their family members. SECU’s mission is to improve the economic and social condition of its member-owners. SECU provides a comprehensive line of low-cost products and services to meet the needs of members, including no tiered share and deposit rates, no risk-based lending, and no employee pay or commissions. “Do the Right Thing” is more than a catchy slogan – it’s the working principle of our 6,300+ dedicated employees who serve you from branches and operation centers statewide.
SECU is committed to Diversity and Inclusion and values the differences in our staff and in our North Carolina communities. We believe that embracing the uniqueness of individuals makes our cooperative stronger, more innovative and better able to serve SECU members.
As a federally insured, state chartered financial institution, State Employees’ Credit Union is required to meet the rigorous requirements of a highly-regulated industry. Safety and soundness in all operations are paramount. Because our membership relies on us, operating with unquestionable fidelity to the principles of honesty, integrity, prudence and equity is important.
SECU was founded June 4, 1937 with 17 members and $437 in assets. It was initially operated on a part-time basis from the basement of the Agriculture Building in Raleigh. Over the years, SECU has grown in services, membership and assets. SECU now serves over 2.2 million members with over $40 billion in assets through more than 260 branch locations, more than 1,100 ATMs, 24/7 Member Services Support, 24/7 voice response telephone service and a 24/7 interactive website.
In 2004, SECU chartered the SECU Foundation
to promote local community development primarily through high impact projects in the areas of housing, education, health care and human services. Foundation projects include scholarships for NC public high school and community college students, NC teacher housing initiatives, SECU Family Houses, among others.
SECU offers a wide variety of products and services such as Salary Advance Loans to combat predatory payday lending; various mortgage options aimed at helping members who have become victims of subprime mortgage practices; youth accounts including FAT CAT
to promote financial literacy; and Summer Cash and Holiday Cash Accounts to assist members with budgeting. Automated services continue to expand with popular options such as online BillPay, Financial Calculators and Assessments and SECU’s Car Buying Service available through the secure Member Access section of the website.
SECU is committed to making a difference in the financial lives of all members. Founded on the philosophy of “People Helping People,” SECU strongly believe that in order to build a sound organization, you need the support of the members and community.
For more information on the history of the Credit Union, please view our Significant Dates in Credit Union History