What Is SECU?

State Employees’ Credit Union (SECU) is a not-for-profit cooperative financial institution owned by and operated for the benefit of our member-owners. SECU’s members share a common bond: employees of the State of North Carolina, public boards of education, and employees of associations formed for the benefit of State employees, and their immediate family members.1 Our mission is to be the trusted provider of financial services to every eligible member, and to enhance their lives and financial well-being while maintaining our fiscal strength.

SECU is committed to diversity and inclusion and values individual differences in our staff and in our North Carolina communities. We believe that embracing individual uniqueness makes our cooperative stronger, more innovative and better able to serve our members. We are committed to making a difference in the financial lives of all SECU members. Founded on the credit union philosophy of “People Helping People®,” we strongly believe that to build a sound organization, we need the support of our members and community.

As a federally insured, state-chartered financial institution, SECU is required to meet the rigorous requirements of a highly-regulated industry. Safety and soundness in all operations are paramount. Our membership relies on us to operate with unquestionable fidelity to the principles of honesty, integrity, prudence and equity. “Do the Right Thing” is more than just a catchy slogan; it’s the working principle of our 7,000+ dedicated employees who serve you from branches and 24/7 Member Services statewide.


SECU was founded June 4, 1937 with 17 members and $437 in assets. SECU initially operated on a part-time basis from the basement of the Agriculture Building in Raleigh. Over the years, we have grown in services, membership and assets. SECU now has over $40 billion in assets and serves over 2.4 million members through more than 260 branch locations, more than 1,100 ATMs, 24/7 Member Services, a 24/7 voice response telephone service, an interactive website, and a mobile app.

In 2004, the SECU Foundation was established to promote local community development primarily through funding high-impact projects in the areas of housing, education, health care and human services. SECU Foundation projects include scholarships for NC public high school and community college students, NC teacher-housing initiatives, and SECU Family Houses, among others.

For more information on the history of the Credit Union, please view our Significant Dates in Credit Union History.

SECU Today

SECU offers a wide variety of low-cost products and services to meet the needs of our members, such as the following:

  • Salary Advance Loans as an alternative to predatory payday lending
  • Mortgage loan options with no required down payment or private mortgage insurance (PMI)
  • FAT CAT and Zard youth accounts to promote financial literacy
  • Summer Cash and Holiday Cash accounts to assist members with budgeting
Rates on our share and deposit accounts are not tier-based, and SECU employees do not earn commissions on products or services provided.

Our mobile and online services continue to expand with popular options such as Mobile Payments, Alerts, BillPay and Two-Way Text Messaging.
1 For a complete list of our eligibility requirements, see the Membership Eligibility page.