North Carolina 529 Plan

A NC 529 Plan is a tax-advantaged education savings plan operated by a state or educational institution and is designed to help families set aside funds for future college costs.

The minimum initial contribution as well as any subsequent contribution is just $25. The current maximum balance allowable is $450,000 for all NC 529 Accounts with the same Beneficiary.

Save on Taxes While Saving for College

If you are a North Carolina resident, you should consider the North Carolina 529 Plan. Earnings in the NC 529 Plan grow free from federal and NC income tax, and are not taxed by the state of North Carolina or the federal government upon withdrawal, as long as the money is used to pay for your Beneficiary's qualified higher education expenses.

The NC 529 Plan offers 14 investment options for you to choose from, including an option made available by SECU; the Federally-Insured Deposit Account. The Federally-Insured Deposit Account option offers income along with protection of principal and earnings and is fully insured by the National Credit Union Administration (NCUA).

Open a NC 529 Account

The NC 529 account is NOT an SECU deposit account, but is available and maintained by the College Foundation of North Carolina.

You can open your NC 529 Account online at or visit your local branch and a Financial Services Officer will be happy to help you open one.

Each Account has one Participant (account owner) and one Beneficiary (the person for whom you are saving). As the Participant, you are in control of the NC 529 Account. The Beneficiary has no access to the Account or control of the funds.

When you visit the branch, please bring demographic information (name, address, social security number, date of birth) for both the Participant and Beneficiary. Before you enroll, please review a complete Program Description at or request one by calling the savings program toll-free at 800-600-3453.