One of the great perks of being a state employee would have to be the State Employees Credit Union, since there are a wide variety of services available to state employees through the credit union. State Employees CU services can be accessed within local branches or online with fully automated services.
The History of the State Employees Credit Union (SECU)
Like all CU organizations, State Employees Credit Union is owned by its members and is run as a non-profit organization. SECU was originally founded on June 4th 1937 with assets totaling $437.00 and a grand total of 17 members. SECU’s early years were run on a part time basis out of the Agriculture Building’s basement in Raleigh, North Carolina.
The State Employees CU has certainly grown over the years both in the amount of members as well as its total amount of assets: in 2008, the SECU had over 1.4 million members and over $16 billion worth of assets. Today it has a total of 218 branches and 980 automated teller machines as well as two call centers and of course its online presence.
State Employees Credit Union helps in the community investing in such worthy causes as education, housing and health care.
State Employees Credit Union Services
SECU offers State Employee members themselves a wide variety of financial services for everyday needs such as:
- mortgages
- vehicle loans
- salary advance loans
- loans for college tuition
- and savings accounts, like the Holiday Cash or Summer Cash accounts, so that funds will be available for when they are needed.
SECU Loans
With so many vehicle and properties going into repossession, finding the right loan and APR can be challenging. State Employees takes the legwork out of researching so that members can make the right choice without having to check out numerous lenders. State Employees CU also grants direct deposit, real time loan advances and offers members automatic bill pay and financial calculators for analysis before a signature is required on any papers for a loan.
SECU also has online and automated services to help members keep control of their finances.