State Employees Credit Union is a non-profit financial cooperative owned and run by its members. Membership is open to employees of North Carolina state government departments, federal agencies that serve its jurisdiction, and certain county-level departments. Members also gain access to a comprehensive selection of banking products and services.
This location can be found at 651 Executive Pl in Fayetteville North Carolina.
Member-Owned Cooperative
SECU, as a not-for-profit financial cooperative, has provided employees of North Carolina State government and their family members with consumer financial services for over eighty years. Offering low-cost products that help its members save money in various ways – according to one recent study conducted on its membership savings alone in 2014 alone!
SECU also invests heavily in community development initiatives that strengthen local and regional communities. In 2004, SECU created the SECU Foundation as part of this mission and reassigned $1 per checking account to it – this ensures individual contributions come directly from individual members enforcing its core concept as a member-owned cooperative. Members who no longer wish to contribute may opt out via Member Access Services page without incurring fees penalties – no harm was caused in doing so!
Affordable Deposit Accounts
State Employees’ Credit Union (SECU) provides its members with a wide selection of banking products and services, such as checking and savings accounts, loans, mortgages and investments at highly competitive rates.
SECU offers an affordable minimum deposit requirement of $25 when opening a share account, while linking a savings account with their checking account can help avoid overdraft fees for up to two days per year. In addition, SECU provides an economical overdraft solution with just 50 cents charged each time funds transfer from savings into checking.
Individuals interested in joining SECU must either work for the state of North Carolina, federal employees assigned to North Carolina, public school teachers or employees of certain county-level departments that SECU serves or live within one of its counties of service. Existing members’ immediate families also qualify for membership at this financial institution with its extensive branch network and ATMs throughout North Carolina.
Free Checking Accounts
State Employees Credit Union offers free checking accounts with no minimum balance and an affordable overdraft fee, while waiving nonsufficient funds fees on two days annually. Furthermore, members can avoid overdraft fees altogether by linking their checking and savings accounts together.
North Carolina Credit Union boasts multiple branches across North Carolina and provides competitive interest rates on share certificates, while its savings accounts offer lower yields than some banks.
Membership at North Carolina Credit Union is restricted to people working for the state of North Carolina as well as their immediate family members, unlike some other credit unions which provide worldwide ATM or branch access.
Credit union’s online and mobile banking apps have received mixed reviews. While some users complain of slow response times, others appreciate their ease of use and features. Mobile app allows customers to make transfers/deposits as well as check account balances.
Cheap Overdraft Alternative
State Employees Credit Union offers its members an inexpensive overdraft option for checking accounts, while waiving nonsufficient funds fees twice annually. By linking savings or money market accounts with checking accounts, SECU members can cover an overdraft without incurring the usual $12 per item fee; Another Chance Alert notifies members when an item may bounce and prevents costly NSF charges; Overall, SECU boasts lower fees and rates than its competition.
Membership to North Carolina Credit Unions is open to employees of the state and their families as well as some retirees, and provides numerous financial advantages that prioritize easy access over high interest rates.
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