State Employees Credit Union is a not-for-profit financial cooperative owned and run by its members. Offering an extensive array of consumer financial services to members – both employees of North Carolina State government and their family members as members – this credit union operates its own foundation which fosters community development by funding high impact projects.
Membership
Credit union membership brings many advantages, from lower fees and rates to being heard when shaping policies of your credit union. Join SECU either by opening an account at one of our branches or online today!
Lord asserted that risk-based lending was flawed mathematically and would harm state employees at large. He estimated that 60% of existing borrowers will experience higher interest rates.
SECU’s shift has gone mostly unnoticed because its shift is happening slowly and is unannounced, but one consultant who closely tracks North Carolina enterprise notes its significance: It runs counter to most U.S. credit unions as well as commercial banks.
Deposit Accounts
State Employees Credit Union provides financial services to a diverse array of customers throughout North Carolina. Their accounts range from savings, checking, Money Market, certificate and loan accounts; loans; investment services as well as loan repayment plans. Members have access to their funds from hundreds of branches or via the CashPoint ATM network.
Credit union membership provides access to basic checking accounts with competitive interest rates, debit cards and online bill pay – as well as overdraft protection options at competitive fees that allow access to any SECU savings or credit account for two days of fee-free overdraft protection each year if funds become insufficient. It also offers term certificates ranging from six months to five years in duration.
Loans
State Employees Credit Union (SECU) stands out from most financial institutions by offering lower loan rates than its competitors, making SECU an excellent way to get low-interest loans and credit products without high fees. Furthermore, SECU also offers its members investing opportunities.
SECU plans to implement a policy of “tier-based lending” beginning March, which will encourage members with lower credit scores to pay higher interest rates than those with better scores. SECU also plans to emphasize financial counseling and programs designed to boost credit scores.
This banking office can be found at 4501 Nash Street North Wilson North Carolina 27895. Their phone number is 1-8844-788-2880. Here you will find directions to their location as well as reviews.
Investments
SECU members can set aside funds for retirement and education by investing in low-cost, diversified mutual funds through their credit union investment accounts. CUIS representatives can assist members with selecting mutual funds that match their investment goals and risk tolerance, or offer traditional Roth and SEP individual retirement account (IRA) options that allow members to invest directly without incurring brokerage commission fees.
SECU provides more than financial products; in addition to community development projects through its Foundation. Funded by all checking account holders at SECU through a monthly service fee of $1.00, SECU Foundation funds high impact community development initiatives outside its usual business activities reaffirming its core principle as a member-owned cooperative.
Business Accounts
State Employees Credit Union provides essential services for business financial management. As a non-for-profit financial cooperative, this not-for-profit credit union offers banking accounts and loans. Furthermore, its SECU Foundation promotes community development by funding high impact projects within housing, education, healthcare and human services areas; all with funding coming directly from members – reinforcing its core concept as member-owned cooperative.
Wilson native Leigh Walston Brady has been appointed CEO of State Employees Credit Union, marking her appointment as its inaugural female leader with over 2.6 million members.
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