State Employees Credit Union provides comprehensive banking, loan and credit card products at attractive rates with strong mobile apps – an excellent option for North Carolina residents seeking local banks with competitive interest rates and reliable mobile apps.
Members share a connection through employment with either the State of North Carolina or federal agencies working alongside it, or close family of state employees.
About Us
SECU (State Employees Credit Union) is a financial institution providing banking, savings, credit card and insurance products and services as well as retirement planning advice to its members in North Carolina’s 100 counties. SECU also offers retirement planning counseling.
SECU Credit Union was established in 1937 and currently boasts over 2.6 million members nationwide. Headquartered in Raleigh, NC it welcomes anyone employed with government or public service agencies in North Carolina as members and offers various banking options online and mobile for its customers as well as community development projects through SECU Foundation which address issues beyond its normal scope of operations.
Checking Accounts
Established in 1937, State Employees Credit Union (SECU) is a large credit union providing financial services for its membership base consisting of State of North Carolina employees and public school employees as well as their immediate families. Membership to SECU is open to these groups of people.
SECU offers checking accounts, savings accounts, money market accounts and certificate accounts with competitive interest rates. Their basic checking account requires no minimum balance requirements and has an affordable $1 monthly maintenance fee that goes toward SECU’s foundation. Furthermore, SECU offers two free days without overdraft fees each year–far superior than the typical $35 overdraft fee!
Customers can make deposits using payroll deduction or funds transfer, and access their accounts online using Member Access app or web portal. They can also get loan quotes and apply online.
Savings Accounts
State Employees Credit Union of North Carolina (SECU) provides public sector workers in North Carolina with an outstanding banking and investment account suite. Members can access various deposit accounts that offer competitive dividend rates; these include share savings accounts, money market accounts and several tax-advantaged investment options such as traditional, Roth and SEP IRAs.
SECU offers several savings accounts with competitive APYs and no monthly fees, such as their basic Share Savings account with no minimum balance requirement and competitive APY. Other accounts available through SECU include Holiday Cash Club and Summer Cash, both offering higher APYs than standard savings accounts. They also provide money market accounts at 1.60% APY and HSA and Education Savings accounts that allow members to earn interest on larger deposits through ATMs, online banking, mobile apps or 24/7 Member Services.
Loans
State Employees Credit Union of North Carolina offers banking, loans and credit cards. Their checking and savings accounts offer low costs with two fee-free days annually to cover overdrafts. Their home loan programs stand out by not requiring private mortgage insurance even for borrowers who put less than 20% down.
Former SECU CEO Jim Blaine sent emails to Hayes and other board members, criticizing tiered lending and advocating that “no specific group of existing borrowers should bear the burden of substantially higher interest rates.”
Credit Cards
State Employees’ Credit Union of North Carolina is a not-for-profit financial cooperative offering banking services as well as loan and investment products to its membership, comprising employees of North Carolina State government as well as their families. Membership to State Employees’ Credit Union is restricted solely by employment status within this state.
SECU offers credit cards without running credit checks and without restricting them based on your score; therefore, when opening one you simultaneously open a savings account to store any amount you would like available as your credit limit – saving time and hassle in this way!
Credit union membership provides members with several advantageous features and services, including a basic Visa card with competitive rates and low fees, an inexpensive overdraft alternative for checking account holders, as well as special benefits such as an overseas customer service line for military personnel.
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