Credit union · NCUA insured
State Employees' Credit Union
Top CarrotA $59.8B credit union, the 2nd largest of 4,329, headquartered in Raleigh, NC, with 2.98 million members and 275 branches in North Carolina. Best rates: CDs 4.30% and savings 2.20% APY.
State Employees' Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 95% of U.S. banks and credit unions
#7 of 32 in Raleigh, NC metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About State Employees' Credit Union
Founded in Raleigh in 1937, State Employees' Credit Union is a member-owned not-for-profit financial cooperative.
SECU operates across all 100 North Carolina counties, serving 3 million members through 275 branch locations and over 1,000 ATMs.
- Headquarters
- 119 N Salisbury St, Raleigh, NC 27603
- NCUA charter
- 66310
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Active (including part-time) and former employees of BCBSNC Credit Union are eligible for membership.
- Active (including part-time) and former employees of Blue Cross Blue Shield of North Carolina, Inc. are eligible for membership.
- Active (including part-time) and former employees of any subsidiary organization of Blue Cross Blue Shield of North Carolina, Inc. are eligible for membership.
- Active (including part-time) and former employees of Cahaba Benefit Administrators, a division of Blue Cross and Blue Shield of Alabama (located in NC), are eligible for membership.
- Active (including part-time) and former employees of Manpower Group who work at BCBSNC are eligible for membership.
- Active (including part-time) and former employees of Palmetto Government Business Administrators, a division of Blue Cross Blue Shield of South Carolina (located in NC), are eligible for membership.
12 more ways to join
Employers and groups
- Active (including part-time) and former employees of Topaz Shared Services, Durham, NC are eligible for membership.
Military, government and schools
- Employees of federal agencies assigned to North Carolina state agencies are eligible for membership.
- Employees of North Carolina public boards of education are eligible for membership.
- Employees of North Carolina county departments of Social Services, Health, Mental Health, and Civil Defense (i.e., Emergency Management) are eligible for membership.
- Employees of associations formed for the benefit of state of North Carolina employees (e.g., State Employees Association of North Carolina) are eligible for membership.
- Members of the North Carolina National Guard are eligible for membership.
- Employees of agencies or departments whose employees are otherwise subject to the North Carolina State Personnel Act (now known as the North Carolina Human Resources Act), with certain exclusions, are eligible for membership.
- Employees of the state of North Carolina are eligible for membership.
- Individuals retired as pensioners and/or annuitants from qualifying state, education, county department, association, assigned federal, or National Guard employment or service are eligible for membership.
Family and household
- Immediate family members (spouse, child, sibling, parent, grandparent, grandchild, stepparent, stepchild, stepsibling, and adoptive relationships) of an existing member are eligible for membership.
- Persons living in the same residence maintaining a single economic unit with a current member are eligible for membership.
- Un-remarried spouses of persons who died while in the field of membership are eligible for membership.
Cost to join
- Membership requires opening a share account with a minimum deposit of $25 (at least five shares at $5 each), or $5 (one share) for children under 13 years of age.
Branches
275 branches in North Carolina
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Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.12% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 2.38% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 0.73% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $72 | $88 | — |
- CapitalNet worth ratio10.12%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late2.38%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets0.73%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$72Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of State Employees' Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.