State Employees' Credit Union

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A short history of State Employees' CU

Since its inception in 1937 the State Employees' Credit Union has been serving its members in the RALEIGH, North Carolina area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Michael Lord, the State Employees' CU has grown its membership to over 2,251,069 with assets of more than $36,879,840,265. They have a main office and 258 branch offices. Please see the credit unions website or contact them by phone at (919) 839-5000 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in RALEIGH, NC.

General Information For State Employees' CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 66310
Address 119 N SALISBURY ST 
State North Carolina 
Zip-Code 27603
Phone Number (919) 839-5000
Fax Number (919) 839-5353
Email Address:
CEO/President Michael Lord
Members 2,251,069 
Full-Time Employees 6,277 
Part-Time Employees 61 
Number of Branch Offices 258 
Total Assets 36,879,840,265 

Compare State Employees' Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Shaw University CU 201 TUPPER HALL 118 E South St 27601 (919) 546-8440 No 6.29
North Carolina Press Association CU Corporate Office 119 N Salisbury St 27690 (919) 839-5338 No 6.50
Local Government CU Corporate Office 323 W Jones St Ste 600 27603 (919) 755-0534 No 6.93
First Flight CU Cary Corporate Headquarters 1815 Kildaire Farm Rd 27518 (919) 851-5690 No 7.59
Coastal CU Quail Plaza # 18 Quail Plaza 27609 (919) 420-8000 No 10.57

State Employees' Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

State Employees' Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.50 3.75 4.75 4.50 3.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 122 243 296 205 27
Rank Among All North Carolina Credit Unions 6 24 28 21 1

State Employees' Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.25 0.75 1.00 1.75 1.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 95 46 20 61 94
Rank Among All North Carolina Credit Unions 6 2 4 3 3
State Employees' Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.500327,944691,779,981
All Other Unsecured Loans/Lines of Credit 10.750229,898968,283,333
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.75032,786672,147,435
Used Vehicle Loans 4.750205,1122,042,309,925
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.500131,51415,667,752,961
Total Other Real Estate Loans/Lines of Credit 3.00035,219847,728,131
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.00025,13649,937,913
TOTAL LOANS & LEASES 987,60920,939,939,679

State Employees' Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 5,020487,137,85400
    b. 15 Years or less 17,5741,133,516,7311,374127,035,924
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 30121,43200
Adjustable Rate > 1 yr 108,89014,046,976,9449,0741,572,886,559


Closed-End Fixed Rate 75811,281,73700
Closed-End Adjustable Rate 795,85800
Open-End Adjustable Rate 34,454836,350,5364,410212,620,721
Open-End Fixed Rate 0000
TOTALS 166,73316,515,481,09214,8581,912,543,204


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 22419,354,77600

State Employees' Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes