State Employees' Credit Union
Headquarters
119 N Salisbury St
Raleigh, NC 27603
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ACH 307084431
Phone 1-919-839-5300
2024 Overview
General Credit Union Information
State Employees' is an NCUA insured institution located in Raleigh, NC. It was founded in 1937 and has approximately $54576.33 millions in assets.
Who can join?
State Employees' Credit Union is a member-owned, not-for-profit cooperative. Membership is limited to persons who meet the eligibility requirements.
Eligibility Requirements
Employees of the State of North Carolina and Federal employees working in conjunction with State departments
Employees of Public Boards of Education
Employees of associations formed for the benefit of State employees, such as State Employees' Association of North Carolina, N.C. Association of Educators, State Employees' Credit Union, and non-remarried spouses of persons who died while in the field of membership of the Credit Union
Persons retired from the above employment as pensioners and/or annuitants from the above employment or services
Persons in the immediate family of current Credit Union members (defined as spouses, parents, children, and siblings of a member), persons living in the same residence maintaining a single economic unit with a member, and organizations of such persons
Employees of agencies or departments whose employees are subject to the State Personnel Act
Employees of county, municipal, and related government units (excluding employees of county departments of Social Services, Health, Mental Health, and Civil Defense) who currently have a Credit Union chartered by North Carolina or the Federal Government and who are included in that field of membership are not eligible for membership in the State Employees' Credit Union
All members of the North Carolina National Guard
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 66310 |
| Date Established | 1937 |
| Assets | $54,576.33 million |
| Loans | $33,534.74 million |
| Deposits | $44,512.87 million |
| Capital | $5,314.37 million |
Field of Membership Restrictions
Membership in State Employees' Credit Union is open to employees of the state of North Carolina, employees of public boards of education, Federal employees working with the North Carolina government, employees of associations formed for the benefit of state of North Carolina employees, County employees of Social Services, Health, Mental Health and Civil Defense, members of the North Carolina National Guard, and immediate family of current members.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Months Share Term
|
4.50% | $250 | - |
Learn More
|
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
4.50% | 4.50% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 5.25% | 5.25% | $752.08 | |
| 5 Year | 5.75% | 5.75% | $480.42 | |
| 6 Year | 6.25% | 6.25% | $417.28 | |
| 8 Year | 7.50% | 7.50% | $347.10 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming See Amortization Table |
6.32% | 5.32% | $1,781.15 | |
| 10 Year Fixed Conforming See Amortization Table |
6.65% | 5.39% | $3,455.74 | |
| 15 Year Fixed Conforming See Amortization Table |
6.78% | 5.53% | $2,619.59 | |
| 20 Year Fixed Conforming See Amortization Table |
7.33% | 6.07% | $2,306.26 | |
| 30 Year Fixed Conforming See Amortization Table |
7.60% | 6.35% | $1,990.11 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming See Amortization Table |
6.32% | 5.32% | $1,781.15 | |
| 10 Year Fixed Conforming See Amortization Table |
6.65% | 5.39% | $3,455.74 | |
| 15 Year Fixed Conforming See Amortization Table |
6.78% | 5.53% | $2,619.59 | |
| 20 Year Fixed Conforming See Amortization Table |
7.33% | 6.07% | $2,306.26 | |
| 30 Year Fixed Conforming See Amortization Table |
7.60% | 6.35% | $1,990.11 | |
Compare with 6.944% APR and 6.750% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are State Employees' branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
STATE EMPLOYEES' is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
State Employees' Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of State Employees'. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| State Employees' | U.S. Average |
|---|---|
| 15.38% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, State Employees' had $863,343,038 in non-current loans and $4,436,503 in owned assets. To cover these potential losses it had $5,314,371,878 in net worth and $329,668,933 in loans loss reserves. That gives it a Texas Ratio of 15.38%.
Net Worth
| State Employees' | U.S. Average |
|---|---|
| 10.33% | 13.62% |
State Employees' FCU has a net worth of 10.33% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for State Employees'
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