North Carolina’s State Employees’ Credit Union reached a major milestone in recent years. There is now at least one branch in each of the state’s 100 counties.
The 75-year-old credit union was chartered with only 17 members. Today, its membership base is close to 1.8 million and growing. And a lot of this growth has come in the past five years, since the financial crisis and since retail banks have struggled to win back consumer confidence.