State Employees' Credit Union

Business & Economy
6:32 am
Tue August 20, 2013

Greater Kinston Credit Union Working To Keep Legacy Strong

Greater Kinston Credit Union Manager Shawn Wilson visits credit union co-founder Charles Sanders.
Credit Leoneda Inge

There is a credit union in eastern North Carolina that has worked hard to help people who have historically been left out of traditional banking circles.

But during the economic downturn, the Greater Kinston Credit Union suffered just like many of its members.  Major loans weren’t re-paid and the state placed it under conservatorship.  Today, Greater Kinston has a new manager, is open for business and is making money again.

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Business & Economy
7:07 am
Mon August 19, 2013

Down Economy Equals Growth At State Employees' Credit Union

An artistic rendering of the new SECU building on Salisbury Street in downtown Raleigh.
Credit State Employees' Credit Union

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.

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