Intro – State Employees’ Credit Union Reviews & Ranking
AdvisoryHQ recently published its list and review of the top credit unions in North Carolina, a list that included State Employees’ Credit Union.
Below we have highlighted some of the many reasons State Employees’ Credit Union was selected as one of the best credit unions in North Carolina.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
State Employees’ Credit Union Review
State Employees’ Credit Union is a state-chartered and federally-insured financial cooperative that was founded in 1937 by only 17 members. At that time, this credit union in North Carolina had only $437 in assets. It was operated from the basement of the Raleigh Agriculture Building. Since that time, SECU has continued to grow and expand.
SECU has nearly two million members, who can bank at more than 240 statewide branches. This North Carolina credit union features a variety of conventional deposit accounts, as well as loans and cards. SECU is based on the concept that to build a sound financial institution, the support of the members and the community are required.
Image Source: State Employees’ Credit Union
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms
Upon completing our detailed review, State Employees’ Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
State Employees’ Credit Union Review: Mobile Payments
If you have a debit or credit card from this leader among credit unions in NC, you can enjoy convenience and ease-of-use through multiple Mobile Payment options. SECU cards, both credit and debit, can be used with Mobile Payments, making transactions more secure and faster.
With Apple Pay, members can make purchases with their Apple device at participating merchants and in apps. Similarly, with Android Pay, members can pay with their smartphones at more than one million participating U.S. merchants.
Samsung Pay is also an option for members of State Employees’ Credit Union, and all you need to do is use your Samsung Galaxy device to make secure, fast payments.
Finally, Visa Checkout lets members with eligible cards store payment and shipping details in a secure way, so their online checkout experience is streamlined and expedited.
Image Source: State Employees’ Credit Union
State Employees’ Credit Union Review: Real-Time Loan Advances
If you’re a member of this pick for one of the best credit unions in NC, and you have an available line of credit including an Open-End Loan, a Home Equity Line of Credit, or a Salary Advance Loan, you can request an advance simply by going online.
When members go through the Member Access Portal, Mobile Access, or ASK SECU, they can access their available credit quickly and conveniently without filling out a loan application or speaking with a loan professional.
Funds are transferred immediately to a checking, share, or money market account. Then, the member will receive new repayment information through the mail.
State Employees’ Credit Union Review: SECU Mortgage Assistance Program
The SECU Mortgage Assistance Program is a way for members who are having trouble meeting the obligation of their mortgage loan. Members can meet with a Senior Financial Services Officer, who will then help to create a personal financial plan.
The objective is to meet the needs of the member while helping them remain in their home.
Some of the options that may be available under the Mortgage Assistance program include monthly payment alternatives, forbearance, or mortgage loan modification or refinance.
State Employees’ Credit Union Review: Inexpensive Checking
Often, when deciding whether it’s more advantageous to bank with a North Carolina credit union or a conventional bank, the fees associated with checking accounts are a primary consideration. State Employees’ Credit Union offers a flexible, convenient, and also affordable checking account, where the maintenance fee is only $1, and that’s automatically contributed to the SECU Foundation.
The SECU Foundation promotes community development through the funding of certain impactful projects.
The checking account also earns dividends, which are compounded daily and paid monthly, and there is no required minimum balance. Overdraft Protection is available, as is online BillPay.
In addition to the above State Employees’ Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:
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