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A State Employees' Credit Union branch in Hayesville, North Carolina. State Employees' Credit Union was originally incorporated on June 4, 1937 by employees of the State of North Carolina. The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [6]
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The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
There are about 74,000 state employees in North Carolina, from those working in state agencies, like the one Folwell leads, to state parks, prisons and health and human services.
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In response to predatory loans, Self-Help worked with a state coalition in 1999 to help pass the North Carolina Predatory Lending Law, the first such law in the country. [6] In 2002, Self-Help established the Center for Responsible Lending (CRL) [ 7 ] to build on initial successes and expand our focus nationally, and to tackle practices such as ...