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The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [6] By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 million. [7] By 2022, State Employees' Credit Union had grown to over $53.1 Billion in assets and 2.7 million members.
It currently has two locations serving 9,723 members. AFL–CIO Employees FCU has assets of $76 million. [1] [2] The most current annual report lists assets for Fiscal Year ending December 31, 2015, as $53.6 million. [3] The economic downturn of 2008 negatively affected the credit union with large losses in the first half of the year. [4]
CEFCU membership criteria allow employees of Caterpillar Inc. and Caterpillar dealers, partner companies (those working for about 550 specific companies with a CEFCU relationship), plus individuals who live or work in fourteen central Illinois counties, or who live, work, or worship in three California counties to belong to the credit union.
The first full-time staff member was employed in 1960. In 1975, the name was shortened to S.C. State Employees' Credit Union and the following year, the credit union moved into its own facility at 800 Huger Street. [4] Over the years, the credit union expanded into new markets and currently operates 20 branches in 12 South Carolina cities. [5]
State Employees Credit Union of Maryland (also known as SECU of Maryland or SECU Maryland or SECU MD) is a state-chartered credit union headquartered in Linthicum, Maryland. [3] It is the largest federally-insured credit union in the state [ 4 ] [ 5 ] [ 6 ] and is regulated under the authority of The Office of the Commissioner of Financial ...
GECU is the oldest credit union formed in El Paso, Texas. [2] In 1932, eleven El Paso civil servants pooled $5 each to form a credit union inside of the broom closet of El Paso's federal building. [1] [3] In one year, the capital funds of the credit union had increased to $1305. [4] In 1947 there were 135 members which grew to 690 members in ...
In 2013, WSECU became a community-chartered credit union. The credit union experienced steady growth over the next two decades and expanded with four new branches during the 1970s. A merger with Lewis County Employees Credit Union in 1984 established another branch, with two more added in that decade. In the 1990s, five more branches opened ...
The Texas Dow Employees Credit Union was founded by employees of Dow Chemical Company in December 1954, receiving its charter from the State Attorney General that month. [3] [4] Its first organizational meeting was held in the Freeport Junior High auditorium in Freeport, Texas, on January 3, 1955, with memberships available for deposits of up to five dollars. [3]