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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]
This is a partial list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
Finally, by 1979–80, SECU Maryland moved its headquarters to Towson. During the same period, it crossed the 50,000th membership enrollment mark. Currently, the new headquarters are located in Linthicum, Maryland. [3] As of June 2020, SECU Maryland has over $4 billion in assets and over 250,000 members.
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In 1937, eight faculty and staff members at the Michigan State College of Agriculture and Applied Science founded the state-chartered Michigan State College Employees Credit Union (MSCECU). Its assets and ledgers were kept in a desk drawer at the College's administration building.