State Employees' Credit Union
State Employees’ Credit Union (SECU) is a member-owned, not-for-profit financial cooperative based in Raleigh, North Carolina. It serves state government employees and their families and provides financial services to its members. Its filing type is Form 990 (a public charity).
State Employees' Credit Union at a glance
In short: State Employees' Credit Union gave $351K across 12 grants in 2025 (avg $29K), top state North Carolina. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $350,962
- -1.3% vs 2024
- Grants made (2025)
- 12
- +9.1% vs 2024
- Average grant
- $29,247
- -9.5% vs 2024
- Median grant
- $20,684
- Total assets
- $56,111,610,046
- -0.6% vs 2024
- Primary geography
- North Carolina (43% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to State Employees' Credit Union
- Contact
Mailing address: 119 N Salisbury Street Fl 10, Raleigh, NC 27603
Phone: (919) 839-5000
Website: https://ncsecu.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who State Employees' Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was African-American Credit Union Coalition ($125K). Together the top 10 received $336K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 30 grants of 43 (70%).
Geographic Focus
Where this funder awards grants
SECU’s 2025 grant dollars were reported as going to recipients in North Carolina (43%), Georgia (36%), Wisconsin (14%), Washington, D.C. (3%), and Virginia (2%). The listed recipients also included one organization in South Carolina. The SECU Foundation’s announced programs described above were for North Carolina nonprofits.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
Cities
How State Employees' Credit Union gives
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $351K (2025) to $3.4M (2023). In 2025 it made 12 grants totaling $351K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| African-American Credit Union Coalition Snellville, GA | General Support | $125,000 |
| Worldwide Foundation for Credit Unions Madison, WI | General Support | $50,000 |
| State Employees Association of North Carolina Raleigh, NC | General Support | $30,000 |
| Leadership North Carolina Inc Raleigh, NC | General Support | $30,000 |
| North Carolina Chamber Raleigh, NC | General Support | $26,595 |
| Keep North Carolina Beautiful Inc Raleigh, NC | General Support | $26,367 |
| Junior League of Raleigh Inc Raleigh, NC | General Support | $15,000 |
| North Carolina School Boards Association Raleigh, NC | General Support | $13,500 |
| The State Capital Foundation Inc Raleigh, NC | General Support | $10,000 |
| Credit Union Miracle Day Washington, DC | General Support | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $56,111,610,046 | $2,922,921,560 | $2,645,445,120 | $350,962 | 12 | $539,275,710 |
| 2024 | $56,444,772,890 | $2,616,980,178 | $2,414,379,999 | $355,590 | 11 | $468,258,681 |
| 2023 | $49,625,413,489 | $2,176,491,752 | $1,593,476,956 | $3,438,000 | 11 | $402,643,859 |
| 2022 | $53,195,296,849 | $1,663,323,190 | $1,107,033,903 | $563,335 | 7 | $130,302,246 |
| 2021 | $50,003,058,257 | $1,639,456,686 | $1,206,510,123 | $1,150,000 | 2 | $130,664,853 |
| 2020 | $45,245,519,314 | $1,692,752,969 | $1,486,066,717 | $2,250,000 | 3 | $221,819,031 |
| 2019 | $40,697,542,181 | $1,685,013,461 | $1,441,021,781 | — | — | $294,085,859 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
SECU’s stated mission is “to be the trusted provider of financial services to every eligible member and to enhance the quality of their lives and financial well-being while maintaining our fiscal strength.”
The 2025 grants went to organizations working in varied areas. For example, the African-American Credit Union Coalition describes its mission as increasing diversity in the credit union community through advocacy and professional development. The Worldwide Foundation for Credit Unions says it works to strengthen credit unions and grow financial inclusion worldwide. Among North Carolina grantees, Leadership North Carolina says it develops and engages leaders around issues facing the state, while Keep North Carolina Beautiful describes its work as fostering environmental stewardship through education and outreach.
Grantmaking
SECU reported 12 grants totaling $350,962 in filing year 2025. Grant amounts ranged from $7,000 to $125,000, with a median of $20,684. The largest awards were $125,000 to the African-American Credit Union Coalition and $50,000 to the Worldwide Foundation for Credit Unions, both for general support. Other notable grants included $30,000 each to Leadership North Carolina and the State Employees Association of North Carolina, and $26,595 to the North Carolina Chamber; each was reported for general support.
Separately, SECU Foundation announcements describe foundation grant programs, including Mission Development Grants for North Carolina nonprofits. In an April 2025 announcement, the Foundation said each of 12 new grantees would receive $40,000 for organizational capacity-building, needs assessment, and consulting. A February 2026 announcement reported that the Foundation had approved more than $9 million for 23 North Carolina nonprofits. These are Foundation awards, distinct from the grants reported by SECU in its 2025 filing.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Leigh Brady as president and Rex Spivey as chief financial officer. Other listed officers and directors include Jared Benesh, Stacie Walker, Sara Trexler, Jennifer Hamrick, John Sykes, Cathy Plaut, and Jamie Applequist. The filing lists Joshua Bomba as CITO and notes that he left on December 13, 2024.
State Employees' Credit Union is led by Leigh Brady, President since 2024 (on filings since 2019); 21 of 30 officers listed in 2025 are compensated.
Officers on the 2025 filing
Leigh Brady
President
Evp-Organization Development → Chief Operations Officer, 2023
Chief Operations Officer → President, 2024
On filings since 2019
40 hrs/week
$326K (2019) → $1.2M (2025)
Mona Moon
Chair
Secretary & Treasurer → Chairman, 2024
Chairman → Chair, 2025
On filings since 2019
5 hrs/week
No compensation reported
Chris Ayers
Director
Vice Chair → Chairman, 2022
Chairman → Director, 2024
On filings since 2019
5 hrs/week
$871 (2020) → $0 (2025)
Jennifer Hamrick
Chief Operations Director
Evp-Organizational Support → Evp-Deputy Chief Operations Officer, 2023
Evp-Deputy Chief Operations Officer → Chief Operations Director, 2024
On filings since 2019
40 hrs/week
$301K (2019) → $476K (2025)
Mark Fleming
Director
On filings since 2019
5 hrs/week
$871 (2020) → $729 (2025)
McKinley Wooten Jr.
Director
On filings since 2019
5 hrs/week
$684 (2020) → $0 (2025)
Michael Clements
Director
On filings since 2024
5 hrs/week
$10K (2025)
Bob Brinson
Director
Vice Chairman → Chairman, 2020
Chairman → Director, 2022
On filings since 2019
5 hrs/week
No compensation reported
Ben McLawhorn
Director
On filings since 2023
5 hrs/week
No compensation reported
Barbara Perkins
Director
On filings since 2024
5 hrs/week
No compensation reported
Chuck Stone
Director
On filings since 2024
5 hrs/week
No compensation reported
Jamie Applequist
Executive Vice President - Chief Property Officer
Chief Administration Officer → Executive Vice President - Chief Property Officer, 2023
On filings since 2019
40 hrs/week
$289K (2019) → $412K (2025)
Rex Spivey
Chief Financial Officer
On filings since 2019
40 hrs/week
$440K (2019) → $600K (2025)
Sara Trexler
Chief Administrative Officer
Chief Legal Officer → Chief Administrative Officer, 2024
On filings since 2019
40 hrs/week
$294K (2019) → $473K (2025)
Stelfanie Williams
Vice Chair
Director → Vice Chair, 2024
On filings since 2019
5 hrs/week
$871 (2020) → $0 (2025)
William Deans
Executive Vice President - Director of It Operations
Senior Vice President - Infrastructure Services → Svp-Infrastructure Services, 2022
Svp-Infrastructure Services → Executive Vice President - Director of It Operations, 2023
On filings since 2019
40 hrs/week
$239K (2019) → $360K (2025)
Carl Seabrook
Chief Audit & Regulatory
Chief Privacy & Risk Officer → Chief Audit & Regulatory Officer, 2023
Chief Audit & Regulatory Officer → Chief Audit & Regulatory, 2024
On filings since 2022
40 hrs/week
$258K (2023) → $343K (2025)
Emma Hayes
Chief Learning & Experience
Chief Culture Officer → Chief Learning & Experience Officer, 2023
Chief Learning & Experience Officer → Chief Learning & Experience, 2024
On filings since 2022
40 hrs/week
$250K (2023) → $347K (2025)
Joshua Bomba
Cito
Chief Information Officer → Chief Information Technology Officer, 2023
Chief Information Technology Officer → Cito, 2025
On filings since 2022
40 hrs/week
$219K (2022) → $540K (2025)
Jared Benesh
Executive Vice President - Member Experience
On filings since 2023
40 hrs/week
$387K (2023) → $536K (2025)
Stacie Walker
Chief Lending Officer
On filings since 2023
40 hrs/week
$317K (2023) → $507K (2025)
Cathy Plaut
Chief Legal Officer - General Counsel
On filings since 2024
40 hrs/week
$315K (2024) → $425K (2025)
John Sykes
Executive Vice President - Deputy Chief Financial Officer
On filings since 2024
40 hrs/week
$412K (2024) → $433K (2025)
Jonathan Coburn
Executive Vice President Loan Orgin. & System Operations
Executive Vice President Loan Orginations & Systems Operations → Executive Vice President Loan Orgin. & System Operations, 2025
On filings since 2024
40 hrs/week
$327K (2024) → $318K (2025)
Jonathan Dallaire
Executive Vice President Director Chief Security Officer
On filings since 2024
40 hrs/week
$312K (2024) → $334K (2025)
Sarah Thompson
Chief Risk Officer
On filings since 2024
40 hrs/week
$165K (2024) → $301K (2025)
Spencer Scarboro
Executive Vice President Loan Risk & Servicing Operations
On filings since 2024
40 hrs/week
$310K (2024) → $306K (2025)
Angela Rose
Executive Vice President Director Epmo & It Finance
New on the 2025 filing
40 hrs/week
$310K (2025)
David Bruington
Associate Executive Vice President - Real Estate Lending
New on the 2025 filing
40 hrs/week
$330K (2025)
Jennifer Haygood
Secretary & Treasurer
Director → Secretary & Treasurer, 2024
On filings since 2019
5 hrs/week
No compensation reported
Former officers (29)
- Former: Alice Garland (2019–2024) — Vice Chair
- Former: Bridget Welborn (2022–2024) — Chief Risk Officer · Filing note: Started 1/2022
- Former: Damian Carter (2022–2024) — Regional Senior Vice President
- Former: James Hayes (2022–2024) — President
- Former: Thomas Parrish IV (2022–2024) — Director
- Former: Jo Anne Sanford (2023–2024) — Director
- Former: Jerry Harmon (2019–2023) — Chief Lending Officer
- Former: Karan Bunn (2019–2023) — Director
- Former: Warren Peacock (2019–2023) — Evp-Branch Operations
- Former: Robert Nichols (2021–2023) — Chief Audit Officer
- Former: Thomas Marion (2021–2023) — Regional Senior Vice President
- Former: Kevin Mack (2022–2023) — Regional Senior Vice President
- Former: Chris Ayer (2019–2022) — Chief Information Officer · Filing note: Thru 9/2021
- Former: Joanne Sanford (2019–2022) — Director
- Former: Joseph Banks (2019–2022) — Executive Vice President - Cusos & Cu Services
- Former: Michael J. Lord (2019–2022) — President
- Former: Shirley Bell (2019–2022) — Director
- Former: Steven Herrell (2019–2022) — Chief Risk Officer
- Former: Samual Adams (2022) — Senior Vice President - Secu*re
- Former: Edward T. Hoffman Jr. (2019–2021) — Executive Vice President - Property Management
- Former: Randy Partin (2019–2021) — Chief Audit Officer
- Former: Richard Rhoads (2019–2021) — Senior Vice President - Electronic Services
- Former: Sue A. Douglas (2019–2021) — Chief Operations Officer
- Former: Wallace W. Umphlett (2019–2021) — Executive Vice President - Financial Advisory Services
- Former: Leanne Phelps (2021) — Executive Vice President - Card Services
- Former: Randall Welborn (2021) — Senior Vice President - District
- Former: Cathleen Plaut (2019–2020) — Svp-Deputy General Counsel
- Former: Russell Parrish (2019–2020) — Svp-District
- Former: Jim Johnson (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1.2M, to Leigh Brady (President). 21 officers or directors reported compensation on that filing.
Frequently asked questions about State Employees' Credit Union
How much does State Employees' Credit Union give each year?
State Employees' Credit Union gave $351K across 12 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $356K across 11 grants.
What is State Employees' Credit Union's typical grant size?
State Employees' Credit Union's median grant in 2025 was $20,684, and its average grant was $29,247, across 12 grants on its 2025 IRS Form 990.
Where does State Employees' Credit Union give grants?
State Employees' Credit Union's top state is North Carolina, with 43% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Georgia (36%) and Wisconsin (14%). The most frequent recipient cities were Raleigh, NC (7 grants).
Does State Employees' Credit Union give general operating support?
Yes: 100% of State Employees' Credit Union's 2025 grants with a stated purpose (12 of 12) were for general or operating support, per its 2025 IRS Form 990.
Who are State Employees' Credit Union's largest grantees?
State Employees' Credit Union's largest 2025 grantees include African-American Credit Union Coalition ($125,000), Worldwide Foundation for Credit Unions ($50,000) and State Employees Association of North Carolina ($30,000), according to its 2025 IRS Form 990. Together they received 58% of its itemized 2025 grant dollars.
How large is State Employees' Credit Union?
State Employees' Credit Union reported $56.1B in total assets on its 2025 IRS Form 990. Its revenue that year was $2.9B.
What does State Employees' Credit Union fund?
SECU’s stated mission is “to be the trusted provider of financial services to every eligible member and to enhance the quality of their lives and financial well-being while maintaining our fiscal strength.” See mission & focus areas ↑
How do I apply for a grant from State Employees' Credit Union?
State Employees' Credit Union has no public application process in the sources Grantable reviewed. Check ncsecu.org for current guidelines, or contact the foundation directly before submitting a request.
What is State Employees' Credit Union's EIN?
State Employees' Credit Union's EIN (Employer Identification Number) is 56-0475645. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS June 15, 2020)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in North Carolina
North Carolina Open opportunities, soonest deadline first.
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Cite this profile
Grantable. (2026). State Employees' Credit Union funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/state-employees-credit-union-morg_6431c42d160f46c2b31dd97854f2fa81
BibTeX
@misc{grantable_560475645_2026,
author = {{Grantable}},
title = {{State Employees' Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/state-employees-credit-union-morg_6431c42d160f46c2b31dd97854f2fa81},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from State Employees' Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
State Employees' Credit Union down — hundreds of funders to go?