Credit Union Press Releases

With Less Than 1% of Its Mortgages Ever Needing Force-Placed Insurance, NCSECU Welcomes CFPB Review of Practices

Additionally, a mere .60% of mortgages require force-placed insurance for more than 60 days at the Credit Union. 

Allegacy Federal Credit Union Awarded Five Diamond Awards for Marketing and Business Development

The awards were presented by the Credit Union National Association (CUNA) Marketing and Business Development Council, a national network comprised of nearly 1,000 credit union marketing and business development professionals.

Study: Belonging to SECU Saves Members over $648 Million Each Year!

Every financial cooperative strives to bring value to their members, but State Employees’ Credit Union (SECU) of North Carolina has taken it one step further by sharing with members the quantitative benefits of ownership --- $648 million!

SECU Supports Overdraft Reform in Comment Letter to CFPB

The letter highlighted the Credit Union’s low-cost and no-cost overdraft options, as well as consumer-friendly services provided to help members avoid over $53 million in overdraft-related fees.

SECU Receives Amazing Number of Mortgage “Handbacks” from Fannie Mae and Freddie Mac!

With no “handbacks” in any of the last 10 years, the not-for-profit cooperative is proud of its unbroken record, which gives new meaning to the phrase "zero tolerance" in mortgage underwriting for the secondary market.

Local Government Federal Credit Union Adds Four New Advisory Council Members

The new appointments are an integral part of LGFCU’s volunteer-driveninitiative not only to educate people on the benefits of credit union membership, but also to relay feedback to the board of directors regarding available/potentially available products and services, delivery of service and member needs.

State Employees' Credit Union Continues Waiver of First Mortgage Late Fees, Saving Members over $1.8 Million in 2011!

With ongoing concerns about North Carolina’s unemployment rate of more than 10%, State Employees’ Credit Union (SECU) has stepped up in a big way for its members facing financial challenges --- saving these members over $1.8 million in fees for the past year! 

Local Government FCU Welcomes New Vice President, Finance

Local Government Federal Credit Union (LGFCU) proudly announces the appointment of Sander Casino to the position of Vice President, Finance.

SECU Reaches out to Nearly 12,500 Students During Students@Work Week!

Students@Work Week, held February 27th- March 2nd, provided State Employees’ Credit Union (SECU) an excellent opportunity to reach North Carolina students with financial education concepts, using fun and diverse approaches to real life. 

In Memoriam: Phil Greer, State Employees' Credit Union SVP of Loan Administration

Phil Greer, the SVP of Loan Administration for State Employees' Credit Union, passed away Friday, March 9th. He was 63.  

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