State Employees’ Credit Union (SECU) recently reached a significant member service milestone, opening its one millionth SECU checking account! The one millionth account figure reinforces SECU members’ recognition of the value provided by the consumer-friendly features of the account.
SECU checking, with a low $1 monthly maintenance fee, offers daily interest, a no minimum balance requirement, and numerous overdraft prevention options, making it one of the best value accounts among all financial institutions. In fact, The Financial Benefits of Membership in State Employees’ Credit Union of North Carolina in 2011 report, written by Dr. William E. Jackson, III, estimated checking benefits provided to SECU members through higher interest and lower non-sufficient funds charges totaled more than $200 million. The member-owned cooperative also provides checking account holders the ability to designate their $1 monthly maintenance fee to benefit SECU Foundation projects, with 99% of members choosing this option in support of North Carolina education, housing, healthcare and human services initiatives.
McKinley Wooten, SECU Board of Directors Chair comments, “It is very exciting to reach this milestone with SECU’s checking account program. Considered a staple in any financial portfolio, a checking account helps to establish a long-term relationship with a member as their primary financial institution. We are pleased that so many members see the benefits of our checking product and now utilize SECU as their trusted provider of financial services!”