State Employees’ Credit Union, a $35 billion institution based in Raleigh, N.C., said that its board of directors has voted to re-join the Carolinas Credit Union League.
Last fall SECU elected to rejoin the Credit Union National Association after disaffiliating from both organizations in 2014 as a result of then-mandatory dual membership requirements.
“The SECU board and management are confident that reaffiliating with the Carolinas Credit Union League is a positive step that will help support small credit unions in our state and promote the credit union movement,” SECU CEO Mike Lord said in a statement. “Combining our voice and support with fellow league members will advance positive advocacy for consumers and credit unions in North Carolina, allowing us all to better serve our members.”
Reaffiliation with the CCUL, the credit union asserted, “provides the opportunity to support positive legislative advocacy efforts” at the state level in North Carolina. Also, as a long-time supporter of small credit unions, league membership by SECU “reinforces its enduring commitment to those credit unions.”
In response to SECU’s decision, CCUL’s president and CEO John Radebaugh was “surprised,” but added that his organization is “elated’’ to have them back.
SECU noted that it has been a ”vocal supporter and advocate” for the right of credit unions to have the option of joining either or both a state league and CUNA rather than being subject to a longstanding dual membership requirement.
