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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations State Employees' Credit Union

State Employees' Credit Union

Fiscal year ending 2024. Filed on May 12, 2025.

119 N Salisbury Street Fl 10
Raleigh, North Carolina 27603

State Employees' Credit Union (EIN: 56-0475645) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, State Employees' Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 20 out of 9,205 total employees. Among the employees shown here, the average compensation is $538,245. The highest compensated employee at State Employees' Credit Union is James Hayes with fiscal year 2024 compensation of $1,213,925.

Revenue, expenses, and employee compensation

Revenue

$2,616,980,178

Expenses

$2,414,379,999

Employee compensation

$743,683,530
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Hayes
President (Thru 7/21/23)
$1,213,925
$1,166,700 No related comp$47,225
Leigh Brady
President
$1,094,280
$973,775 No related comp$120,505
Rex Spivey
Chief Financial Officer
$722,604
$641,501 No related comp$81,103
Stacie Walker
Chief Lending Officer
$629,233
$528,063 No related comp$101,170
Bridget Welborn
Chief RISK Officer (Thru 12/6/23)
$594,021
$524,095 No related comp$69,926
Joshua Bomba
Chief Information Technology Officer
$568,644
$465,708 No related comp$102,936
Jennifer Hamrick
Chief Operations Director
$528,492
$452,100 No related comp$76,392
Sara Trexler
Chief Administrative Officer
$521,036
$439,922 No related comp$81,114
Jared Benesh
Executive Vice President - Member Experience
$489,532
$422,601 No related comp$66,931
John Sykes
Executive Vice President - Deputy Chief Financial Officer
$487,946
$412,443 No related comp$75,503
Jamie Applequist
Executive Vice President - Chief Property Officer
$481,620
$405,532 No related comp$76,088
Damian Carter
Regional Senior Vice President (Thru 12/4/23)
$457,865
$406,123 No related comp$51,742

Benchmark Employee Compensation

Non-Employee Board Members

Mark Fleming
Director
$2,320
$2,320 No related compNo other comp
Thomas Parrish IV
Director (Thru 10/10/23)
$1,496
$1,496 No related compNo other comp
McKinley Wooten
Director
$1,455
$1,455 No related compNo other comp
Bob Brinson
Director
No compensation reported
Chuck Stone
Director (Start 10/10/23)
No compensation reported
Ben McLawhorn
Director
No compensation reported
Barbara Perkins
Director (Start 10/10/23)
No compensation reported
Alice Garland
VICE Chair (Thru 10/10/23)
No compensation reported
Jo Anne Sanford
Director (Thru 10/10/23)
No compensation reported
Mona Moon
Chair
No compensation reported
Chris Ayers
Director
No compensation reported
Jennifer Haygood
Secretary and Treasurer
No compensation reported

Contractors

Sirius Computer Solutions Inc.
IT
$33,980,916
Mainline Information Systems Inc.
IT
$20,408,168
Accurate Title Group
Appraisal and Title
$19,571,499
Venture Solutions Inc.
Misc
$14,978,125
Converge Technology Solutions US LLC
IT
$7,613,179

Mission Statement

TO BE THE TRUSTED PROVIDER OF FINANCIAL SERVICES TO EVERY ELIGIBLE MEMBER AND TO ENHANCE THE VALUE OF THEIR LIVES AND FINANCIAL WELL-BEING WHILE MAINTAINING OUR FISCAL STRENGTH.

Revisions to this organization profile

May 12, 2025:
2024 State Employees' Credit Union 990 filed
May 15, 2024:
2023 State Employees' Credit Union 990 filed
May 12, 2023:
2022 State Employees' Credit Union 990 filed

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