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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 2018. Filed on March 18, 2019.

119 N Salisbury Street No 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 2018 IRS Form 990 filing, State Employees' Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 18 out of 7,000 total employees. Among the employees shown here, the average compensation is $339,734. The highest compensated employee at State Employees' Credit Union is Michael J Lord with fiscal year 2018 compensation of $670,276.

Revenue, expenses, and employee compensation

Revenue

$1,501,185,216

Expenses

$1,207,551,463

Employee compensation

$474,537,677
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael J Lord
President
$670,276
$631,555 No related comp$38,721
Rex Spivey
Chief Financial Officer
$422,981
$382,862 No related comp$40,119
Sue A Douglas
Chief Operating Officer
$421,224
$380,320 No related comp$40,904
Chris Ayer
Chief Information Officer
$406,900
$360,173 No related comp$46,727
Wallace W Umphlett
Executive Vice President - Financial Advisory Services
$377,393
$337,540 No related comp$39,853
Jerry Harmon
Chief Lending Officer
$372,513
$333,975 No related comp$38,538
Randy Partin
Chief Audit Officer
$353,058
$311,549 No related comp$41,509
Leigh Brady
Executive Vice President - Organization Development
$344,379
$300,173 No related comp$44,206
Steven Herrell
Chief Risk Officer
$316,892
$272,674 No related comp$44,218
Sara Trexler
Chief Legal Officer
$308,925
$263,436 No related comp$45,489
Jennifer Hamrick
Evp-Organizational Support
$301,901
$268,208 No related comp$33,693
Jamie Applequist
Executive Vice President - Branch Operations
$300,546
$257,122 No related comp$43,424

Benchmark Employee Compensation

Non-Employee Board Members

McKinley Wooten
Director
$1,469
$1,469 No related compNo other comp
Bob Brinson
Vice Chair
No compensation reported
Mona Moon
Secretary and Treasurer
No compensation reported
Karan Bunn
Director
No compensation reported
Jim Johnson
Director
No compensation reported
Alice Garland
Director
No compensation reported
Shirley Bell
Director
No compensation reported
Joanne Sanford
Chair
No compensation reported
Stelfanie Williams
Director
No compensation reported
Chris Ayers
Director
No compensation reported
Cynthia Jolly
Director
No compensation reported

Contractors

World-Wide Technology Holding CO LLC
Equipment Vendor
$8,208,560
Presidio Netwroked Solutions
Equipment Vendor
$7,533,145
Daniels and Daniels Construction CO
Construction of Branch
$5,435,016
Racanelli Construction South
Construction of Branch
$4,092,715
Wittenbach Business Systems
Equipment Vendor
$3,407,437

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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