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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 2020. Filed on May 15, 2021.

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 2020 IRS Form 990 filing, State Employees' Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 19 out of 7,700 total employees. Among the employees shown here, the average compensation is $395,001. The highest compensated employee at State Employees' Credit Union is Michael J Lord with fiscal year 2020 compensation of $870,135.

Revenue, expenses, and employee compensation

Revenue

$1,692,752,969

Expenses

$1,486,066,717

Employee compensation

$570,004,227
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael J Lord
President
$870,135
$829,046 No related comp$41,089
Rex Spivey
Chief Financial Officer
$515,127
$476,945 No related comp$38,182
Chris Ayer
Chief Information Officer
$489,536
$438,429 No related comp$51,107
Jerry Harmon
Chief Lending Officer
$466,960
$430,062 No related comp$36,898
Sue A Douglas
Chief Operating Officer
$450,138
$406,867 No related comp$43,271
Wallace W Umphlett
Executive Vice President - Financial Advisory Services
$404,100
$361,013 No related comp$43,087
Leigh Brady
Executive Vice President - Organization Development
$392,255
$344,474 No related comp$47,781
Randy Partin
Chief Audit Officer
$391,497
$347,490 No related comp$44,007
Jamie Applequist
Chief Administrative Officer
$385,187
$336,841 No related comp$48,346
Jennifer Hamrick
Evp-Organizational Support
$368,244
$324,305 No related comp$43,939
Steven Herrell
Chief Risk Officer
$362,268
$320,261 No related comp$42,007
Sara Trexler
Chief Legal Officer
$355,699
$305,849 No related comp$49,850

Benchmark Employee Compensation

Non-Employee Board Members

Stelfanie Williams
Director
$871
$871 No related compNo other comp
Chris Ayers
Vice Chair
$871
$871 No related compNo other comp
Mark Fleming
Director
$871
$871 No related compNo other comp
Alice Garland
Secretary and Treasurer
$821
$821 No related compNo other comp
Joanne Sanford
Director
$816
$816 No related compNo other comp
McKinley Wooten
Director
$684
$684 No related compNo other comp
Karan Bunn
Director
No compensation reported
Mona Moon
Director
No compensation reported
Bob Brinson
Chair
No compensation reported
Shirley Bell
Director
No compensation reported
Jennifer Haygood
Director
No compensation reported

Contractors

Barnhill Contracting Company
Branch Construction
$17,320,740
Mcdonald York Building Company
Branch Construction
$14,795,974
David Construction Company
Branch Construction
$10,105,348
Mainline Information Systems
Software
$9,227,533
Fidelity National Information Services I
Software
$7,184,828

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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