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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 2021. Filed on May 10, 2022.

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 2021 IRS Form 990 filing, State Employees' Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 21 out of 7,630 total employees. Among the employees shown here, the average compensation is $494,299. The highest compensated employee at State Employees' Credit Union is Michael J Lord with fiscal year 2021 compensation of $3,008,268.

Revenue, expenses, and employee compensation

Revenue

$1,639,456,686

Expenses

$1,206,510,123

Employee compensation

$576,066,344
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael J Lord
President
$3,008,268
$2,881,758 No related comp$126,510
Rex Spivey
Chief Financial Officer
$531,939
$492,781 No related comp$39,158
Chris Ayer
Chief Information Officer
$506,162
$454,176 No related comp$51,986
Jerry Harmon
Chief Lending Officer
$482,287
$444,532 No related comp$37,755
Wallace W Umphlett
Executive Vice President - Financial Advisory Services
$421,907
$382,942 No related comp$38,965
Leigh Brady
Executive Vice President - Organization Development
$406,026
$357,556 No related comp$48,470
Jamie Applequist
Chief Administrative Officer
$401,446
$351,389 No related comp$50,057
Randy Partin
Chief Audit Officer
$400,317
$355,169 No related comp$45,148
Jennifer Hamrick
Executive Vice President - Organizational Support
$388,963
$344,083 No related comp$44,880
Sue A Douglas
Chief Operating Officer
$382,840
$342,428 No related comp$40,412
Steven Herrell
Chief Risk Officer
$374,649
$331,531 No related comp$43,118
Sara Trexler
Chief Legal Officer
$367,028
$318,844 No related comp$48,184

Benchmark Employee Compensation

Non-Employee Board Members

Alice Garland
Secretary and Treasurer
Bob Brinson
Chair
Chris Ayers
Vice Chair
Jennifer Haygood
Director
Joanne Sanford
Director
Karan Bunn
Director
Mark Fleming
Director
McKinley Wooten
Director
Mona Moon
Director
Shirley Bell
Director
Stelfanie Williams
Director

Contractors

Accurate Title Group
Appraisal and Title
$20,618,474
Davie Construction Company
Branch Construction Labor
$10,541,451
Mcdonald York Building Company
Branch Construction Labor
$8,662,593
Loomis Armored US LLC
Armored Car
$6,052,637
Deloitte Consultng LLC
Consulting and Implementation
$5,202,960

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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