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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 2022. Filed on May 12, 2023.

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 2022 IRS Form 990 filing, State Employees' Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 22 out of 8,049 total employees. Among the employees shown here, the average compensation is $453,205. The highest compensated employee at State Employees' Credit Union is Michael J Lord with fiscal year 2022 compensation of $1,361,431.

Revenue, expenses, and employee compensation

Revenue

$1,663,323,190

Expenses

$1,107,033,903

Employee compensation

$606,092,740
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael J Lord
President (Thru 08/21)
$1,361,431
$1,310,134 No related comp$51,297
Rex Spivey
Chief Financial Officer
$573,435
$532,255 No related comp$41,180
Jerry Harmon
Chief Lending Officer
$525,431
$483,115 No related comp$42,316
Chris Ayer Thru 0921
Chief Information Officer
$502,695
$447,397 No related comp$55,298
Leigh Brady
Evp-Organization Development
$495,810
$434,191 No related comp$61,619
James Hayes
President
$482,218
$474,872 No related comp$7,346
Jennifer Hamrick
Evp-Organizational Support
$442,350
$395,680 No related comp$46,670
Sara Trexler
Chief Legal Officer
$436,441
$386,186 No related comp$50,255
Jamie Applequist
Chief Administrative Officer
$420,881
$369,180 No related comp$51,701
Steven Herrell
Chief Risk Officer
$399,350
$352,988 No related comp$46,362
William Deans
Svp-Infrastructure Services
$386,649
$338,091 No related comp$48,558
Kevin Mack
Regional Svp-Branch Operations
$377,018
$285,473 No related comp$91,545

Benchmark Employee Compensation

Non-Employee Board Members

Alice Garland
Vice Chair
$2,690
$2,690 No related compNo other comp
Mark Fleming
Director
No compensation reported
Mona Moon
Secretary and Treasurer
No compensation reported
Chris Ayers
Chair
No compensation reported
Stelfanie Williams
Director
No compensation reported
Joanne Sanford
Director
No compensation reported
Jennifer Haygood
Director
No compensation reported
McKinley Wooten
Director
No compensation reported
Karan Bunn
Director
No compensation reported
Thomas Parrish IV
Director
No compensation reported
Shirley Bell
Director (Thru 2/22)
No compensation reported
Bob Brinson
Director
No compensation reported

Contractors

Accurate Title Group
Appraisal and Title
$24,865,623
Mainline Information Systems Inc.
IT
$8,062,822
Loomis Armored US LLC
Security
$5,789,196
Microsoft Licensing Gp
Software Maintenance
$5,245,878
Fidelity National Information Services I
IT
$5,078,384

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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