October 27, 2008 12:03 PM Eastern Time 

Nearly 900 Members Attend State Employees’ Credit Union’s Annual Meeting

RALEIGH, N.C.--(BUSINESS WIRE)--With a record turnout of nearly 900 member-owners, State Employees’ Credit Union (SECU) held its Annual Meeting on Tuesday, October 14^th at the Sheraton Hotel at Four Seasons in Greensboro, North Carolina. The general meeting, led by SECU’s volunteer Board of Directors, featured a recap of the 2008 Report to the Membership by Board Chairman Shirley Bell, as well as a presentation focusing on the safety and soundness of the Credit Union by SECU President/CEO Jim Blaine. During the meeting, the Board of Directors also honored three SECU volunteers who have served 25 years on the Credit Union’s Loan Review Committee. Jane Cocks, David Spaugh and Sam Watson were given framed Board Resolutions to document their years of service and dedication to the members of State Employees’ Credit Union.

Many of those in attendance currently serve as a volunteer on the Credit Union’s local branch Advisory Boards or on regional Loan Review Committees. Prior to the general meeting, additional events were held for SECU volunteers, including a luncheon with guest speaker James T. Harris, of IllumiNation^TM whose message focused on generational awareness. Volunteers also attended a series of educational breakout sessions featuring information on Reverse Mortgages, Mobile Access and SECU’s funding of student loans in North Carolina. Each session concluded with an open forum for feedback and discussion of the presentation topics. When asked about the day’s events, Loan Review Committee member Mary McGhee comments, “I felt the meeting was very informative and entertaining! As a member, we got the message that unlike some financial institutions, we are member-owned, our money is very, very secure and our Credit Union does not have any debt! If a member needs nearly any financial service, it’s available at SECU, from salary advance loans, to mortgage loans, car loans, insurance, investments, ATM and internet services, even a FAT CAT account for the children. We have it all, and it’s all safe and secure! I’m very happy to be an SECU member and volunteer.”

Presently, State Employees’ Credit Union has over 2,500 volunteer member-owners who serve statewide. These volunteers are ambassadors for the Credit Union within the community and provide a valuable link between SECU’s member-owners and the Credit Union staff and Board of Directors. Many of SECU’s products, services and enhancements are direct results of Advisory Board ideas and suggestions. Shirley Bell, SECU Board of Director’s Chairman adds, “SECU volunteers are crucial to the success of our member-owned financial cooperative and we are thrilled so many were able to attend this year’s informative meeting. Now is a crucial time for all financial institutions, and we are extremely proud to report our Credit Union is financially safe and sound, and is still seeing positive growth during difficult economic times.”

About SECU

SECU is a non-profit financial cooperative owned by its members. SECU has been providing the employees of the State of North Carolina and their families with consumer financial services for over 70 years. Currently serving nearly 1.5 million members, SECU provides services through 221 branch offices, over 990 ATMs, two call centers and a website—www.ncsecu.org.