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State Employees' Credit Union was originally incorporated on June 4, 1937 by employees of the State of North Carolina. The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [6] By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 ...
Banking in theUnited States. Credit unions in the United States served 100 million members, comprising 43.7% of the economically active population, in 2014. [1][2] U.S. credit unions are not-for-profit, cooperative, tax-exempt organizations. [3] The clients of the credit unions become partners of the financial institution and their presence ...
State Employees Credit Union of Maryland (also known as SECU of Maryland or SECU Maryland or SECU MD) is a state-chartered credit union headquartered in Linthicum, Maryland. [3] It is the largest federally-insured credit union in the state [ 4 ] [ 5 ] [ 6 ] and is regulated under the authority of The Office of the Commissioner of Financial ...
PSECU (also known as Pennsylvania State Employees Credit Union) is a state-chartered credit union headquartered in Harrisburg, Pennsylvania. [1] PSECU is a not-for-profit financial entity [2] that serves more than 480,000 members and manages over $7.5 billion in assets. [3][4][5] Deposits by the members are regulated and insured by National ...
The Public Employees Federation (PEF) is an American union representing 50,000 [1] professional, scientific, and technical public employees in the state of New York.The union is one of the largest local white-collar unions in the United States and is New York's second-largest state-employee union. [3]
The Texas Dow Employees Credit Union was founded by employees of Dow Chemical Company in December 1954, receiving its charter from the State Attorney General that month. [3] [4] Its first organizational meeting was held in the Freeport Junior High auditorium in Freeport, Texas, on January 3, 1955, with memberships available for deposits of up to five dollars. [3]
WSECU was founded in 1957 [4] by 40 Washington state government employees. [5] [better source needed] The charter was initially limited to employees of Local No. 443, but expanded in 1958 to include all state employees, Washington State Employees Association and the Washington Federation of State Employees and Credit Union Employees.
The National Association of Letter Carriers started in 1889 and grew quickly. It had 52 branches with 4,600 members in 1890, and 335 branches by 1892. It focused on forcing postmasters to honor federal law mandating an 8-hour day for federal employees. In 1893 it won a Supreme Court decision and $3.5 million in back overtime pay.
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