RALEIGH, N.C. (4/18/13)--State Employees' CU (SECU), Raleigh, N.C., has opened its one millionth checking account.
SECU checking offers daily interest, a no-minimum balance requirement, and overdraft prevention options.
Members can choose to donate the account's $1 monthly maintenance fee to the SECU Foundation in support of North Carolina education, housing, healthcare and human services initiatives. About 99% of members choose this option, the credit union said.
The Financial Benefits of Membership in State Employees' Credit Union of North Carolina in 2011, a report written by Dr. William E. Jackson III, estimated checking benefits provided to SECU members through higher interest and lower non-sufficient funds charges totaled more than $200 million.