North Carolina State Employees' Credit Union
John and Jennifer Hall had plenty of mortgage options for their first home, including a VA loan. But because they were buying a starter home, it made better sense to work with a non-profit financial cooperative—the State Employees' Credit Union (SECU) in North Carolina.
John and Jennifer did their homework, comparing costs with financial institutions in the marketplace. Aside from lower fees and closing costs, SECU did something the others didn't: a credit-union employee sat down with the couple to explain the pros and cons of the various mortgage options. Because SECU employees are non-commissioned, the couple looked to the employee as a trusted advisor. And so began their enthusiasm for cooperatives.
John believes that all North Carolinians benefit from SECU. As a non-profit financial cooperative, the credit union helps to keep other financial institutions in check by ensuring citizens remain eligible for competitive rates and fees. For example, a 2006 study commissioned by SECU found that North Carolina residents saved more than $225 million due to the presence of the credit union.
"There are so many young folks who don't realize the advantage of going with a co-op," John comments. "Being a member can make a tremendous difference in your financial life!"
"People helping people!" — it's SECU's philosophy and the cooperative spirit that makes John and Jennifer Hall proud to be members.
Learn more about North Carolina State Employees' Credit Union (NCSECU) at www.ncsecu.org.