THE CORPORATION'S PRIMARY PURPOSE INCLUDE: (1) MAKING SCHOLARSHIP GRANTS TO QUALIFIED RESIDENTS OF NORTH CAROLINA; (2) MAKING FUNDS AVAILABLE TO ANY PERSON OR ENTITY IN ORDER TO EDUCATE THE PUBLIC REGARDING FINANCIAL LITERACY, BANKING AND FINANCE LAWS, OR CONSUMER PROTECTION; AND (3) DISTURBING FUNDS TO FULL OR PART-TIME BANK EMPLOYEES WITH IMMEDIATE NEEDS WHO LIVE IN AN AREA WHERE A CURRENT OR FUTURE DISASTER HAS BEEN DESIGNATED AND WHO HAVE SUSTAINED SIGNIFICANT PROPERTY DAMAGE OR EXPENSES AS A RESULT OF THE DISASTER.
Executive compensation
Form 990 · Schedule J · 6 reported individuals · Filing year 2024
| Position | Total |
|---|---|
President & CEO | $58k $62k |
COO | $52k $55k |
Counsel/svp key employee | $37k $39k |
Controller key employee | $33k $35k |
CFO | $17k $19k |
Corporate Secretary/acct. Specialist highest compensated employee | $17k $18k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 20 unpaid individuals.
Up 9%
from 2023
From $53k in 2023 to $58k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
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