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Filing year 2023

STATE EMPLOYEES' CREDIT UNION

Raleigh, North Carolina·EIN 56-0475645·14
Total revenue
$2.6B
Total assets
$56.4B
Total expenses
$2.4B
Reported officers
34
Mission

TO BE THE TRUSTED PROVIDER OF FINANCIAL SERVICES TO EVERY ELIGIBLE MEMBER AND TO ENHANCE THE VALUE OF THEIR LIVES AND FINANCIAL WELL-BEING WHILE MAINTAINING OUR FISCAL STRENGTH.

Executive compensation, broken down

Form 990 · Schedule J · 23 reported individuals · Filing year 2023

President (thru 7/21/23)
$1.2M
$1.3M
Base
$819k
Bonus
$330k
Other
$18k
Benefits
$14k
$1.1M
$1.2M
Base
$848k
Bonus
Other
$126k
Benefits
$88k
Chief Financial Officer
$723k
$789k
Base
$507k
Bonus
Other
$134k
Benefits
$48k
Chief Lending Officer
officer (unspecified)
$629k
$687k
Base
$464k
Bonus
Other
$64k
Benefits
$46k
Chief Risk Officer (thru 12/6/23)
officer (unspecified)
$594k
$649k
Base
$497k
Bonus
Other
$27k
Benefits
$37k
Chief Information Technology Officer
chief information officer
$569k
$621k
Base
$437k
Bonus
Other
$29k
Benefits
$66k
Chief Operations Director
$528k
$577k
Base
$388k
Bonus
Other
$64k
Benefits
$42k
Chief Administrative Officer
officer (unspecified)
$521k
$569k
Base
$367k
Bonus
Other
$73k
Benefits
$48k
EVP - Member Experience
executive vice president
$490k
$535k
Base
$303k
Bonus
$100k
Other
$20k
Benefits
$33k
EVP - Deputy Chief Financial Officer
$488k
$533k
Base
$390k
Bonus
Other
$23k
Benefits
$42k
EVP - Chief Property Officer
$482k
$526k
Base
$355k
Bonus
Other
$50k
Benefits
$43k
Regional SVP (thru 12/4/23)
senior vice president
$458k
$500k
Base
$336k
Bonus
Other
$70k
Benefits
$22k
EVP - Director of IT Operations
$455k
$497k
Base
$304k
Bonus
Other
$81k
Benefits
$37k
EVP Director Chief Security Officer
$408k
$445k
Base
$295k
Bonus
Other
$17k
Benefits
$62k
Chief Learning & Experience
officer (unspecified)
$390k
$425k
Base
$299k
Bonus
Other
$37k
Benefits
$16k
EVP Loan Orginations & Systems Operations
executive vice president
$388k
$423k
Base
$228k
Bonus
$10k
Other
$89k
Benefits
$29k
Chief Legal Officer - General Counsel
key employee
$381k
$416k
Base
$289k
Bonus
Other
$26k
Benefits
$33k
EVP Loan Risk & Servicing Operations
executive vice president
$378k
$413k
Base
$214k
Bonus
$10k
Other
$86k
Benefits
$36k
Chief Audit and Regulatory
officer (unspecified)
$372k
$406k
Base
$309k
Bonus
Other
$18k
Benefits
$11k
Chief Risk Officer
officer (unspecified)
$205k
$224k
Base
$143k
Bonus
Other
$23k
Benefits
$23k
Director
board member
$2k
$3k
Director (thru 10/10/23)
board member
$1k
$2k
Director
board member
$1k
$2k

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 11 unpaid individuals.

Down 5%
from 2022

From $1.3M in 2022 to $1.2M in 2023.

$1.3M
2022
$1.2M
2023
In today's dollarsEst.
Down 9% in real terms$1.5M to $1.3M

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

STATE EMPLOYEES' CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.2B
$1.6B
2022
$2.6B
$2.4B
2023
Total revenue and total expenses from IRS Form 990 filings.
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