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Filing year 2023

STATE EMPLOYEES' CREDIT UNION

Raleigh, North Carolina·EIN 56-0475645·501(c)(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 · Part VII & Schedule J · 23 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President (thru 7/21/23)
Above 90th percentile
$1.2M
$1.3M
Base
$819k
Bonus
$330k
Other
$18k
Benefits
$14k
President
Above 90th percentile
$1.1M
$1.2M
Base
$848k
Bonus
Other
$126k
Benefits
$88k
Chief Financial Officer
Above 90th percentile
$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
Above 90th percentile
$569k
$621k
Base
$437k
Bonus
Other
$29k
Benefits
$66k
Chief Operations Director
Above 90th percentile
$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
75th to 90th percentile
$490k
$535k
Base
$303k
Bonus
$100k
Other
$20k
Benefits
$33k
EVP - Deputy Chief Financial Officer
Above 90th percentile
$488k
$533k
Base
$390k
Bonus
Other
$23k
Benefits
$42k
EVP - Chief Property Officer
Above 90th percentile
$482k
$526k
Base
$355k
Bonus
Other
$50k
Benefits
$43k
Regional SVP (thru 12/4/23)
Senior Vice President
75th to 90th percentile
$458k
$500k
Base
$336k
Bonus
Other
$70k
Benefits
$22k
EVP - Director of IT Operations
Above 90th percentile
$455k
$497k
Base
$304k
Bonus
Other
$81k
Benefits
$37k
EVP Director Chief Security Officer
Above 90th percentile
$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
75th to 90th percentile
$388k
$423k
Base
$228k
Bonus
$10k
Other
$89k
Benefits
$29k
Chief Legal Officer - General Counsel
Key Employee
75th to 90th percentile
$381k
$416k
Base
$289k
Bonus
Other
$26k
Benefits
$33k
EVP Loan Risk & Servicing Operations
Executive Vice President
75th to 90th percentile
$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
10th to 25th percentile
$2k
$3k
Director (thru 10/10/23)
Board Member
10th to 25th percentile
$1k
$2k
Director
Board Member
10th to 25th percentile
$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.

Pay for the position

Chief Executive Officer pay fell 5% from 2022 to 2023, while revenue rose 20%.

$1.3M in 2022 to $1.2M in 2023.
  • Chief Financial Officer pay rose 17% from 2022 to 2023.
  • Chief Information Officer pay rose 14% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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.
FAQ

Common questions about STATE EMPLOYEES' CREDIT UNION

What does the Chief Executive Officer of STATE EMPLOYEES' CREDIT UNION earn?

In 2023, the Chief Executive Officer of STATE EMPLOYEES' CREDIT UNION received $1,213,925 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at STATE EMPLOYEES' CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at STATE EMPLOYEES' CREDIT UNION falls in the top 10%.

What are STATE EMPLOYEES' CREDIT UNION's revenue and expenses?

In 2023, STATE EMPLOYEES' CREDIT UNION reported $2.6B in total revenue and $2.4B in total expenses on its IRS Form 990.

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