#69 of 500 · Member & Benefit Funds

State Chartered Credit Unions Inc

EIN 56-0475645 · NC · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit financial cooperative headquartered in Raleigh, North Carolina. Founded in 1937 to serve state employees and their families, it is among the largest U.S. credit unions, with roughly $50 billion in assets, over 2.7 million members, and about 275 branches spanning all 100 North Carolina counties. It provides consumer banking services including savings, checking, loans, mortgages, and credit cards.

Financials, fiscal 2023

Revenue

$2.18B

Expenses

$1.59B

Total assets

$49.63B

Net assets

$4.05B

Operating margin

26.8%

1-year growth

30.9%

5-year growth (CAGR)

8.7%

Reserve (years of spending)

30.5

Contributions share

n/a

Programme spending

81.6%

Fundraising cost

n/a

Executive pay share

0.47%

Employees

9,136

Revenue per employee

$238K

Grants paid

$3.5M

Years filing

54

NFP Health Score: 68 / 100

Financial 61 · Governance 65 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history