State Employees’ Credit Union invites its members to take advantage of their best money market account that offers attractive interest rates. The credit union lets you earn 1.26% APY for balances of $250 and above. Some of the important features of this money in the bank deal are the following:

• deposit a minimum balance of $250 to open an account
• no monthly service fee
• dividend earnings are being compounded daily and paid monthly

In case your balance drops below $250 you will be receiving a penalty of $2. Once you open a money market account with the credit union, you still need to check the rates with State Employees’ Credit Union since current rates may change without notice.

State Employees’ Credit Union who wants to become a member should meet the eligibility requirements: must be employees working in the state of North Carolina; Public Boards of Education employee; pensioners; North Carolina National Guard members. The credit union requires you to open a share account with a minimum deposit of $25. you would also need to download and print a copy of the membership form. After completing the form you need to mail it to the credit union, you may also fax it to them, or bring it to their local branch near you. You may also want to call their contact center for more information regarding application thru 888-732-8329.

State Employees’ Credit Union is headquartered in 1000 Wade Ave., Raleigh, North Carolina 27605.

State Employees’ Credit Union is also considered as one of the largest credit union which have a total of $21.5 billion in assets and around 1.6 million members. The credit union was founded in 1937.

Deposits with the State Employees’ Credit Union is covered by National Credit Union Administration that has a charter number of 66310.