State Employees' Credit Union
Raleigh, NC · EIN 56-0475645 · Rank 195 by total revenue
To be the trusted provider of financial services to every eligible member and to enhance the quality of their lives and financial well-being while maintaining our fiscal strength.
Money, Form 990 for tax year 2024
- Total revenue
- $2,922,921,560
- Total expenses
- $2,645,445,120
- Total assets
- $56,111,610,046
- Salary base (all salaries and wages)
- $602,560,148
- Salaries, other pay and benefits
- $783,694,889
- Employees
- 9,217
- Salary base per employee
- $65,375
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (25)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Leigh Brady | PRESIDENT | Officer | 40 | $1,230,909 |
| Rex Spivey | CHIEF FINANCIAL OFFICER | Officer | 40 | $649,086 |
| Joshua Bomba | CITO (LEFT 12/13/24) | Officer | 40 | $599,800 |
| Sara Trexler | CHIEF ADMINISTRATIVE OFFICER | Officer | 40 | $535,264 |
| Jennifer Hamrick | CHIEF OPERATIONS DIRECTOR | Officer | 40 | $531,997 |
| Cathy Plaut | CHIEF LEGAL OFFICER - GENERAL COUNSEL | Officer | 40 | $485,120 |
| Jamie Applequist | EVP - CHIEF PROPERTY OFFICER | Officer | 40 | $468,736 |
| Carl Seabrook | CHIEF AUDIT AND REGULATORY | Officer | 40 | $401,912 |
| Sarah Thompson | CHIEF RISK OFFICER | Officer | 40 | $342,408 |
| Mona Moon | CHAIR | Board, Officer | 5 | None reported |
| Stelfanie Williams | VICE CHAIR | Board, Officer | 5 | None reported |
| Jennifer Haygood | SECRETARY/TREASURER | Board, Officer | 5 | None reported |
| Jared Benesh | EVP - MEMBER EXPERIENCE | Key employee | 40 | $594,415 |
| Stacie Walker | CHIEF LENDING OFFICER | Key employee | 40 | $575,543 |
| William Deans | EVP - DIRECTOR OF IT OPERATIONS | Key employee | 40 | $405,341 |
| Jonathan Coburn | EVP LOAN ORGIN. & SYSTEM OPERATIONS | Key employee | 40 | $362,842 |
| Spencer Scarboro | EVP LOAN RISK & SERVICING OPERATIONS | Key employee | 40 | $360,833 |
| Michael Clements | DIRECTOR | Board | 5 | $9,573 |
| Mark Fleming | DIRECTOR | Board | 5 | $729 |
| Chris Ayers | DIRECTOR | Board | 5 | None reported |
| Bob Brinson | DIRECTOR | Board | 5 | None reported |
| Ben McLawhorn | DIRECTOR | Board | 5 | None reported |
| Barbara Perkins | DIRECTOR | Board | 5 | None reported |
| Chuck Stone | DIRECTOR | Board | 5 | None reported |
| McKinley Wooten Jr | DIRECTOR | Board | 5 | None reported |
Top 10 paid people listed
These 10 people received $6,161,615, which is 1.0% of the $602,560,148 salary base shared by 9,217 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Leigh Brady | PRESIDENT | Officer | 40 | $1,166,503 | $0 | $64,406 | $1,230,909 |
| Rex Spivey | CHIEF FINANCIAL OFFICER | Officer | 40 | $600,433 | $0 | $48,653 | $649,086 |
| Joshua Bomba | CITO (LEFT 12/13/24) | Officer | 40 | $539,659 | $0 | $60,141 | $599,800 |
| Jared Benesh | EVP - MEMBER EXPERIENCE | Key employee | 40 | $535,802 | $0 | $58,613 | $594,415 |
| Stacie Walker | CHIEF LENDING OFFICER | Key employee | 40 | $507,394 | $0 | $68,149 | $575,543 |
| Sara Trexler | CHIEF ADMINISTRATIVE OFFICER | Officer | 40 | $472,678 | $0 | $62,586 | $535,264 |
| Jennifer Hamrick | CHIEF OPERATIONS DIRECTOR | Officer | 40 | $476,312 | $0 | $55,685 | $531,997 |
| John Sykes | EVP - DEPUTY CHIEF FINANCIAL OFFICER | Highly paid employee | 40 | $432,644 | $0 | $58,101 | $490,745 |
| Cathy Plaut | CHIEF LEGAL OFFICER - GENERAL COUNSEL | Officer | 40 | $425,099 | $0 | $60,021 | $485,120 |
| Jamie Applequist | EVP - CHIEF PROPERTY OFFICER | Officer | 40 | $411,712 | $0 | $57,024 | $468,736 |
Sources
- IRS e-file return 202611359349306651 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 56-0475645
- Organization website (as filed): www.ncsecu.org