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Oe and a half million North Carolinians, who are members of State Employees’ Credit Union, have $175 million on deposit at the NCUA with the NCUSIF. This deposit is owned by SECU members and is fully refundable. SECU carries that $175 million on its financial statements as an asset and has a full fiduciary responsibility to our members for that asset.

Peter Westerman

Credit Union Times

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