Friends of David Serlo at State Employees’ Credit Union honor the former PSCU CEO.

Leigh Brady, Senior Vice President
Education Services, SECU
919-807-8344, fax: 919-807-8348

At a recent State Employees’ Credit Union (SECU) statewide Managers’ Meeting, David Serlo’s friends at SECU paid tribute to the longtime PSCU CEO with a significant donation to SECU Family House in his memory.  The gift will provide the furnishings for one of the 40 bedrooms at the House.  The surprise gift announcement and presentation of a plaque for Mr. Serlo’s family was made to PSCU Financial Services Group Executive Chuck Fagan, III, who spoke at the SECU meeting. 

Serlo, whose life exemplified SECU’s own credo of “People Helping People,” lost his long-time battle with cancer in June of this year.  The gift to SECU Family House in Chapel Hill, NC not only honors Serlo, but recognizes the housing and healing needs of families enduring critical illness.

Leanne Phelps, SVP of SECU’s Card and Record Services department, remarks, “David Serlo left quite a legacy of service to the credit union industry.  He wanted members to receive fair priced, quality products and his work helped to level that playing field, with many Americans of modest means as the beneficiaries.  While SECU directly benefited from David’s knowledge of the card industry, the broader community continues to benefit from his giving spirit.”

Greg Kirkpatrick, Executive Director of SECU Family House, comments, “Funding provided to furnish a guest room helps SECU Family House to place more dollars towards expenses associated with guest stays.  To illustrate the impact, a gift of $12.50 provides one family with a room and food for a night. The Friends of David Serlo gift from SECU makes it possible for 115 families to stay here for seven nights, which is the average length of stay for a seriously ill patient and caregiver at SECU Family House at UNC Hospitals. The Serlo Family can take comfort that Dave’s legacy is measured in part by the willingness of friends to remember and honor him in a tangible way that contributes to the comfort and support of families who are going through difficult medical crises of their own.”

Chuck Fagan, Group Executive with PSCU Financial Services states, “Dave Serlo was especially proud of the long standing relationship between SECU of North Carolina and PSCU Financial Services.  He would be particularly pleased with this recognition because the members of SECU and their Foundation are making such an impactful difference in communities across North Carolina.  Actively supporting numerous organizations such as Children’s Miracle Network and the American Red Cross, Dave sought out opportunities to participate in meaningful causes, both personally and through PSCU Financial Services, and the SECU Family House aligns perfectly with his belief in the importance of, and responsibility citizens have, to give back.  Dave’s career was dedicated to positioning credit unions to offer competitive products and services that enable financial success for individual members.  Both his working career and participation with various charitable causes exemplified the ‘People Helping People’ philosophy.”


About SECU

SECU is a non-profit financial cooperative owned by its members.  SECU has been providing the employees of the State of North Carolina and their families with consumer financial services for more than 70 years.  Currently serving 1.6 million members, SECU provides services through 232 branch offices, over 1,000 ATMs, 24/7 call centers and a website—

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