State Employees’ Credit Union honored with National Award for its Mortgage Assistance Program!

CONTACT:
Leigh Brady, Senior Vice President
Education Services, SECU
919-807-8344, fax: 919-807-8348
E-mail: leigh.brady@ncsecu.org

Raleigh, NC, March 31 – State Employees’ Credit Union (SECU) was recently honored with a national first place Louise A. Herring Award for Philosophy in Action for the Credit Union’s beneficial Mortgage Assistance Program (MAP), designed to help members stay in their homes and avoid foreclosure.  Sponsored by the Credit Union National Association (CUNA), the award was presented to SECU’s Board of Director Chairman, Jim Barber, at the Governmental Affairs Conference held in Washington DC.  The Louise A. Herring Award recognizes credit unions that do an extraordinary job incorporating credit union philosophy into daily operations.

Prior to winning the national award, SECU competed in North Carolina Credit Union League’s statewide competition and received a first place finish.  Credit unions compete at both state and national levels based on asset size.  SECU won the Louise A. Herring Award in the category of credit unions with assets of more than $250 million.

Jim Barber, SECU’s Board of Directors Chairman, comments, “The Mortgage Assistance Program was developed as both a reactive and proactive measure, helping members at the first sign of delinquency, as well as those facing job loss due to upcoming workforce reductions.  Through a variety of payment options and personalized financial plans within the program, the Credit Union has already helped 7,000 North Carolina families, and we are continuing to refine MAP to assist even more.  While very rewarding for SECU to help fellow members who may be struggling in this economy, it is also a great feeling to be recognized by CUNA for these efforts.”

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 over 70 years. Currently serving more than 1.6 million members, SECU provides services through 236 branch offices, nearly 1,100 ATMs, 24/7 Contact Centers and a website, www.ncsecu.org

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