NCSECUNorth Carolina State Employees Credit Union (Raleigh, North Carolina)
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NCSECU retains 5 percent of each loan in a savings account that grows with each loan, and access to the funds is restricted; withdrawing funds bars the customer from obtaining another advance in the subsequent six months.
311) NCSECU offers a Salary Advance Loan ("SALO") at 12% APR with a maximum outstanding balance of $500, which is due in two weeks.
After what he considers a great learning experience at NCSECU, in 1979 Foulke accepted an offer to become general manager of what is today AHFCU.