Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Business North Carolina Vol. 22 Issue 11, Nov 2002
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North Carolina's banks are ranked by their 2001 revenues. Bank of America and Wachovia repeated their first and second place rankings from 2001. For the first time the ranking of the state's largest financial institutions included credit unions. Most of the 70 credit unions are ranked near the bottom, but two Raleigh-based ones, the State Employees Credit Union and the Coastal Federal Credit Union, are ranked 5th and 9th respectively.
Jim Blaine joined the Raleigh-based State Employees Credit Union in 1973. Six years later he was its president and CEO. The credit union had 25 branches and $300 million in assets when he became president. Blaine has built it into the nation's second-largest credit union and the state's fifth-biggest financial institution. Murray discusses the man and his methods.