Record #:

44464

Author(s):

Burritt, Chris

Abstract:

"A $4 billion N.C. credit union makes a break from its past, testing the transition skills of leadership." In 1983, State Employees Credit Union leaders formed Local Government Federal Credit Union under a federal charter, side-stepping a North Carolina Supreme Court ruling regarding membership in SECU. Dwayne Naylor took over Local Government in 2023. Naylor helped create Local government's affiliate, Civic Federal Credit Union in 2018. On June 3 of this year, Local Government will end its close relationship with SECU and reform under the Civic Federal Credit Union brand,

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 45 Issue 6, June 2025, p72-74, il, por

Subject(s):

Credit unions; Civic Federal Credit Union; State Employees Credit Union (SECU)