State Employees Credit Union looking at office in Granite Quarry

Published 2:32 pm Friday, May 20, 2016

By Mark Wineka

GRANITE QUARRY — The State Employees Credit Union, which has a longtime branch office at 1030 Mooresville Road in Salisbury, is seriously looking at property in Granite Quarry for an additional branch office.

Granite Quarry Mayor Bill Feather confirmed Friday the credit union is considering a couple of parcels along U.S. 52 in the area off Granite Lake between East 52 Auto Care Center and certified public accountant Gary Morgan’s office.

Feather said he thinks the credit union already has some of the property under contract. The location would be inside the city limits and subject to town and county property taxes.

The credit union is not close to an official announcement about the site, Feather said, because it has to do more investigation. The branch would be of more modern styling than the office on Mooresville Road, Feather said, and is also would require some rezoning.

Part of the site already is zoned for highway-business uses, while another portion is residentially zoned, according to the mayor.

The State Employees Credit Union was established in 1937, and it has a presence in all of North Carolina’s 100 counties. Today, the credit union has 255 branches statewide and 1,100 CashPoints automatic teller machines.

By definition, a credit union is a “cooperative financial institution,” which is owned and operated by the people who use its services. A credit union is not-for-profit. Like banks and savings and loans, credit unions accept deposits and make loans, and they are regulated.

Contact Mark Wineka at 704-797-4263, or