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State Employees' Credit Union pledges $3 million to Battleship NC

Posted May 27, 2014

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— North Carolina's State Employees Credit Union Foundation pledged $3 million Tuesday to preserve Battleship North Carolina on the Wilmington waterfront. The donation is the largest ever to the floating museum, Capt. Terry Bragg, battleship executive director, said.

"The SECU Foundation’s generous donation will fund the construction of a veteran’s memorial walkway around the ship, as recognition to the service and sacrifice of all veterans,” Bragg said.

Battleship upkeep is funded primarily by the cost of admission charged to tourists along with other donations. 

“As a proud Navy veteran, this project holds a special place in my heart, and I couldn’t be more thrilled," said Jim Barber, immediate past chair of the SECU Foundation.

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  • Chase Truman May 28, 2014
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    I think this is good. I have been on the battleship at least 3 times and I always enjoy it. If this is how SECU wants to spend its money, so be it. I have never worked with a better bank than SECU.

  • Anita Woody May 27, 2014

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    Horsefeathers. Nobody is making you keep your money at the SECU. Go to a for profit bank and then come back and tell us how you like the fees, and the easy low cost loans that I am sure far superior to the Credit Union. Money comes from the foundation anyways, and I am happy to see it invested right here for the good of OUR STATE.

  • Arthur Raleigh May 27, 2014
    user avatar

    $3,000,000 for a walkway? Wow. I think there probably is some other good use for that?

  • ncnremtp May 27, 2014

    "so THAT'S why I can't get higher interest rates on my savings--they're giving the money away"

    Read again, it's the SECU Foundation that is providing the donation. All checking account holders contribute $1 a month to the foundation. Try getting a $1 checking account at any bank. As an account holder, I applaud the efforts of the foundation and don't mind the nominal expense of $12 a year for a checking account.

  • Sue Sloan May 27, 2014
    user avatar

    so THAT'S why I can't get higher interest rates on my savings--they're giving the money away