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Home / Banking / Picks: 5 Best Credit Unions in Raleigh


We have said many times that we prefer credit unions to large, national banks. The reasons are many, but the biggest are that they are not-for-profit, offer more forgiving lending criteria, and lower interest rates on loans. Not all credit unions are created equal. Some are more financially stable than others, offer a larger number of services, and have great customer service. Since Raleigh is such a large area, finding the best credit union in the area can be next to impossible without some help, so we put on our Superman cape and compiled this list of the five best credit unions in Raleigh.


Many things went into compiling the list. The most significant are total assets, financial stability based on Bauer Financial’s 5-star system, membership, and customer service reviews. We also looked through Better Business Bureau (BBB) records. Additionally, we looked at posted annual reports, products and programs offered, and the variety of services available. Without further ado, here is our list.

Coastal Federal Credit Union (@Coastal24)

coastal-fcuCoastal Federal Credit Union has maintained a five-star financial stability rating for several years. Coastal offers 15 dedicated branches in the Raleigh-Durham and Research Triangle areas. In addition to its dedicated branches, members have access to over 50,000 surcharge free ATMs and 3,500 Co-Op branches around the country.

Freedom Credit Union (@FreedomCU)

freedom-fcu-ncFreedom Credit Union was established in 1952 as the Rocky Mount ACL Federal Credit Union. Freedom is a small institution with just a handful of locations, but it offers excellent customer service and an outstanding dedication to the communities that it serves. It is five-star rated for its financial stability and there are no open complaints with the BBB.

RTP Federal Credit Union (@RTP_FCU)

RTP-FCURTP is another smallish credit union serving the Raleigh and Research Triangle areas. Membership is open to more than 300 organizations. Despite only having a few dedicated branches, RTP is tied into surcharge-free ATMs throughout the Raleigh-Durham area in addition to the Research Triangle.

State Employees Credit Union

SECU NCState Employees Credit Union has five locations in Raleigh and several others throughout North Carolina. State Employees controls close to $1 billion in assets. There are no open BBB complaints and Bauer gives State Employees a four-star financial stability rating.

Summit Credit Union (@SummitCU_NC)

Summit-CUSummit Credit Union is a small institution with just six branches and only one in Raleigh. Membership is open to the employees and family members of more than 180 companies and organizations. While there are only six locations, Summit offer access to more than 55,000 surcharge-free ATMs and 5,000 Co-Op branches around the city and country. The major perk of using such a small credit union is the amazing customer service you will receive.

It would be tough to go wrong working with any of these great credit unions. If you’d like a full list of Raleigh credit unions and branch locations, you can peruse one here, and you can check out our ranking of the top credit union blogs.

Sharing the Love

If your credit union made our list–or you just want to share the love–please consider reposting this list on your blog or site using the HTML code below!


About the author: Jerry Coffey


Jerry Coffey spent many years in a debt-riddled gray area somewhere between broke and desperately broke. His seemingly endless need for more and more cash led him to payday loans, repossessions, bankruptcy, and depression. After years of the same financial style, he heard a piece of advice that inspired him to find a way to change. The advice: ''The very definition of a fool is someone who continues to do the same things, but expects different results.'' This led him to a much more frugal lifestyle that sees all of his bills paid on time and a growing savings account. Even the seed of a retirement account has begun to sprout.


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