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    <Timestamp>2011-03-09T08:36:20-08:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>FAHNESTOCK FINANCIAL SERVICES INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>325 MARKET ST SUITE F</AddressLine1>
        <City>ALTON</City>
        <State>IL</State>
        <ZIPCode>620026275</ZIPCode>
      </PreparerFirmUSAddress>
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    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
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      <Name>
        <BusinessNameLine1>STATE EMPLOYEES COMMUNITY CREDIT UNION</BusinessNameLine1>
      </Name>
      <NameControl>STAT</NameControl>
      <Phone>6184655142</Phone>
      <USAddress>
        <AddressLine1>4500 COLLEGE AVENUE</AddressLine1>
        <City>ALTON</City>
        <State>IL</State>
        <ZIPCode>62002</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>RIKKI KOLB</Name>
      <Title>PRESIDENT</Title>
      <Phone>6184655142</Phone>
      <DateSigned>2011-03-02</DateSigned>
    </Officer>
    <Preparer>
      <Name>THOMAS B FAHNESTOCK CPA</Name>
      <Phone>6184624135</Phone>
      <DatePrepared>2011-03-09</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <AddressPrincipalOfficerUS>
        <AddressLine1>78 ECKHARD</AddressLine1>
        <City>WOOD RIVER</City>
        <State>IL</State>
        <ZIPCode>62095</ZIPCode>
      </AddressPrincipalOfficerUS>
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      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="14">X</Organization501c>
      <WebSite>N/A</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1952</YearFormation>
      <StateLegalDomicile>IL</StateLegalDomicile>
      <ActivityOrMissionDescription>COMMUNITY CREDIT UNION</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>8</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>7</NbrIndependentVotingMembers>
      <TotalNbrEmployees>2</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsCurrentYear>0</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>229743</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>232533</ProgramServiceRevenueCY>
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      <InvestmentIncomeCurrentYear>32951</InvestmentIncomeCurrentYear>
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      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>81339</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>90230</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
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      <TotalLiabilitiesEOY>4619827</TotalLiabilitiesEOY>
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      <NetAssetsOrFundBalancesEOY>724562</NetAssetsOrFundBalancesEOY>
      <MissionDescription>COMMUNITY CREDIT UNION</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Description>PROVIDE CONSUMER LOANS FOR MEMBERS</Description>
      <Activity2>
        <Description>RECIEVE SAVINGS DEPOSIT FROM MEMBERS</Description>
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      <ScheduleBRequired>false</ScheduleBRequired>
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      <LobbyingActivities>false</LobbyingActivities>
      <DonorAdvisedFunds>false</DonorAdvisedFunds>
      <ConservationEasements>false</ConservationEasements>
      <CollectionsOfArt>false</CollectionsOfArt>
      <CreditCounseling>false</CreditCounseling>
      <TermOrPermanentEndowments>false</TermOrPermanentEndowments>
      <ReportLandBldgEquip>false</ReportLandBldgEquip>
      <ReportInvestOthSecurities>false</ReportInvestOthSecurities>
      <ReportProgRelInvest>false</ReportProgRelInvest>
      <ReportOtherAssets>false</ReportOtherAssets>
      <ReportOtherLiabilities>false</ReportOtherLiabilities>
      <ReportFin48Footnote>false</ReportFin48Footnote>
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      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleL">true</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
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      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
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      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
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      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>2</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
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      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
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      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <IndoorTanningServices>false</IndoorTanningServices>
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      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>true</MembersOrStockholders>
      <ElectionOfBoardMembers>true</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>true</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>false</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>RIKKI KOLB</NamePerson>
        <TelephoneNumber>6184655142</TelephoneNumber>
        <AddressUS>
          <AddressLine1>4500 COLLEGE AVENUE</AddressLine1>
          <City>ALTON</City>
          <State>IL</State>
          <ZIPCode>620025051</ZIPCode>
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        <NamePerson>CARLA GALBRATH</NamePerson>
        <Title>CHAIRPERSON</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>RIKKI KOLB</NamePerson>
        <Title>PRESIDENT</Title>
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        <Officer>X</Officer>
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        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>MICHAEL LEN</NamePerson>
        <Title>BOARD MEMBER</Title>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>LAURA FORTADO</NamePerson>
        <Title>TREASURER</Title>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>GREG HARRISON</NamePerson>
        <Title>SUPER. COMM. CHAIR.</Title>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>DEBORAH L DYLE</NamePerson>
        <Title>BOARD MEMBER</Title>
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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>JERRY MALIN</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>ZELMA D WESLEY</NamePerson>
        <Title>BOARD MEMBER</Title>
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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
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        <RelatedOrExemptFunctionIncome>297813</RelatedOrExemptFunctionIncome>
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        <ProgramServices>90230</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <FeesForServicesAccounting>
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        <ProgramServices>6069</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <OfficeExpenses>
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        <ProgramServices>80322</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <Travel>
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        <ProgramServices>858</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Travel>
      <Interest>
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        <ProgramServices>63152</ProgramServices>
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      <OtherExpenses>
        <Description>MEMBER INSURANCE</Description>
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      </OtherExpenses>
      <OtherExpenses>
        <Description>EDUCATION AND PROMOTION</Description>
        <Total>6209</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LOAN SERVICE EXPENSE</Description>
        <Total>3128</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>215</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PROVISION FOR LOAN LOSSES</Description>
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      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>283438</Total>
        <ProgramServices>240631</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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        <EOY>103866</EOY>
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        <EOY>2663822</EOY>
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        <EOY>11145</EOY>
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        <BOY>37208</BOY>
        <EOY>49653</EOY>
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        <EOY>5344389</EOY>
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      <AccountsPayableAccruedExpenses>
        <BOY>34967</BOY>
        <EOY>50485</EOY>
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      <UnsecuredNotesLoansPayable>
        <BOY>3914574</BOY>
        <EOY>4569342</EOY>
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        <BOY>3949541</BOY>
        <EOY>4619827</EOY>
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        <EOY>724562</EOY>
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        <EOY>724562</EOY>
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      <TotalLiabNetAssetsFundBalances>
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        <EOY>5344389</EOY>
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      <ReconcilationRevenueExpenses>4659728</ReconcilationRevenueExpenses>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AccountantCompileOrReview>true</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
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        <NamePerson>ZELMA DAVIS-WESLEY</NamePerson>
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        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>45000</OriginalPrincipalAmount>
        <BalanceDue>14903</BalanceDue>
        <Default>false</Default>
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        <WrittenAgreement>true</WrittenAgreement>
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      <LoanTable>
        <NamePerson>CARINA DUNLAP-RIDDLE</NamePerson>
        <PurposeOfLoan>SIGNATURE</PurposeOfLoan>
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        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
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      <LoanTable>
        <NamePerson>GREGORY HARRISON</NamePerson>
        <PurposeOfLoan>USED CAR LOAN</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>15262</OriginalPrincipalAmount>
        <BalanceDue>8777</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
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      <LoanTable>
        <NamePerson>RIKKI KOLB</NamePerson>
        <PurposeOfLoan>SIGN/CAR</PurposeOfLoan>
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        <BalanceDue>42604</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <LoanTable>
        <NamePerson>MICHAEL LEN</NamePerson>
        <PurposeOfLoan>SIGNATURE</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>4742</OriginalPrincipalAmount>
        <BalanceDue>2719</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <LoanTable>
        <NamePerson>JERRY MALIN</NamePerson>
        <PurposeOfLoan>VACATION</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>1517</OriginalPrincipalAmount>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <LoanTable>
        <NamePerson>DARLENE YARBOROUGH</NamePerson>
        <PurposeOfLoan>CAR LOAN</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>55998</OriginalPrincipalAmount>
        <BalanceDue>31114</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>103866</TotalBalanceDue>
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      <GeneralExplanation>
        <Identifier>Pt VI-C, Line 19</Identifier>
        <Explanation>ALL DEPOSITORS AND BORROWERS ARE MEMBERS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-A, Line 7a</Identifier>
        <Explanation>THE MEMMBERS ELECT THE BOARD AT THEIR ANNUAL MEETING</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-A, Line 7b</Identifier>
        <Explanation>THE ACTIONS OF THE BOARD ARE APPROVED AT THE ANNUAL MEETING</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 11a</Identifier>
        <Explanation>THE FORM 990 WILL BE APPROVED BY THE BOARD</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 12c</Identifier>
        <Explanation>THE BOARD MONITORS ALL PURCHASES MONTHLY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 15</Identifier>
        <Explanation>COMPENSATION IS REVIEWED AND SET BY THE BOARD</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-C, Line 19</Identifier>
        <Explanation>DOCUMENTS ARE AVAILABLE AT THE OFFICE OF THE CREDIT UNION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-A, Line 6</Identifier>
        <Explanation>EVERY DEPOSITOR IS A MEMBER OF THE CREDIT UNION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>MEMBER INSURANCE AUDIT &amp; EXAM NCUSIF STABILIZATION OTHER NON-OPERATING LOAN LOSS PROVISION</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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