Sep, 30, 2025 — STATE EMPLOYEES CREDIT UNION OF MARYLAND (SECU) is a federally insured state chartered credit union headquartered in LINTHICUM, MD with 24 branch locations and about $5.69 billion in total assets. Opened 75 years ago in 1951, STATE EMPLOYEES CREDIT UNION OF MARYLAND (SECU) has about 269,179 members and employs 457 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE EMPLOYEES CREDIT UNION OF MARYLAND |
|---|---|
| Address: (Main Office) | 971 Corporate Blvd LINTHICUM, MD 21090-2342 |
| Phone: | (410) 487-7300 |
| Fax: | (410) 487-7011 |
| Website: | https://www.secumd.org |
| Branches: | 24 branch locations |
| Members: | 269,179 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66330 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,689,365,518 |
| CEO/Manager: | David Sweiderk |
| Chairperson: | Gayle M Seward |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 292,496,580 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 10,350,851 |
| Real Estate Loans | 3,801,505,322 |
| Unsecured Loans | 345,572,468 |
| Other Loans | 370,913,150 |
| TOTAL LOANS | 4,517,990,940 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,829,973 |
| Land And Building | 42,600,431 |
| Other Fixed Assets | 10,915,390 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 45,194,719 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,689,365,518 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,653,924 |
| Notes & Interest Payable | 333,000,000 |
| Accounts Payable & Other Liabilities | 90,185,016 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 907,335,801 |
| Regular shares | 1,173,136,425 |
| All Other Shares & Deposits | 2,654,427,524 |
| TOTAL SHARES & DEPOSITS | 4,734,899,749 |
| TOTAL LIABILITIES | 5,166,886,443 |
| Regular Reserve | 0 |
| Other Reserves | 190,157,766 |
| Undivided Earnings | 332,321,309 |
| TOTAL EQUITY | 522,479,075 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,689,365,518 |
| INCOME & EXPENSE | |
| Loan Income | 176,481,724 |
| Investment Income | 12,326,095 |
| Other Income | 13,466,719 |
| Total Employee Compensation & Benefits | 44,807,954 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 86,196,655 |
| Non-operating Income & (Expense) | 79,280 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,795,581 |
| Cost of Funds | 67,854,556 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,042,351 |
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