Credit Unions Near Me
National Credit Union Service Organization

STATE EMPLOYEES CREDIT UNION OF MARYLAND (SECU)

Mar, 31, 2022 — STATE EMPLOYEES CREDIT UNION OF MARYLAND (SECU) is a federally insured state chartered credit union headquartered in LINTHICUM, MD with 25 branch locations and about $4.91 billion in total assets. Opened 71 years ago in 1951, STATE EMPLOYEES CREDIT UNION OF MARYLAND (SECU) has about 245,505 members and employs 358 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 255076753
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:http://www.secumd.org
Branches:25 branch locations
Members:245,505
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$4,908,707,726
CEO/Manager:David Sweiderk
Chairperson:Juancho B Baino

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 177,819,775
TOTAL INVESTMENTS 0
Loans Held for Sale 11,225,805
 
 Real Estate Loans 2,804,851,405
 Unsecured Loans 272,094,285
 Other Loans 481,141,828
 TOTAL LOANS 3,558,087,518
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,000,000
 Land And Building 12,681,425
 Other Fixed Assets 26,680,312
 NCUSIF Deposit 40,492,054
 All Other Assets 558,600
  TOTAL ASSETS 4,908,707,726
LIABILITIES & CAPITAL:  
 Dividends Payable 1,638,523
 Notes & Interest Payable 90,000,000
 Accounts Payable & Other Liabilities 38,322,974
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 829,196,493
 Regular shares 1,276,075,486
 All Other Shares & Deposits 2,299,626,880
  TOTAL SHARES & DEPOSITS 4,404,898,859
  TOTAL LIABILITIES 4,534,860,356
 Regular Reserve 0
 Other Reserves -51,689,186
 Undivided Earnings 425,536,556
  TOTAL EQUITY 373,847,370
  TOTAL LIABILITIES, SHARES, & EQUITY 4,908,707,726
INCOME & EXPENSE  
 Loan Income 30,424,776
 Investment Income 2,133,813
 Other Income 2,965,853
 Total Employee Compensation & Benefits 10,150,937
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 24,589,293
 Non-operating Income & (Expense) -148,336
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -582,142
 Cost of Funds 4,298,007
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,742,710
↑ Back to Top

Other Credit Unions

THE MOUNT LEBANON FEDERAL CREDIT UNION
2812 Reisterstown Rd
BALTIMORE, MD 21215-7903
MASTERS, MATES & PILOTS (MM&P) FEDERAL CREDIT UNION
700 Maritime Blvd
LINTHICUM, MD 21090
FIAFE FEDERAL CREDIT UNION
7062 Friendship Rd., Airport Contr
BALTIMORE, MD 21240
LOCAL 355 MD FEDERAL CREDIT UNION
1030 S DUKELAND ST
BALTIMORE, MD 21223-3303
BALTIMORE WASHINGTON FEDERAL CREDIT UNION
301 HOSPITAL DR
GLEN BURNIE, MD 21061-5803
HOWARD COUNTY EDUCATION FEDERAL CREDIT UNION
3458 Ellicott Center Dr Ste 106
ELLICOTT CITY, MD 21043-4178
POST OFFICE CREDIT UNION OF MARYLAND, INC
900 E Fayette St Rm 606
BALTIMORE, MD 21233-1050
SELFRELIANCE BALTO FEDERAL CREDIT UNION
2345 Eastern Ave
BALTIMORE, MD 21224-3612
MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION
1631 Merritt Blvd
BALTIMORE, MD 21222
FIVE STAR OF MARYLAND FEDERAL CREDIT UNION
716 Maiden Choice Ln
BALTIMORE, MD 21228