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STATE EMPLOYEES CREDIT UNION OF MARYLAND (SECU)

Mar, 31, 2021 — STATE EMPLOYEES CREDIT UNION OF MARYLAND (SECU) is a federally insured state chartered credit union headquartered in LINTHICUM, MD with 23 branch locations and about $4.61 billion in total assets. Opened 70 years ago in 1951, STATE EMPLOYEES CREDIT UNION OF MARYLAND (SECU) has about 250,012 members and employs 339 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 BOULEVARD
LINTHICUM, MD 21090
Phone:(410) 487-7300
Fax:(410) 487-7011
Website:http://www.secumd.org
Branches:23 branch locations
Members:250,012
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:$4,614,778,874
CEO/Manager:David Sweiderk
Chairperson:Mark A Reger

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 769,552,176
TOTAL INVESTMENTS 827,226,721
Loans Held for Sale 61,483,013
 
 Real Estate Loans 1,942,616,250
 Unsecured Loans 286,704,745
 Other Loans 527,422,998
 TOTAL LOANS 2,756,743,993
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -35,600,000
 Land And Building 27,733,218
 Other Fixed Assets 10,903,863
 NCUSIF Deposit 36,329,653
 All Other Assets 160,406,237
  TOTAL ASSETS 4,614,778,874
LIABILITIES & CAPITAL:  
 Dividends Payable 2,348,349
 Notes & Interest Payable 45,000,000
 Accounts Payable & Other Liabilities 37,663,074
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 765,969,846
 Regular shares 1,126,556,351
 All Other Shares & Deposits 2,238,993,821
  TOTAL SHARES & DEPOSITS 4,131,520,018
  TOTAL LIABILITIES 4,216,531,441
 Regular Reserve 132,440,000
 Other Reserves -3,423,749
 Undivided Earnings 269,231,182
  TOTAL EQUITY 398,247,433
  TOTAL LIABILITIES, SHARES, & EQUITY 4,614,778,874
INCOME & EXPENSE  
 Loan Income 26,795,801
 Investment Income 1,195,043
 Other Income 2,881,207
 Total Employee Compensation & Benefits 7,938,754
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 21,822,946
 Non-operating Income & (Expense) 30,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,657,444
 Cost of Funds 5,153,436
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,098,139
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