EIN 52-0627114

State Employees Credit Union of Maryland (SECU)

IRS 501(c) type
501(c)(14)
Num. employees
499
Year formed
1951
Most recent tax filings
2022-12-01
Description
Secu's main purpose is to promote thrift among and to create a source of Credit for its members. Secu does so by providing marylanders with products, services, and State of the art technology designed to meet its members' financial needs.
Total revenues
$216,273,782
2022
Total expenses
$174,014,189
2022
Total assets
$5,313,600,650
2022
Num. employees
499
2022

Program areas at SECU

Deposit products and services:secu provides deposit products and services to members. These deposit products include savings, checking, money market, certificates of deposit, and individual retirement accounts. As of december 31,2022 secu had 571,320 deposit accounts outstanding. Secu's deposit rates continue to be some of the most competitive rates offered by federally insured financial institutions.
Traditional/online/mobile banking:secu offers online and mobile banking to members in addition to 24 branches and 116 atms throughout the State.
Loan products:secu provides mortgage, consumer, and business loans to members at competitive rates. These loans include 1st and 2nd mortgages, home equity lines of Credit, Credit card, unsecured lines of Credit, new and used auto loans, and student loans. As of december 31, 2022, secu had 126,617 loans outstanding to members totaling $4.01 billion.
Financial education:in 2022 secu provided adult and youth financial education services such as working with schools and select employer groups.

Grants made by SECU

GranteeGrant descriptionAmount
Secu MD FoundationOperating and Scholarship Program Support$1,220,000
Special Olympics MarylandGeneral Support$15,000
Ulman Cancer Fund for Young AdultsGeneral Support$6,000

Personnel at SECU

NameTitleCompensation
David SweiderkChief Executive Officer and President$1,016,898
Steven ArbaughChief Financial Officer$498,831
Kevin KeseckerChief Administrative Officer and Executive Vice President / Chief Lending and Retail Officer and Senior Vice President / Chief Lending and Retail Officer and Senio / Chief Lending Officer and Senior Vice President / Chief Lending Officer / Vice President of Lending$494,224
Adrienne AllgireVice President , Operations$264,512
John EnaSenior Vice President , Finance and Controller / Senior Vice President , Finance and Accounting and Controller / Senior Vice President , Finance and Accounting and Controll / Vice President , Finance and Controller / Assistant Vice President , Controller$339,300
...and 22 more key personnel

Financials for SECU

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$194,845,185
Investment income and dividends$18,804,556
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$684,869
Net gain from sale of non-inventory assets$1,939,172
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$216,273,782

Form 990s for SECU

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-06-25990View PDF
2018-122020-02-10990View PDF
...and 9 more Form 990s

Organizations like SECU

OrganizationLocationRevenue
ELGA Credit UnionGrand Blanc, MI$86,734,421
Metro Credit UnionChelsea, MA$114,336,853
Indiana University Credit UnionBloomington, IN$56,693,244
Superior Credit UnionLima, OH$62,109,509
Indiana Members Credit UnionIndianapolis, IN$148,731,192
Jeanne D'Arc Credit UnionLowell, MA$66,569,870
Scott Credit UnionEdwardsville, IL$84,339,279
Credit Union of AmericaWichita, KS$79,212,400
Potlach No 1 Financial Credit UnionLewiston, ID$101,119,936
FORUM Credit UnionIndianapolis, IN$95,569,110
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 7, 2023
Updated personnel
Identified 8 new personnel
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelCommunity engagement / volunteering
General information
Address
971 Corporate Blvd
Linthicum, MD 21090
Metro area
Baltimore-Columbia-Towson, MD
County
Anne Arundel County, MD
Website URL
secumd.org/ 
Phone
(410) 487-7328
IRS details
EIN
52-0627114
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1951
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Central organization
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