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EIN 52-0627114

State Employees Credit Union of Maryland

IRS 501(c) type
501(c)(14)
Num. employees
492
City
Linthicum
State
Maryland
Year formed
1951
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
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.
Also known as...
Secu
Total revenues
$285,494,724
2023
Total expenses
$232,565,770
2023
Total assets
$5,276,282,946
2023
Num. employees
492
2023

Program areas at State Employees Credit Union of Maryland

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 31,2023 secu had 592,135 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 106 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, 2023, secu had 126,619 loans outstanding to members totaling $3.99 billion.
Financial education: in 2023, secu provided adult and youth financial education services such as working with schools and select employer groups.

Grants made by State Employees Credit Union of Maryland

GranteeGrant descriptionAmount
The Credit Union Foundation of MD and DCGeneral Support$15,000
Special Olympics MarylandGeneral Support$15,000
African American Credit Union CoalitionGeneral Support$10,000
...and 1 more grant made

Financials for State Employees Credit Union of Maryland

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$250,593,577
Investment income and dividends$25,837,359
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$339,073
Net gain from sale of non-inventory assets$8,724,715
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$285,494,724

Organizations like State Employees Credit Union of Maryland

OrganizationLocationRevenue
Metro Credit UnionChelsea, MA$149,461,871
ELGA Credit UnionGrand Blanc, MI$108,697,736
Jeanne D'Arc Credit UnionLowell, MA$90,760,931
Communityamerica Credit UnionLenexa, KS$320,007,381
FORUM Credit UnionIndianapolis, IN$121,977,660
Consumers Credit UnionLake Forest, IL$231,475,402
Indiana University Credit UnionBloomington, IN$74,827,152
Leaders CREDIT UnionJackson, TN$75,354,463
Credit Union of AmericaWichita, KS$93,587,830
Potlach No 1 Financial Credit UnionLewiston, ID$137,633,569
Data update history
January 17, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 17, 2025
Updated personnel
Identified 6 new personnel
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
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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