Securityplus Federal Credit Union is headquartered in Baltimore and is the 16th largest credit union in the state of Maryland. It is also the 690th largest credit union in the nation. It was established in 1938 and as of September of 2022, it had grown to 89 employees and 33,826 members at 6 locations. Securityplus Federal Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Securityplus Federal Credit Union is open to anyone (regardless of residency) through membership in the American Consumer Council. Membership is also open to those who live, work, worship, or attend school in the City of Baltimore, employed by or retired from one of the credit union's sponsor groups, or are immediate family of those eligible.
See current membership details
Related Posts
Very Difficult To Become A Member
Among the requirements for membership are 1. a primary ID; 2. A secondary ID; and 3. a certificate from the American Consumer Council. While I joined the Am Consumer Council, as requested, I didn't receive a certificate via email, as promised. The rep at Securityplus refused to honor the paid receipt, from the Am Consumer Council, stating that I would need to request this certificate from the Am Consumer Council. These membership requirements are unreasonably rigorous and very time consuming. While their interest rate is good, my time also has value, and I will be content to settle for a lower rate from another institution.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2769 |
| Year Chartered | 1938 |
| Employees | 89 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.09% |
| Return on Equity - YTD | -1.09% |
| Annual Interest Income | $10.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $537.2MM$477.5MM |
| Loans | Q3 2022vs Q3 2021 | $404.3MM$345.1MM |
| Deposits | Q3 2022vs Q3 2021 | $452.1MM$432.3MM |
| Equity Capital | Q3 2022vs Q3 2021 | $44.0MM$41.0MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $3.4MM$2.9MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $3.2MM$2.9MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$106.00K |