Overview / Commentary
Securityplus Federal Credit Union is headquartered in Baltimore and is the 19th largest credit union in the state of Maryland. It is also the 705th largest credit union in the nation. It was established in 1938 and as of June of 2020, it had grown to 92 employees and 34,766 members at 8 locations. Securityplus Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to anyone 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
Health
A
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2769 |
| Year Chartered | 1938 |
| Employees | 92 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.14% |
| Return on Equity - YTD | 1.56% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $425.6MM$394.2MM |
| Loans | Q2 2020vs Q2 2019 | $242.7MM$248.6MM |
| Deposits | Q2 2020vs Q2 2019 | $384.7MM$355.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $37.5MM$33.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $3.3MM$3.0MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $3.1MM$2.2MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $146.00K$206.00K |