Securityplus Federal Credit Union
Overview / Commentary
Securityplus Federal Credit Union is headquartered in Baltimore and is the 18th largest credit union in the state of Maryland. It is also the 699th largest credit union in the nation. It was established in 1938 and as of December of 2019, it had grown to 93 employees and 34,619 members at 8 locations. Securityplus Federal Credit Union has a B+ 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
B+
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2769 |
| Year Chartered | 1938 |
| Employees | 93 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 5.68% |
| Annual Interest Income | $14.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $393.6MM$385.2MM |
| Loans | Q4 2019vs Q4 2018 | $244.0MM$270.8MM |
| Deposits | Q4 2019vs Q4 2018 | $352.0MM$349.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $37.1MM$31.4MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $3.0MM$3.0MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $2.9MM$3.4MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $176.00K$206.00K |