Overview / Commentary
971 Corporate Blvd
Linthicum, MD 21090-2342

SECU is headquartered in Linthicum and is the largest credit union in the state of Maryland. It is also the 63rd largest credit union in the nation. It was established in 1951 and as of September of 2022, it had grown to 377 employees and 247,072 members at 27 locations. SECU's CD rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in SECU of Maryland is open to employees, retirees and contractors of the state of Maryland, employees of Anne Arundel County, alumni, students, faculty and staff of University System of Maryland Schools, employees of organizations located in Maryland that receive federal, state or local funding, and over 500 local Select Employer Groups
See current membership details

SECU is the Way To Go

I use State Employees Credit Union. In general it has been a good experience with their credit union, in general I get lower rates on several items and their fees are almost non-existent. In addition to this, it makes my banking fairly seamless across different categories. The main reason I use them though is that their money market funds tend to earn more interest than a typical bank. They also are not publicly traded, and involved with investment services, so I do feel that my money is a bit safer in their credit union.

In addition to this, it comes with extra benefits such as being able to withdraw funds for free and almost no ATM fees. It is one of the biggest advantages. They also don't require minimum balances, something that I have noticed that larger publicly traded banks do.

SECU for the win

Maryland State Employees Credit Union is a great credit union that offers all the services you would expect at reasonable prices. I've used both their checking and savings accounts and both have competitive rates. There's branches across the state of Maryland and they have plenty of ATMs for your convenience. I've also purchased CDs from them in the past. They have a wide variety of terms available for their CDs. Since I no longer live in Maryland, I do most of my banking with SECU online. Their website is pretty useful and I like it but I prefer banking in person because feel confident actually talking to a person. I really wish I could get my foreign banking transactions waived, it would make me much more likely to do more banking with SECU. But overall it's been a great credit union.

SECU is the alternative to the big banks that you have been looking for

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SECU is Maryland's leading credit union, and I have had a personal savings and checking account with them for ten years. Their rates blow the big banks rates out of the water, especially if you sign up for a long term program. They give incentives for this type of patronage and makes the deal work great for both parties. I prefer credit unions over others by a good margin, and this specific credit union by an even larger margin.

Getting Worse And Worse

Posted by: |

SECU MD; As time goes on this credit union is getting worse & worse not only in it's customer service but also in it's website options. SARA is absolutely useless as is some of their customer agents.
They are becoming like alot of other big companies, upper management doesn't want to know or doesn't care how things below them are in real time or are not being given honest information about customer service.
BUT, on the flip side there are those employees who are performing as expected in the treatment of their customers and do resolve issues and problems.



Health Grade Components

NCUA #66330
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD11.32%
Annual Interest Income$108.9MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$5.25B$4.70B
LoansQ3 2022vs Q3 2021$3.91B$2.85B
DepositsQ3 2022vs Q3 2021$4.41B$4.21B
Equity CapitalQ3 2022vs Q3 2021$354.1MM$410.9MM
Loan Loss AllowanceQ3 2022vs Q3 2021$24.1MM$33.6MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$12.4MM$16.2MM
Real Estate OwnedQ3 2022vs Q3 2021$0$459.00K
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Always verify rates and promotions with the bank or credit union. We are not SECU; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

SECU Savings Account Rates

0.35%$10-Business Savings
0.10%$10-Roth Contributory IRA
0.10%$10-Coverdell Education Savings Account
0.10%$10-Roth Conversion IRA
0.10%$10-Share Savings
0.10%$10-IRA Savings
0.10%--Holiday Savings
0.10%$300-Secured VISA Holding Account

SECU Money Market Rates

0.80%*$100k*-Business Money Market
OTHER TIERS: 0.20% $2k - $5k | 0.30% $5k - $25k | 0.50% $25k - $100k
0.30%*$500k*-Advantage Money Manager
OTHER TIERS: 0.20% $25k - $100k | 0.25% $100k - $500k
0.20%*$100k*-Money Manager
OTHER TIERS: 0.10% $2k - $25k | 0.15% $25k - $100k

SECU Checking Account Rates

2.00%*$75k*-SECU Total – Platinum
OTHER TIERS: 0.10% Any amount | 0.15% $3.5k - $20k | 0.50% $20k - $75k
0.25%--Interest Earning Business Checking
0.15%*$20k*-SECU Total – Gold
OTHER TIERS: 0.10% Up to $20k
0.10%--SECU Total – Silver
0.05%$1k-SECU Total – Bronze


4.50%$500-11 Month CD
4.50%$500-18 Month CD Special
4.25%$100k-2 Year Jumbo CD
4.25%$100k-1 Year Jumbo CD
4.25%$500-12 Month Platinum CD
4.00%$500-2 Year CD
4.00%$500-12 Month Gold CD
3.75%$500-5 Year CD
3.75%$500-13 Month CD
3.75%$500-1 Year CD
3.70%$500-4 Year CD
3.65%$500-3 Year CD
3.60%$500-30 Month CD
3.30%$500-9 Month CD
3.30%$500-6 Month CD
3.15%$500-1 Year Add-On CD
3.10%$500-5 Year Step Up CD
2.00%$500-3 Month CD


4.50%$500-18 Month IRA Special
4.25%$100k-2 Year Jumbo IRA
4.25%$100k-1 Year Jumbo IRA
4.25%$500-12 Month Platinum IRA
4.00%$500-2 Year IRA
4.00%$500-12 Month Gold IRA
3.75%$500-5 Year IRA
3.75%$500-15 Month IRA
3.75%$500-1 Year IRA
3.75%$500-11 Month IRA
3.70%$500-4 Year IRA
3.65%$500-3 Year IRA
3.60%$500-30 Month IRA
3.10%$500-5 Year Step Up IRA


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