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 June of 2020, it had grown to 372 employees and 252,601 members at 24 locations. SECU has an A 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.

Don't Do Business With SECU

SECU is the worst. The reviewers who say Secu is great are plants. Employees who write these bogus experiences trying to convince you this is a good bank. It’s not. Do a little investigating. You’ll see.
I refinanced with them a few years ago. Totally disorganized. I should have realized it then. They took almost 4 months to close. I had to do everything. When I was with other banking companies, they did all the work. All I had to do was sign. Also, they lied to me. They said they provide bi-weekly payments, and they kept stating it until we closed. Well, guess what? They don’t provide bi-weekly payments.
Next, they increased my mtg by $300 per month. That’s right, $300 per month. Gave me a bunch of B.S. excuses, saying they made mistakes with calculations, this went up, that went up, etc. I have been in my home for 15yrs. This has NEVER happened until SECU.
Every time I call them they don’t know what’s going on. Please hold, or do I mind if they put me on hold for a moment. They need verification of who I am every time I speak to someone different, or when I want to pay my bill. Who in the hell is going to call them other than me to pay my bill? Sheesh. Also, the phone people will tell you they provide certain services and the branch people don’t have a clue. This bank is the worst. If I could undo my refi, I would.
Do not go to SECU. You will regret it.



Health Grade Components

NCUA #66330
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD2.89%
Annual Interest Income$71.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$4.21B$3.78B
LoansQ2 2020vs Q2 2019$3.25B$3.27B
DepositsQ2 2020vs Q2 2019$3.73B$3.35B
Equity CapitalQ2 2020vs Q2 2019$382.7MM$363.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$26.2MM$25.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$22.7MM$20.4MM
Real Estate OwnedQ2 2020vs Q2 2019$199.00K$904.00K
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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

0.20%--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

0.65%*$100k*-Business Money Market
OTHER TIERS: 0.25% $2k - $5k | 0.35% $5k - $25k | 0.45% $25k - $50k | 0.55% $50k - $100k
0.35%*$500k*-Advantage Money Manager
OTHER TIERS: 0.25% $25k - $100k | 0.30% $100k - $500k
0.25%*$100k*-Money Manager
OTHER TIERS: 0.15% $2k - $25k | 0.20% $25k - $100k

SECU Checking Account Rates

0.30%$100-Interest Earning Business Checking
0.10%$10k-Premier Interest Checking
0.05%$1k-Choice Interest Checking
0.05%--Students' Choice Checking


0.80%$500-5 Year CD
0.80%$100k-2 Year Jumbo CD
0.75%$500-4 Year CD
0.70%$500-3 Year CD
0.70%$500-2 Year CD
0.65%$500-30 Month CD
0.60%$100k-1 Year Jumbo CD
0.55%$500-18 Month CD
0.54%$500-1 Year Premier Relationship CD
0.53%$500-1 Year Choice Relationship CD
0.50%$500-1 Year CD
0.35%$500-9 Month CD
0.30%$500-5 Year Step Up CD
0.25%$500-1 Year Add-On CD
0.25%$500-6 Month CD
0.20%$500-3 Month CD


0.80%$500-5 Year IRA
0.80%$100k-2 Year Jumbo IRA
0.75%$500-4 Year IRA
0.70%$500-3 Year IRA
0.70%$500-2 Year IRA
0.65%$500-30 Month IRA
0.60%$100k-1 Year Jumbo IRA
0.55%$500-18 Month IRA
0.55%$500-15 Month IRA
0.54%$500-1 Year Premier Relationship IRA
0.53%$500-1 Year Choice Relationship IRA
0.50%$500-1 Year IRA
0.30%$500-5 Year Step Up IRA


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