Overview / Commentary
971 Corporate Blvd
Linthicum, MD 21090

SECU is headquartered in Linthicum and is the largest credit union in the state of Maryland. It is also the 69th largest credit union in the nation. It was established in 1951 and as of December of 2023, it had grown to 360 employees and 254,115 members at 27 locations. SECU 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

Very Good Personal Service!

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I have used SECU for more than 20 years. They are not perfect, but they try, their staff are always courteous. My loan officer is great, financing several mortgages, and beating a new home builder (Winchester) when their loan interest increased 60 days before closing and I could not find another mortgage in time! SECU came through.

Website good but not great, and despite phone delays, and they ALL have delays, you can get through.

Unfortunately last refi 2 years ago, I had to get a private mortgagee, my loan officer complained they were changing things! After rescuing me on my new home financing, he couldn't help refi from 3.875 to 2.75.

Extremely convenient. Checking services very good, bill pay very good. I have belonged to several others, but SECU is still my main financial institute. I have a Bank of America account, and have closed several other banks and credit unions. Always have at least 2 credit unions, always better than banks.

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.

Getting Worse And Worse

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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 - YTD1%
Return on Equity - YTD12.64%
Annual Interest Income$225MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$5.28B$5.26B
LoansQ4 2023vs Q4 2022$4B$4.01B
DepositsQ4 2023vs Q4 2022$4.35B$4.35B
Equity CapitalQ4 2023vs Q4 2022$418.1MM$368.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$36.9MM$21.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$20.2MM$14.3MM
Real Estate OwnedQ4 2023vs Q4 2022$0$1.1MM

Rates for SECU are currently being reviewed.



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