Connect with us

Maryland

SECU Maryland Surpasses $5 Billion in Assets

Published

on

SECU Maryland Surpasses  Billion in Assets


Maryland’s largest credit score union broadcasts $1,000,000 in group impression grants in reminiscence of longest-serving Board member

BALTIMORE, Could 11, 2022 /PRNewswire/ — SECU, Maryland’s largest state-chartered credit score union, introduced at present it surpassed greater than $5 billion in belongings, a milestone that’s unsurpassed by every other credit score union within the state. SECU ranks among the many high 60 credit score unions nationwide and is the biggest credit score union in Maryland based mostly on whole belongings.

(PRNewsfoto/SECU)

In reaching this milestone, SECU and the SECU MD Basis will commit $1,000,000 in group impression grants over the subsequent 5 years in reminiscence of its longest-serving Board member, Donald Tynes, Sr. This notes the biggest sum and first dedication named in honor of a notable particular person by SECU.

SECU will spend the subsequent a number of months discerning how and the place to allocate funds the place they’re most wanted and may make the biggest impression in Maryland.

Advertisement

Extra instantly, SECU will donate $50 on behalf of every of its 358 staff to the SECU MD Basis, which helps training, well being and group growth initiatives all through Maryland. These funds will profit Maryland nonprofits devoting their time to serving to others and might be awarded this summer time by way of the Basis’s grant program.

“The achievement of this milestone displays our means to greatest help the expansion and monetary stability of our members and communities,” mentioned Dave Sweiderk, president and CEO of SECU. “It positions us to proceed to serve our members in impactful methods whereas fastidiously monitoring and anticipating future wants. What higher option to commemorate $5 billion in belongings and serve communities throughout Maryland than to supply a dwelling embodiment of the life and repair of Donald, who served 47 devoted years on our Board of Administrators, and who was extremely keen about leaving our communities higher than how we discovered them, all the time paying it ahead.”

As a part of its group impression efforts in 2021, the SECU MD Basis awarded $115,000 in scholarships, totaling greater than $815,000 because the program’s inception, gave away greater than $120,000 to native nonprofits and charity companions, together with Kennedy Krieger Institute and Particular Olympics Maryland, and impressed 96,000 acts of kindness by way of its annual Kindness Connects marketing campaign.

“An elite distinction, this milestone is indicative of the progressive, forward-thinking, subsequent technology management of Dave,” mentioned Juancho Baino, chair of SECU’s Board of Administrators. “Via his efforts and the dedication of SECU staff members, SECU is propelling ahead as a high-performance group that’s redefining the credit score union expertise. Nevertheless, by engaging in this milestone, we’re honored to have fun it in such a manner that allows us to pay homage to Donald’s legacy of service, volunteerism and management.”

Advertisement

Serving greater than 250,000 members throughout Maryland, and headquartered in Linthicum, Md., SECU has 25 monetary facilities and supplies entry to over 50,000 free ATMs by way of the CO-OP community. To study extra about SECU, go to secumd.org.

About SECU (State Workers’ Credit score Union of Maryland)
SECU (“see-Q”), Maryland’s largest state-chartered credit score union, serves 250,000 members throughout the state. As a member-owned, not-for-profit, SECU places its members first and stays accountable solely to its member base. SECU seeks to serve all of its member wants in a single place with most Marylanders qualifying for membership. Headquartered in Linthicum, Md., SECU has 25 monetary facilities and supplies entry to over 50,000 free ATMs by way of the CO-OP community. With greater than $5 billion in belongings, SECU ranks among the many high 60 credit score unions nationwide based mostly on whole belongings within the U.S. Insured by NCUA. For extra data, go to www.secumd.org or comply with SECU on LinkedIn, Fb, Instagram and Twitter.

Cision

Cision

View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/secu-maryland-surpasses-5-billion-in-assets-301545252.html

SOURCE SECU





Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Maryland

Alert Day for dangerous cold, more snow ahead in Maryland

Published

on

Alert Day for dangerous cold, more snow ahead in Maryland


Alert Day for dangerous cold, more snow ahead in Maryland – CBS Baltimore

Watch CBS News


A WJZ First Alert Weather Day is in effect for today and into the first part of tonight for wind-chills in the single digits and teens. Winds will be painfully cold as they will gust 30 to 40 mph. Please wear many layers along with protecting your pets in this frigid weather.

Advertisement

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Source link

Advertisement
Continue Reading

Maryland

Victory over Maryland caps a successful sweep on USC’s first big East Coast trip in the Big Ten

Published

on

Victory over Maryland caps a successful sweep on USC’s first big East Coast trip in the Big Ten


COLLEGE PARK, Md. — JuJu Watkins and Southern California figured to do a lot of traveling in the Trojans’ first season in the Big Ten.

So far, so good.

No. 4 USC completed a two-game eastern sweep Wednesday night, handing No. 8 Maryland its first loss, 79-74. The victory came after the Trojans decimated Rutgers 92-42 on Sunday.

“We’ve been on the East Coast now for like four days,” Watkins said. “It’s freezing.”

Advertisement

Perhaps that explained Watkins’ spotty shooting. She went 7 for 19 from the field and turned the ball over eight times, eventually fouling out in the final minute. She scored 21 points, her lowest output in nearly a month.

But USC outscored Maryland 18-6 to end the game. Kiki Iriafen also scored 21.

“We just kind of have this unwavering confidence in ourselves,” Watkins said. “It was just a matter of coming together and closing the game out.”

The Trojans have already logged quite a few miles. They beat Mississippi in Paris in November. Last month they traveled to Connecticut and beat UConn.

This trip was a multigame journey that USC handled pretty well. Coach Lindsay Gottlieb said she’s still learning the rhythm of a new league.

Advertisement

Related Stories JuJu Watkins scores 21 as No. 4 USC tops No. 8 Maryland 79-74, handing the Terps their first lossNo. 8 Maryland improves to 13-0 with a 78-61 victory over Rutgers; Iowa and USC up next for TerpsJuJu Watkins scores 21, No. 6 USC downs Oregon 66-53 in Big Ten opener

“The Pac-12 was two games in a weekend, Friday-Sunday and everyone’s doing the same thing. Now we’re like, ‘Wait, who’s playing who when?’” she said. “It’s really different for us, and so as coaches we’re trying to process all that and keep things as normalized for the team as possible.”

It’s also an opportunity for USC to play in areas less familiar with the Trojans. It was their first matchup with Maryland since 1995, and the game drew 14,735.

“It’s just platforms for them that we have never had before, and that’s a really positive thing. It’s up to us and my administration and me to make it as seamless as possible for them,” Gottlieb said. “We’ll go anywhere and play. I think our players have proven that.”

Advertisement





Source link

Continue Reading

Maryland

Maryland Gov. Wes Moore warns of major budget cuts amid $3B budget deficit

Published

on

Maryland Gov. Wes Moore warns of major budget cuts amid B budget deficit


Maryland Gov. Wes Moore has warned that massive budget cuts are on the way as state lawmakers try to solve a $3 billion budget gap. 

Advertisement

Moore told Maryland residents Wednesday to brace themselves for $2 billion worth of cuts in his soon-to-be-released budget. But that still leaves another $1 billion that lawmakers will have to come up with to close this deficit.

Normally, the first day of a General Assembly session is a cause for celebration but this year it comes with a big challenge. 

Moore said that not only does he want lawmakers to come up with a solution to close the budget gap, he also wants still fund priorities like economic growth, public safety and schools but Moore would not endorse the idea of tax hikes.

Advertisement

“We are not going to grow an economy on the backs of working Marylanders, on the backs of middle-class Marylanders. So I’ll work with anybody to be able to come up with a long-term solution but my bar’s high, been high and will remain high when it comes to revenues,” Moore said. 

But while the governor says his bar is high for tax hikes, Democrats, who control both houses of the statehouse, and Republicans, who are outnumbered, are already fighting it out. 

Advertisement

Republicans say they support the governor’s plan to cut spending but they will hold the line on taxes. 

“I believe the Democrats are sending every signal that they are going to raise taxes and we are going to fight it, fight it, fight it,” said Republican delegate Kathy Szeliga, who represents Howard County. “Maryland is already one of the most highly taxed states in the country.”

Democratic lawmakers say no decisions have been made either way.

Advertisement

“You know, people get nervous because they think that automatically means raising taxes. Not necessarily. We’re going to do our job and make sure that we don’t hurt people too, we understand the budget is tight but we don’t have to keep hurting people too,” Democratic delegate C.T. Wilson, the Maryland Economic Matters Chairman.

 Moore is set to unveil his budget proposal on Wednesday, Jan. 15. This General Assembly session will last for 90 days.

Advertisement
NewsMarylandMaryland Politics



Source link

Continue Reading

Trending