SECU Maryland Surpasses $5 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.

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.

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.”

Story continues

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.”

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.

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

SOURCE SECU