SECU Maryland surpasses $5B in assets | Maryland Daily Record

SECU, Maryland’s largest state-chartered credit score union and based mostly in Linthicum, introduced Thursday it surpassed greater than $5 billion in belongings, them most of any 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 million in group influence grants over the following 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 following a number of months discerning how and the place to allocate funds the place they’re most wanted and may make the biggest influence in Maryland.

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

As a part of its group influence 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 via its annual Kindness Connects marketing campaign.

Serving greater than 250,000 members throughout Maryland, SECU has 25 monetary facilities and supplies entry to over 50,000 free ATMs via the CO-OP community.