Overview
What is State Employees Credit Union Of Maryland Inc?
State Employees Credit Union of Maryland Inc, based in Linthicum, Maryland, is a thriving financial institution with a mission to contribute positively to the financial well-being of its members. With over 499 employees, they offer a range of deposit products and services, including savings, checking, money market accounts, certificates of deposit, and individual retirement accounts. As of December 31, 2022, they managed 571,320 deposit accounts, boasting some of the most competitive rates among federally insured financial institutions. The credit union's primary objective is to promote thrift and provide Marylanders with essential financial tools designed to meet their diverse needs.
Official website here: www.secumd.org
Is State Employees Credit Union Of Maryland Inc legitimate?
State Employees Credit Union Of Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Employees Credit Union Of Maryland Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $9,625,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,908,526
For more financial information, click here
What is the mission statement of State Employees Credit Union Of Maryland Inc?
The State Employees Credit Union of Maryland Inc is dedicated to contributing positively to the financial well-being of its members. Its primary function is to encourage savings and serve as a source of credit. To achieve this, the credit union offers a range of deposit products and services designed to meet the financial needs of its members. These include savings, checking, money market accounts, certificates of deposit, and individual retirement accounts. As of December 31, 2022, the credit union had over half a million deposit accounts. The competitive deposit rates offered by the credit union set it apart among federally insured financial institutions.
Official website here: www.secumd.org
Who is the CEO of State Employees Credit Union Of Maryland Inc?
Steven Arbaugh is the Chair/Director of State Employees Credit Union Of Maryland Inc. The CEO's salary of State Employees Credit Union Of Maryland Inc is $1,016,898 and their total compensation is $1,420,315.
Official website here: www.secumd.org
What is the revenue of State Employees Credit Union Of Maryland Inc?
State Employees Credit Union Of Maryland Inc's revenue in 2022 was $216,273,782.
Official website here: www.secumd.org
Who are the executives of State Employees Credit Union Of Maryland Inc and what are their salaries?
The average compensation at State Employees Credit Union Of Maryland Inc during 2022 was $67,202. There are 499 employees at State Employees Credit Union Of Maryland Inc.
Here are 34 key members and their salaries (State Employees Credit Union Of Maryland Inc's CEO's salary is $1,016,898 and their total compensation is $1,420,315):
- David Sweiderk (Ceo/President)
- Dale Skinner (Managing Director, Business Services)
- Mark Considine (Mortgage Loan Officer)
- Rebecca Smith (Chief Strategy & Growth Officer/Evp)
- Steven Arbaugh (Cfo/Evp)
- Mark Deitz (Managing Director, Mortgage Lending)
- Kevin Kesecker (Chief Administrative Officer/Evp)
- John Howell (Tpo Account Executive)
- James Smith (Svp, Employee & Member Experience)
- Roderic Flowers (Chief Dei Officer/Svp)
- Michele Moore (Svp, Member Services)
- Janelle Pannell (Chief Risk Officer/Svp)
- Kelley Harwood (Vp, Mortgage Prog & Strat Lending)
- Kevin Stehl (Svp, Corp Stratgey & Performance)
- John Ena Jr (Svp, Finance/Controller)
- Victor Hazan (Vp, Credit Administration)
- Teshia Davis (Vp, People)
- James Mellendick (Managing Director, Wealth Management)
- Susan Valente (Mortgage Loan Officer)
- Harry Florio Jr (Vp, People Experience)
- Adrienne Allgire (Vp, Operations)
- Rafael Olazagasti (Vp, Channel Optimization)
- John Todd (Vp, Digital)
- Amy Basta (Vp, Marketing)
- Jonathan Wasey (Financial Advisor)
- Juancho Baino (Chair/Director)
- Sharonne Bonardi (Vice Chair/Director)
- Timothy La Valle (Secretary/Director)
- Ellen Gardner (Treasurer/Director)
- Mark Reger (Director)
- Janet Bacon (Director)
- Gayle Seward (Director)
- John Kenney (Director)
- Donald Tynes (Director (Thru 03/22))
Official website here: www.secumd.org
Where can I find the form 990 for State Employees Credit Union Of Maryland Inc?
The State Employees Credit Union Of Maryland Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.secumd.org
Learn more at the official website: www.secumd.org
Mission Statement of State Employees Credit Union Of Maryland Inc
State Employees Credit Union of Maryland, or SECU, is a financial institution dedicated to enhancing the financial well-being of its members. Established with the purpose of promoting thrift and serving as a credit source, SECU offers a range of deposit products and services designed to cater to the diverse financial needs of its members.
SECU's product catalog encompasses savings, checking, money market accounts, certificates of deposit, and individual retirement accounts. These offerings reflect the organization's commitment to providing Marylanders with competitive deposit rates that are among the best in the federally insured financial institution sector. By the end of 2022, SECU had 571,320 deposit accounts in its portfolio, demonstrating the widespread appeal of its financial solutions.
In addition to offering competitive deposit rates, SECU emphasizes delivering state-of-the-art technology to its members. This modern approach to banking ensures that members have convenient and efficient access to their financial information and tools to manage their accounts effectively. By combining competitive rates, innovative technology, and a wide selection of deposit products, SECU positions itself as a trusted partner in helping Marylanders achieve their financial goals.
Impact
This information is meant to be a general summary of State Employees Credit Union Of Maryland Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
State Employees Credit Union Of Maryland Inc makes a significant impact by providing essential financial products and services to its members in Maryland. By offering competitive rates on deposit products such as savings, checking, money market accounts, certificates of deposit, and individual retirement accounts, SECU contributes to the financial well-being of over half a million deposit account holders. Through its mission to promote thrift and provide a source of credit for its members, SECU plays a vital role in supporting the financial stability and security of individuals and families in the state. Its commitment to meeting members' financial needs with state-of-the-art technology demonstrates a dedication to enhancing the overall financial health of the community it serves.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$144,970,198
SERVICE CHARGES INCOME
Revenue
$34,131,667
OTHER FEE INCOME
Revenue
$15,457,164
EQUITY IN EARNINGS OF
Revenue
$286,156
Organization Details
Founding Year
1951
Phone
(410) 487-7328
Principal Officer
Steven Arbaugh
Main Address
971 CORPORATE BOULEVARD, LINTHICUM, MD, 210902337
Website
www.secumd.org
NTEE Category
Code: W60 - Public benefit
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