State Employees Cu Of Maryland, Inc Credit Union

Headquarters

971 Corporate Boulevard
Linthicum, MD 21090
See all branch locations →

Phone 1-410-487-7328

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.50% 0.67% →
2-Year CD 0.70% 0.80% →
5-Year CD 0.80% 1.25% →
30-Year Mortgage 3.79% 2.72% →
15-Year Mortgage 3.33% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

State Employees Cu Of Maryland, Inc is an NCUA insured institution located in Linthicum, MD. It was founded in 1951 and has approximately $4672.44 millions in assets.

Who can join?

Eligibility is typically based on your affiliation (current or past) with a Maryland employer, agency or organization such as a state university or labor union - or by being related to someone who is eligible.

Most Maryland companies located within a five mile radius of a SECU branch*

Organizations located in Maryland that receive federal, state or local funding

Alumni, full and part-time students, faculty and staff of many Maryland schools

Maryland State Employees; full and part-time, permanent, contractual, former and retired

Past and present employees of any labor union representing state or other employees

NCUA Insured Yes / State-Chartered
Charter Number # # 66330
Date Established 1951
Assets $4,672.44 million
Loans $2,672.46 million
Deposits $4,178.48 million
Capital $412.77 million
 

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.

Deposit Rates - December 2, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Share Savings
0.10% $0 - Learn More
Money Market
0.20% $2,000 - Learn More
Premium Money Market Account
0.30% $25,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
1 Year Jumbo CD
0.60% $100,000 - Learn More
6 Month CD
0.30% $0 - Learn More
9 Month CD
0.30% $0 - Learn More
1 Year CD
0.50% $0 - Learn More
2 Year CD
0.70% $0 - Learn More
3 Year CD
0.70% $0 - Learn More
4 Year CD
0.75% $0 - Learn More
5 Year CD
0.80% $0 - Learn More
Int Checking Rates APY MIN MAX
Premier Checking
0.10% $0 - Learn MoreShow Less

Loan Rates - December 2, 2021

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.99% 2.99% $726.92
4 Year 3.24% 3.24% $556.01
5 Year 3.24% 3.24% $451.89
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


 

Branches

Below are State Employees Cu Of Maryland, Inc branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


State Employees Cu Of Maryland, Inc Locations



Climate Initiatives

STATE EMPLOYEES CU OF MARYLAND, INC is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

State Employees Cu Of Maryland, Inc Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State Employees Cu Of Maryland, Inc. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
State Employees Cu Of Maryland, Inc U.S. Average
2.45% 3.79

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2021, State Employees Cu Of Maryland, Inc had $10,377,323 in non-current loans and $588,716 in owned assets. To cover these potential losses it had $412,771,999 in net worth and $35,600,000 in loans loss reserves. That gives it a Texas Ratio of 2.45%.

Net Worth
State Employees Cu Of Maryland, Inc U.S. Average
8.83% 12.22%

State Employees Cu Of Maryland, Inc FCU has a net worth of 8.83% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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