NonprofitsState Employees Credit Union Of Maryland Inc

State Employees Credit Union Of Maryland Inc

LINTHICUM, MD

Total revenue

$333.1M

Total expenses

$288.5M

Net assets

$475.7M

Grants received

EIN

520627114

Tax year

2024

Mission

To make a positive contribution to the financial well-being of those we serve.

Programs

3 programs

Loan products:secu provides mortgage, consumer, and business loans to members at competitive rates. These loans include 1st and 2nd mortgages, home equity lines of credit, credit card, unsecured lines of credit, new and used auto loans, and student loans. As of december 31, 2024, secu had 127,003 loans outstanding to members totaling $4.34 billion.

Traditional/online/mobile banking:secu offers online and mobile banking to members in addition to 23 branches and 99 atms throughout the state.

Financial education: in 2024, secu provided adult and youth financial education services such as working with schools and select employer groups.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$276.0M
Investment income$57.5M
Other revenue
Total revenue$333.1M

Expenses

Grants paid$493K
Salaries & benefits$51.0M
Fundraising
Other expenses$237.0M
Total expenses$288.5M
Total assets$5.5B
Net assets$475.7M

People

36 listed

NameRoleCompensation

DAVID SWEIDERK

CEO/PRESIDENT

Board

$1.5M

40 hrs/wk

STEVEN ARBAUGH

CFO/EVP

Board

$884K

40 hrs/wk

REBECCA SMITH

CHIEF GROWTH/ENGAGEMENT OFFICER/EVP

Board

$700K

40 hrs/wk

KEVIN KESECKER

CHIEF CREDIT OFFICER/EVP

Board

$632K

40 hrs/wk

RODERIC FLOWERS

CHIEF DEI & HR OFFICER/SVP

Board

$543K

40 hrs/wk

JANELLE BURGOYNE

CGO & GENERAL COUNSEL/SVP

Board

$518K

40 hrs/wk

JAMES SMITH

CHIEF BANKING OFFICER/GSVP

Board

$413K

40 hrs/wk

STEVEN MCKONE

CHIEF SERVICE OPERATIONS OFFICER/SVP

Board

$393K

40 hrs/wk

KEVIN STEHL

CHIEF PRODUCT OFFICER/SVP

Board

$375K

40 hrs/wk

JASON REIMER

CHIEF INFRA & EXPERIENCE OFFICER/EV

Board

$325K

40 hrs/wk

MARK REGER

DIRECTOR THRU 03/24

Board

$53K

1 hrs/wk

SHARONNE BONARDI

DIRECTOR

Board

$48K

1 hrs/wk

GAYLE SEWARD

CHAIR/DIRECTOR

Board

$44K

1 hrs/wk

JUANCHO BAINO

DIRECTOR

Board

$40K

1 hrs/wk

TIMOTHY LA VALLE

VICE CHAIR/DIRECTOR

Board

$39K

1 hrs/wk

ELLEN GARDNER

SECRETARY/DIRECTOR

Board

$39K

1 hrs/wk

JOHN KENNEY

TREASURER/DIRECTOR

Board

$36K

1 hrs/wk

JANET BACON

DIRECTOR

Board

$32K

1 hrs/wk

GINA MCKNIGHT-SMITH

DIRECTOR

Board

$23K

1 hrs/wk

DYLAN BAKER

DIRECTOR

Board

$5K

1 hrs/wk

JOHN ENA JR

SVP, FINANCE & CONTROLLER

Staff

$405K

40 hrs/wk

MARK DEITZ

MD, ENTERPRISE SALES

Staff

$398K

40 hrs/wk

KELLEY HARWOOD

VP, MORTGAGE PROG & STRAT

Staff

$389K

40 hrs/wk

WILLIAM HARPER

MORTGAGE LOAN OFFICER

Staff

$361K

40 hrs/wk

MARK CONSIDINE

MORTGAGE LOAN OFFICER

Staff

$359K

40 hrs/wk

JAMES MELLENDICK

MD, WEALTH MANAGEMENT

Staff

$350K

40 hrs/wk

JONATHAN WASEY

FINANCIAL ADVISOR

Staff

$302K

40 hrs/wk

TESHIA DAVIS

VP, PEOPLE

Staff

$299K

40 hrs/wk

AMY BASTA

CHIEF MARKETING OFFICER/SVP

Staff

$296K

40 hrs/wk

ADRIENNE ALLGIRE

VP, OPERATIONS

Staff

$291K

40 hrs/wk

HARRY FLORIO JR

VP, ORG DEVELOPMENT THRU 05/24

Staff

$285K

40 hrs/wk

VICTOR HAZAN

VP, COMMERCIAL LENDING

Staff

$284K

40 hrs/wk

DALE SKINNER

MD, COMMERCIAL LENDING

Staff

$279K

40 hrs/wk

GEORGE GIRLING

CHIEF OF STAFF

Staff

$261K

40 hrs/wk

KELLY MAKAREHCHI

SVP, TRANSFORMATION & OPTIMIZATION

Staff

$243K

40 hrs/wk

JOHN TODD III

MD, TECHNOLOGY SOLUTIONS

Staff

$238K

40 hrs/wk

Independent contractors

OPEN TECHNOLOGY SOLUTIONS LLC

TECHNOLOGY SERVICES

$16.3M

FISERV INC

FINANCIAL SERVICES SOFTWARE

$4.2M

CU COOPERATIVE SYSTEMS INC

ATM NETWORK & MEMBER ONLINE BANKING

$3.5M

QSI INC

ATM/ITM EQUIPMENT & MAINTENANCE

$3.0M

DIEBOLD NIXDORF INC

ATM/ EQUIPMENT & MAINTENANCE

$1.4M

Details

EIN520627114
Subsection14
Ruling date1998-03
Formed1951
Employees496
Volunteers0
STATE EMPLOYEES CREDIT UNION OF MARYLAND INC — Mission, Financials & Grants Received | Grantivo