Baltimore, MD (January 8, 2024) – SECU, Maryland’s largest state-chartered credit union, has been named to Newsweek’s 2024 list of America’s Best Regional Banks and Credit Unions, one of only four credit unions based in the state to receive the prestigious honor. The list of financial institutions was selected by Newsweek and market data research firm Plant-A Insights Group after a comprehensive study analyzing all regional banks and credit unions in the United States.
Based on the analysis of 9,440 institutions, researchers applied parameters to assess profitability, bank creditworthiness, financial relevance, risk, and overall financial wellness of each institution. The analysis and scoring model also evaluated press coverage, independent customer surveys, and reviews from social media.
“We are thrilled SECU has been named to the list of America’s Best Regional Banks and Credit Unions. Credit unions play a vital role in their communities,” said David Sweiderk, SECU President and CEO. “Our unique structure allows us to operate a member-first, employee-focused and community-centric organization. We are proud to provide beneficial financial products and solutions at the optimal value to our members across the state of Maryland– all while giving back to the communities we serve through our longstanding nonprofit partners and financial wellness programming.”
Newsweek’s Global Editor-in-Chief, Nancy Cooper explains, “In an era where digital advancements can overshadow personalized service, regional banks and credit unions stand out for their customer-centric financial services. These institutions prove that a community-centered approach can redefine the banking experience.”
SECU received a Future Branches Innovator Award in 2023 for the implementation of digital-first technologies and rollout of Virtual Financial Centers, a virtual branch created to provide credit union members with extended service hours and the ability to discuss loans, products, and more with SECU financial experts from the comfort of their own home. The credit union has also been recognized with The Baltimore Sun’s Top Workplace Award in 2020, 2021, and 2022.
To learn more about SECU, including how to become a member or find a financial center near you, please visit secumd.org.
About SECU (State Employees’ Credit Union of Maryland)
SECU (“see-Q”), Maryland’s largest state-chartered credit union, serves over 250,000 members via 25 branches across the state. As a member-owned, not-for-profit organization, SECU puts its members first. Membership is open to all of Maryland, with over 1,900 ways to join, you may be eligible through a family member, work, the college you attended, state employment, an organization you are affiliated with, or simply through a one-time donation to SECU MD Foundation. Headquartered in Linthicum, Md., SECU offers convenient access to over 50,000 free ATMs through the CO-OP network, as well as access to expert financial planners. With more than $5 billion in assets, SECU ranks among the top 60 credit unions nationwide based on total assets in the U.S. Insured by NCUA. For more information, visit www.secumd.org or follow SECU on Twitter, Facebook, and Instagram.
