State Employees Cu Of Maryland Inc

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Review based on 12 criteria Rating: 3.5 out of 5

971 Corporate Boulevard, Linthicum, MD 21090

Website

(410) 487-7010

Data Source: NCUA, December 31, 2016


State Employees Cu Of Maryland Inc was founded in 1951. Headquartered in Linthicum, Maryland, State Employees Cu Of Maryland Inc is a state chartered and federally insured credit union, being chartered in Maryland and insured through the National Credit Union Share Insurance Fund (NCUSIF). State Employees Cu Of Maryland Inc is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, State Employees Cu Of Maryland Inc services 242,767 members through its 22 offices and branches and 356 full-time and 53 part-time employees. It has $3,288,328,769 of total assets and $317,551,032 of net worth. Based on its asset size and net worth ratio, State Employees Cu Of Maryland Inc is classified as a Well Capitalized large credit union.

State Employees Cu Of Maryland Inc offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. State Employees Cu Of Maryland Inc also provides an array of services to its members and local communities. State Employees Cu Of Maryland Inc plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of State Employees Cu Of Maryland Inc’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Maryland and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Maryland
Median of USA
Checking
0.0500
0.0000
0.0000
Savings
0.1000
0.1500
0.1200
Money Market
0.2700
0.2600
0.2500
Certificate Deplit
1.0500
0.5750
0.5800
IRA
0.1000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Maryland
National Median Rates
Credit Cards
11.4900
9.9900
9.9900
Unsecured Line of Credits
12.4900
10.8350
10.9500
Short-term Small Amount
n/a
21.9950
25.0000
Student Loans
n/a
6.9000
6.0200
New Car Loans
2.2400
2.9800
3.3300
Used Car Loans
2.4900
3.4600
4.5000
1st Mortgage Real Estates
3.7500
4.0000
4.2500
Other Real Estates
4.4900
4.0000
4.7000

State Employees Cu Of Maryland Inc prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by State Employees Cu Of Maryland Inc.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
No
View Account History
Yes
No

As a community financial institution, State Employees Cu Of Maryland Inc actively involves in local communities by prliding services such as financial counseling , financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes

(410) 487-7011

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  1. Cuhub Staff
    Cuhub Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:29 pm

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