State Employees CU Silver Spring MD Credit Union | Best Auto Loans & Personal Banking

Introduction

Welcome to State Employees Credit Union of Maryland, Inc, located right in the heart of Silver Spring at 8737 Colesville Rd, MD 20910. Since our establishment in 1951, we have been dedicated to serving our community with reliable financial services and a personal touch. With a robust membership base of over 261,235 individuals, we pride ourselves on fostering relationships built on trust and commitment. At SECU, we understand that every member's financial journey is unique. That's why we've tailored our offerings to include everything from checking and savings accounts to auto loans, mortgages, and credit cards with rewards. Our total assets now stand at an impressive $5,702,055,189, reflecting our strong financial foundation and commitment to safeguarding your investments. We're also proud to report that our total deposits reach $423,656,042, ensuring that your funds are secure and accessible. With $30,755,103 in cash readily available and a net worth of $540,110,846, you can feel confident knowing that your credit union is not just financially sound but also ready to assist you when you need it most. While members can visit us at our branch location for face-to-face service or simply to ask questions, official correspondence should be sent to our mailing address: 12164 Tech Road, Silver Spring, MD 20904. Our leadership team is here to support you led by CEO David Sweiderk and Board President Gayle Seward, both passionate about enhancing the member experience and ensuring the credit union remains a pillar of the community. If you're ready to take control of your financial future or just want to learn more about what we offer, don't hesitate! Give us a call at 301-755-2001 or visit our website at secumd.org. Together, let's build a brighter financial future!

Branch History & Mission

Community Commitment

At State Employees Cu Of Maryland, Inc, we understand that our success is intertwined with the well-being of our local communities. That's why we actively participate in various outreach programs and partnerships designed to uplift those around us. Whether it's hosting financial education workshops or supporting local events, we aim to make a meaningful difference. While members can visit us at 8737 Colesville Rd, official correspondence should be sent to 12164 Tech Road, Silver Spring, MD 20904. Our branch operates from Monday through Thursday from 9:00 a.m. to 4:00 p.m., Friday from 9:00 a.m. to 6:00 p.m., and Saturday from 9:00 a.m. to 12:00 p.m. We also offer convenient drive-thru banking services for quick transactions.

Join Us Today!

We invite you to become part of the State Employees Cu Of Maryland family. Experience firsthand the benefits of being a member of a credit union that truly cares about your financial future and community well-being. Reach out today at 301-755-2001 or visit us online at www.secumd.org for more information on how you can get started!

Our Journey

Since our opening day, we have dedicated ourselves to offering a wide range of financial services tailored to meet the needs of our members. From personal banking options such as checking and savings accounts to auto loans and business banking solutions, we strive to provide financial tools that empower our members to achieve their goals. Our journey has been marked by continuous improvements and community engagement initiatives aimed at fostering financial literacy and support. Our mission is simple yet impactful: to enhance the financial well-being of our members while contributing positively to the communities we serve. We believe in creating lasting relationships with our members and are committed to providing exceptional service that goes beyond mere transactions.

Branch Location & Accessibility

Accessibility and Amenities

At our branch, we prioritize accessibility for all our members. Our building is ADA compliant and features ramps and designated parking spaces to ensure everyone can visit us comfortably. Plus, with drive-thru banking available, you can complete your transactions without even leaving your car!

Contact Us

Have questions or need assistance? Give us a call at 301-755-2001. While members can visit us at 8737 Colesville Rd, official correspondence should be sent to 12164 Tech Road, Silver Spring, MD 20904. We invite you to come by and discover how we can help you achieve your financial goals!

Operating Hours

We understand that life gets busy, which is why our operating hours are designed to accommodate your schedule. Visit us Monday through Thursday from 9:00 a.m. to 4:00 p.m., Friday from 9:00 a.m. to 6:00 p.m., and on Saturday from 9:00 a.m. to 12:00 p.m. Our team is here during these hours to assist you with personal banking services, auto loans, mortgages, credit cards, and more.

Member Eligibility

Becoming a member of State Employees Cu Of Maryland, Inc is like stepping into a welcoming community that truly cares about your financial well-being. If you live, work, or worship in the area, you're likely eligible to join us! Our doors are open to individuals who share our values and want to take advantage of the many benefits we offer, such as lower loan rates and personalized service. To get all the details on eligibility criteria, feel free to check out our website at . Joining is simple and straightforward! You can open your account in person at our branch located at 8737 Colesville Rd Silver Spring Md 20910, or if you prefer, just give us a call at (301) 755-2001 for assistance. We're here to make your transition into membership as easy as possible. Welcome aboard!

Business Banking & Commercial Services

Loan Options Tailored for You

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $314 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $74 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $178,063,755, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Work for You

When it comes to managing transactions, our merchant services simplify your payment processes. Imagine a busy Saturday at your shop; with our easy-to-use payment solutions, you can serve customers quickly and efficiently, ensuring they leave satisfied and ready to return. From credit card processing to online payments, we equip you with the tools needed to thrive in today's marketplace. Located at 8737 Colesville Rd Silver Spring Md 20910, Silver Spring, MD, we're here to partner with you on your journey toward success. Connect with us today at (301) 755-2001 or visit our website here to learn more about how we can help your business grow!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about getting a new car? Our auto loans and vehicle financing options can help you drive away in your dream vehicle without breaking the bank. We provide competitive rates and flexible terms tailored to fit your budget, ensuring that financing your vehicle is as stress-free as possible.

Business Banking

For our business members, we offer essential banking services including merchant services and business loans. We understand the challenges of running a business and aim to provide resources that help streamline operations while supporting growth.

Convenient Access

At State Employees Cu Of Maryland, Inc, convenience is key. Our drive-thru banking allows for quick deposits and withdrawals without leaving your car perfect for those busy days when time is tight. Plus, with features like ATM services available nearby (though not directly at our branch), accessing cash is never a hassle. We encourage you to take advantage of everything we have to offer. If you're ready to explore these services further or if you have any questions, don't hesitate to reach out! Call us at (301) 755-2001 or visit us at Secu Credit Union Silver Spring today. Your financial journey starts here!

Credit Cards with Rewards

Our credit cards come with rewards that let you earn points or cash back on everyday purchases. This means that every time you use your card for shopping or dining out, you're also working towards future rewards whether it's for travel, merchandise, or even statement credits.

Mortgage Loans & Refinancing

Owning a home is a major milestone, and our mortgage loans are designed to guide you through this exciting journey. Whether you're buying your first home or looking to refinance an existing mortgage, we have options that cater to your situation. Our team is here to help simplify the process, making home ownership more attainable.

Personal Banking

Whether you are looking to open a checking or savings account, our personal banking services offer you the flexibility and support you need. Imagine having easy access to your money, allowing you to manage your daily expenses effortlessly. With our online and mobile banking features, you can check your balance, transfer funds, and pay bills from anywhere at any time. It's about making banking simple and convenient for you.

Personal Loans & Debt Consolidation

Sometimes life throws unexpected expenses your way. With our personal loans, you can cover those costs without worry. Additionally, if you're feeling overwhelmed by debt, consider our debt consolidation services. We can help combine multiple debts into one manageable payment plan so that you can regain control of your finances.

Digital & Online Banking

Accessibility Anytime

With our 24/7 online banking services, you'll never have to worry about finding time during business hours. Whether it's late at night or early in the morning, access your accounts whenever it suits you best. We aim for accessibility and ease-of-use so that managing your finances feels effortless. In summary, State Employees Cu Of Maryland, Inc is committed to providing innovative digital banking solutions that prioritize both convenience and security for our members. Experience all these features and more by visiting us at https://www.secumd.org/ today!

Key Features

Our online banking services provide you with the tools you need to manage your money effectively. You can check your account balances, transfer funds, and pay bills with just a few clicks. Plus, you can enjoy the convenience of e-statements, which let you view your statements online instead of waiting for them to arrive in the mail. This not only saves time but also helps you keep track of your finances more efficiently. For those on the go, our mobile application makes banking even easier. It allows you to perform transactions right from your smartphone. You can also use our mobile payments feature to make quick purchases without needing cash or cards just another way we aim to simplify your banking experience. Need to send money to a friend or family member? Our person-to-person transfers make it easy and secure to share funds instantly. And if you ever need to sign documents electronically, while we don't currently offer electronic signature authorization, rest assured that we prioritize security in every transaction.

Financial Strength

Commitment to Innovation

With $308,586,792 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $13,795 in used auto loans and $4,244,538,519 in total loans and leases.

Growing Member Base

With a total of 613,109 share accounts, we showcase a strong and growing member base that trusts us with their finances. This trust enables us to provide even better services tailored to your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, State Employees Cu Of Maryland, Inc is your trusted partner. Visit us at 8737 Colesville Rd Silver Spring Md 20910 or call (301) 755-2001 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Operational Efficiency

Our performance reflects our operational efficiency with a net income of $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 353 full-time employees and 9 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Secure Savings Options

Members' savings are secured through $1,705,008,039 in share certificates and $749,692,233 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $540,110,846, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $945 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $202,427,642 in used vehicle loans and $99,306,079 in new vehicle loans already helping members get on the road. We provide flexible financing options that can make owning a vehicle more affordable for you.

Business Financing

For business owners, our outstanding commercial loans totaling $178,063,755 provide the capital needed to grow and expand. Whether you're looking to invest in equipment or need working capital, we have solutions tailored for small businesses.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $668,187,606, make buying or refinancing simple. We offer competitive rates and personalized service to ensure you find the right mortgage for your situation.

Refinancing Options

If you're considering refinancing any existing loans, please reach out to us for eligibility options. We can guide you through the process and help you find better terms that suit your financial needs. Our team at State Employees Cu Of Maryland, Inc is here to assist you every step of the way. If you have any questions or would like to discuss which loan option may be best for you, don't hesitate to contact us at (301) 755-2001 or visit us at our branch located at 8737 Colesville Rd Silver Spring Md 20910 in Silver Spring, MD. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $196,324,858 in loans helping members manage their finances effectively. These cards come with rewards and benefits designed to fit your lifestyle while providing a safety net for unexpected expenses.

Loan Aggregator

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State Employees Cu Of Maryland Inc

Type of Loan Offerings

Personal Loans

Vehicle Loans