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News Now

CU System
SECU of Maryland to acquire Anne Arundel Co. EFCU
LINTHICUM, Md. (3/15/12)--Anne Arundel County Employees FCU will merge into SECU of Maryland, the two credit unions announced Tuesday.

SECU, with $2.1 billion in assets and 246,257 members, is the second largest credit union in Maryland behind only Tower FCU, which has $2.24 billion in assets (Baltimore Business Journal March 14).

Anne Arundel County Employees FCU, based in Annapolis, Md., has $81.6 million in assets and 14,320 members.

The merger will give Anne Arundel members access to more services than they currently have, Rick Stoll, Anne Arundel, and Rod Staatz, SECU's CEO, said in a letter to members.

Anne Arundel has four branches, all in Anne Arundel County. SECU has 15 branches throughout the state. SECU also has ATM machines in 16 Mars supermarkets.


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