STATE EMPLOYEES CREDIT UNION OF MARYLAND INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- STATE EMPLOYEES CREDIT UNION OF MARYLAND INC (EIN 52-0627114)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202423199349315092
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T16:24:39-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 805 SW BROADWAY STE 1400 | AddressLine1Txt |
| City | PORTLAND | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520627114 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE EMPLOYEES CREDIT UNION OF | BusinessNameLine1Txt |
| Business Name Line2 | MARYLAND INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STAT | BusinessNameControlTxt |
| Phone | 4104877328 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 971 CORPORATE BLVD | AddressLine1Txt |
| City | LINTHICUM | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 210902337 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVEN ARBAUGH | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4104877328 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WENDY CAMPOS | PreparerPersonNm |
| PTIN | P00448102 | PTIN |
| Phone | 5032421447 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEVEN ARBAUGH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 971 CORPORATE BLVD | AddressLine1Txt |
| City | LINTHICUM | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 210902337 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $365,222,336 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SECUMD.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1951 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | TO MAKE A POSITIVE CONTRIBUTION TO THE FINANCIAL WELL-BEING OF THOSE WE SERVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 492 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $354,457 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $194,845,185 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $250,593,577 | CYProgramServiceRevenueAmt |
| PY Investment Income | $20,743,728 | PYInvestmentIncomeAmt |
| CY Investment Income | $34,562,074 | CYInvestmentIncomeAmt |
| PY Other Revenue | $684,869 | PYOtherRevenueAmt |
| CY Other Revenue | $339,073 | CYOtherRevenueAmt |
| PY Total Revenue | $216,273,782 | PYTotalRevenueAmt |
| CY Total Revenue | $285,494,724 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,249,585 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $58,600 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $42,530,210 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $47,388,719 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $130,234,394 | PYOtherExpensesAmt |
| CY Other Expenses | $185,118,451 | CYOtherExpensesAmt |
| PY Total Expenses | $174,014,189 | PYTotalExpensesAmt |
| CY Total Expenses | $232,565,770 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $42,259,593 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $52,928,954 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,313,600,650 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,276,282,946 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,945,476,020 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,861,899,227 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $368,124,630 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $414,383,719 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SECU'S MAIN PURPOSE IS TO PROMOTE THRIFT AMONG AND TO CREATE A SOURCE OF CREDIT FOR ITS MEMBERS. SECU DOES SO BY PROVIDING MARYLANDERS WITH PRODUCTS, SERVICES, AND STATE OF THE ART TECHNOLOGY DESIGNED TO MEET ITS MEMBERS' FINANCIAL NEEDS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | DEPOSIT PRODUCTS AND SERVICES:SECU PROVIDES DEPOSIT PRODUCTS AND SERVICES TO MEMBERS. THESE DEPOSIT PRODUCTS INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND INDIVIDUAL RETIREMENT ACCOUNTS. AS OF DECEMBER 31,2023 SECU HAD 592,135 DEPOSIT ACCOUNTS OUTSTANDING. SECU'S DEPOSIT RATES CONTINUE TO BE SOME OF THE MOST COMPETITIVE RATES OFFERED BY FEDERALLY INSURED FINANCIAL INSTITUTIONS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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, 2023, SECU HAD 126,619 LOANS OUTSTANDING TO MEMBERS TOTALING $3.99 BILLION. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TRADITIONAL/ONLINE/MOBILE BANKING:SECU OFFERS ONLINE AND MOBILE BANKING TO MEMBERS IN ADDITION TO 24 BRANCHES AND 106 ATMS THROUGHOUT THE STATE. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FINANCIAL EDUCATION: IN 2023, SECU PROVIDED ADULT AND YOUTH FINANCIAL EDUCATION SERVICES SUCH AS WORKING WITH SCHOOLS AND SELECT EMPLOYER GROUPS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 118099 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 492 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVEN ARBAUGH CFO | PersonNm |
| Phone | 4104877328 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 971 CORPORATE BLVD | AddressLine1Txt |
| City | LINTHICUM | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 210902337 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| JUANCHO BAINO | |||||||||
| CHAIR/DIRECTOR | 1.00 | 0.00 | Yes (X) | Yes (X) | $40,905 | $0 | $0 | ||
| SHARONNE BONARDI | |||||||||
| VICE CHAIR/DIRECTOR | 1.00 | 0.00 | Yes (X) | Yes (X) | $44,870 | $0 | $0 | ||
| TIMOTHY LA VALLE | |||||||||
| SECRETARY/DIRECTOR | 1.00 | 0.00 | Yes (X) | Yes (X) | $31,721 | $0 | $0 | ||
| ELLEN GARDNER | |||||||||
| TREASURER/DIRECTOR | 1.00 | 1.00 | Yes (X) | Yes (X) | $31,093 | $0 | $0 | ||
| GAYLE SEWARD | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $27,095 | $0 | $0 | |||
| JANET BACON | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $25,980 | $0 | $0 | |||
| JOHN KENNEY | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $25,656 | $0 | $0 | |||
| MARK REGER | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $25,293 | $0 | $0 | |||
| GINA MCKNIGHT-SMITH | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $19,900 | $0 | $0 | |||
| DAVID SWEIDERK | |||||||||
| CEO/PRESIDENT | 40.00 | 0.00 | Yes (X) | $1,118,880 | $0 | $556,793 | |||
| STEVEN ARBAUGH | |||||||||
| CFO/EVP | 40.00 | 0.00 | Yes (X) | $560,264 | $0 | $342,362 | |||
| REBECCA SMITH | |||||||||
| CHIEF REVENUE OFFICER/EVP | 40.00 | 1.00 | Yes (X) | $637,251 | $0 | $213,660 | |||
| KEVIN KESECKER | |||||||||
| CHIEF ADMINISTRATIVE OFFICER/EVP | 40.00 | 0.00 | Yes (X) | $607,440 | $0 | $188,101 | |||
| RODERIC FLOWERS | |||||||||
| CHIEF DEI & HR OFFICER/SVP | 40.00 | 1.00 | Yes (X) | $434,996 | $0 | $190,933 | |||
| JANELLE BURGOYNE | |||||||||
| CHIEF GOVERNANCE OFFICER & GC/SVP | 40.00 | 1.00 | Yes (X) | $398,335 | $0 | $175,899 | |||
| JAMES SMITH | |||||||||
| CHIEF LENDING OFFICER/SVP | 40.00 | 0.00 | Yes (X) | $425,025 | $0 | $122,493 | |||
| MICHELE MOORE | |||||||||
| CHIEF BD OFFICER/SVP THRU 7/23 | 40.00 | 0.00 | Yes (X) | $429,871 | $0 | $84,318 | |||
| KEVIN STEHL | |||||||||
| CHIEF S&E OFFICER/SVP | 40.00 | 0.00 | Yes (X) | $369,470 | $0 | $119,991 | |||
| STEVEN MCKONE | |||||||||
| CHIEF DEPOSIT OFFICER/SVP | 40.00 | 0.00 | Yes (X) | $271,229 | $0 | $41,934 | |||
| KELLEY HARWOOD | |||||||||
| VP, MORTGAGE PROG & STRAT LENDING | 40.00 | 0.00 | $436,942 | $0 | $65,733 | Yes (X) | |||
| MARK DEITZ | |||||||||
| MANAGING DIRECTOR, MORTGAGE LENDING | 40.00 | 0.00 | $380,675 | $0 | $57,523 | Yes (X) | |||
| JAMES MELLENDICK | |||||||||
| MANAGING DIRECTOR, WEALTH MANAGEMENT | 40.00 | 0.00 | $352,669 | $0 | $62,004 | Yes (X) | |||
| JOHN ENA JR | |||||||||
| SVP, FINANCE/CONTROLLER | 40.00 | 1.00 | $373,923 | $0 | $31,944 | Yes (X) | |||
| DALE SKINNER | |||||||||
| MANAGING DIRECTOR, BUSINESS SERVICES | 40.00 | 0.00 | $316,805 | $0 | $63,509 | Yes (X) | |||
| VICTOR HAZAN | |||||||||
| VP, COMMERCIAL LENDING | 40.00 | 0.00 | $304,475 | $0 | $59,027 | Yes (X) | |||
| TESHIA DAVIS | |||||||||
| VP, PEOPLE | 40.00 | 0.00 | $301,207 | $0 | $59,099 | Yes (X) | |||
| ADRIENNE ALLGIRE | |||||||||
| VP, OPERATIONS | 40.00 | 0.00 | $293,536 | $0 | $48,712 | Yes (X) | |||
| AMY BASTA | |||||||||
| SVP, MARKETING | 40.00 | 1.00 | $287,935 | $0 | $34,356 | Yes (X) | |||
| HARRY FLORIO JR | |||||||||
| VP, ORGANIZATIONAL DEVELOPMENT | 40.00 | 0.00 | $267,034 | $0 | $54,789 | Yes (X) | |||
| KELLY MAKAREHCHI | |||||||||
| VP, PMO | 40.00 | 0.00 | $238,152 | $0 | $57,345 | Yes (X) | |||
| GEORGE GIRLING | |||||||||
| MANAGING DIRECTOR/EOP | 40.00 | 0.00 | $257,200 | $0 | $52,212 | Yes (X) | |||
| JONATHAN WASEY | |||||||||
| FINANCIAL ADVISOR | 40.00 | 0.00 | $288,335 | $0 | $23,021 | Yes (X) | |||
| RAFAEL OLAZAGASTI | |||||||||
| VP, CHANNEL OPTIMIZATION | 40.00 | 0.00 | $249,987 | $0 | $49,980 | Yes (X) | |||
| JOHN TODD | |||||||||
| VP, DIGITAL | 40.00 | 0.00 | $230,605 | $0 | $55,543 | Yes (X) | |||
| WILLIAM HARPER | |||||||||
| MORTGAGE LOAN OFFICER | 40.00 | 0.00 | $251,691 | $0 | $25,564 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $10,356,445 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,836,845 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 120 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| OPEN TECHNOLOGY SOLUTIONS LLC | |||||
| 8085 SOUTH CHESTER ST STE 100 | CENTENNIAL | CO | 80112 | TECHNOLOGY SERVICES | $13,691,556 |
| FIDELITY NATIONAL INFORMATION SERVICES | |||||
| 601 RIVERSIDE AVE | JACKSONVILLE | FL | 32204 | PAYMENT PROCESSING, BANKING SOFTWARE | $6,721,970 |
| CU COOPERATIVE SYSTEMS INC | |||||
| 9692 HAVEN AVE | RANCHO CUCAMONGA | CA | 91730 | ATM NETWORK & MEMBER ONLINE BANKING | $4,328,342 |
| QSI INC | |||||
| 107 SCHULER DR | BARDSTOWN | KY | 40004 | ATM/ITM EQUIPMENT & MAINTENANCE | $2,867,769 |
| FISERV INC | |||||
| 255 FISERV DR | BROOKFIELD | WI | 53045 | FINANCIAL SERVICES SOFTWARE | $2,422,954 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 74 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | $192,183,961 | $192,183,961 | |
| SERVICE CHARGES INCOME | 522100 | $35,674,399 | $35,354,752 | $319,647 |
| OTHER FEE INCOME | 522100 | $22,902,722 | $22,867,912 | $34,810 |
| EQUITY IN EARNINGS OF | 522100 | -$167,505 | -$167,505 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $250,593,577 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,837,359 | TotalRevenueColumnAmt |
| Exclusion | $25,837,359 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $829,250 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $490,177 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $339,073 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $339,073 | TotalRevenueColumnAmt |
| Exclusion | $339,073 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $87,962,150 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $79,237,435 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $8,724,715 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,724,715 | TotalRevenueColumnAmt |
| Exclusion | $8,724,715 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $285,494,724 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $250,239,120 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $354,457 | UnrelatedBusinessRevenueAmt |
| Exclusion | $34,901,147 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,600 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,709,152 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,065,486 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,106,850 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,840,986 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,666,245 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $138,807 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,066,983 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,084,553 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,651,604 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,440,991 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,442,522 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,949 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,004 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,172,940 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,807,399 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,504,107 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $16,157,451 |
| CHECKING & LENDING SERV | $5,730,820 |
| REWARDS/LOYALTY PROGRAM | $4,968,927 |
| EQUIPMENT EXPENSE | $4,396,554 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,007,840 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $232,565,770 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,666,835 | BOYAmt |
| EOY | $256,373,499 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,018,705,578 | BOYAmt |
| EOY | $3,988,703,344 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,916,315 | BOYAmt |
| EOY | $5,962,703 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $106,611,767 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $66,252,875 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,942,379 | BOYAmt |
| EOY | $40,358,892 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $908,419,348 | BOYAmt |
| EOY | $840,908,444 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,406,764 | BOYAmt |
| EOY | $16,762,033 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,543,431 | BOYAmt |
| EOY | $127,214,031 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,313,600,650 | BOYAmt |
| EOY | $5,276,282,946 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,247,151 | BOYAmt |
| EOY | $77,257,114 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,166,606 | BOYAmt |
| EOY | $7,917,645 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,896,062,263 | BOYAmt |
| EOY | $4,776,724,468 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,945,476,020 | BOYAmt |
| EOY | $4,861,899,227 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $368,124,630 | BOYAmt |
| EOY | $414,383,719 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $368,124,630 | BOYAmt |
| EOY | $414,383,719 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,313,600,650 | BOYAmt |
| EOY | $5,276,282,946 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $52,928,954 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$6,669,865 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $6,000 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $6,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $6,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARYLAND CREDIT UNION PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9891 BROKEN LAND PARKWAY SUITE 405 | AddressLine1Txt |
| City | COLUMBIA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21046 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 933785784 | EIN |
| Paid Internal Funds | $6,000 | PaidInternalFundsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,435,415 | OtherCostOrOtherBasisAmt |
| Book Value | $11,435,415 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,113,085 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,624,970 | DepreciationAmt |
| Book Value | $14,488,115 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,184,853 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,430,791 | DepreciationAmt |
| Book Value | $5,754,062 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,845,086 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,165,069 | DepreciationAmt |
| Book Value | $8,680,017 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,328 | OtherCostOrOtherBasisAmt |
| Depreciation | $32,045 | DepreciationAmt |
| Book Value | $1,283 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $40,358,892 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| DEPOSIT - NCUSIF | $42,700,549 | F |
| INVESTMENTS - AVAILABLE FOR SALE | $646,256,041 | F |
| INVESTMENTS - FHLB STOCK | $22,614,100 | F |
| METLIFE GROUP LIFE | $18,217,411 | F |
| ZURICH GROUP LIFE | $111,120,343 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $840,908,444 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| SHARES AND DEPOSITS | $4,346,304,885 |
| ACCRUED DIVIDENDS AND INTEREST PAYABLE | $7,442,591 |
| BORROWINGS - FHLB | $398,500,000 |
| LEASE LIABILITY | $24,476,992 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,776,724,468 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CREDIT UNION IS STATE CHARTERED AND FEDERALLY TAX-EXEMPT UNDER THE INTERNAL REVENUE CODE 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023 AND 2022. THE CREDIT UNION RECOGNIZES THE ACCRUAL OF INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A TAX EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE CREDIT UNION RECOGNIZED NO MATERIAL INTEREST OR PENALTIES. SECU TITLE SERVICES, LLC, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE INCOME FROM THE CUSO, ORGANIZED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION, AND THEREFORE IS NOT SUBJECTED TO FEDERAL AND STATE INCOME TAXES. SECURITY FINANCIAL GROUP, INC. IS NOT SUBJECT TO TAXES. |
| PART IV, LINE 2B: | THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY INSURANCE AND REAL ESTATE TAXES ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| CREDIT UNION FOUNDATION OF MD & DC | ||||||||
| 8975 GUILFORD ROAD | COLUMBIA | MD | 21046 | 521749045 | 501(C)(3) | $15,000 | $0 | GENERAL SUPPORT |
| SPECIAL OLYMPICS MARYLAND | ||||||||
| 3701 COMMERCE DRIVE SUITE 103 | BALTIMORE | MD | 21227 | 237089144 | 501(C)(3) | $15,000 | $0 | GENERAL SUPPORT |
| AFRICAN AMERICAN CREDIT UNION COALITION | ||||||||
| 4415 AMY ROAD | SNELLVILLE | GA | 30039 | 571091138 | 501(C)(3) | $10,000 | $0 | GENERAL SUPPORT |
| ULMAN FOUNDATION | ||||||||
| 2118 EAST MADISON STREET | BALTIMORE | MD | 21205 | 522057636 | 501(C)(3) | $6,000 | $0 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THERE IS NO MONITORING OF THE FUNDS ISSUED TO THESE ORGANIZATIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (26 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID SWEIDERK | ||||||||||||||
| CEO/PRESIDENT | $813,387 | $0 | $298,778 | $0 | $6,715 | $0 | $514,307 | $0 | $42,486 | $0 | $1,675,673 | $0 | $0 | $0 |
| STEVEN ARBAUGH | ||||||||||||||
| CFO/EVP | $407,820 | $0 | $137,457 | $0 | $14,987 | $0 | $299,412 | $0 | $42,950 | $0 | $902,626 | $0 | $0 | $0 |
| REBECCA SMITH | ||||||||||||||
| CHIEF REVENUE OFFICER/EVP | $426,557 | $0 | $200,270 | $0 | $10,424 | $0 | $179,537 | $0 | $34,123 | $0 | $850,911 | $0 | $0 | $0 |
| KEVIN KESECKER | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER/EVP | $397,615 | $0 | $197,182 | $0 | $12,643 | $0 | $171,022 | $0 | $17,079 | $0 | $795,541 | $0 | $0 | $0 |
| RODERIC FLOWERS | ||||||||||||||
| CHIEF DEI & HR OFFICER/SVP | $324,326 | $0 | $96,659 | $0 | $14,011 | $0 | $142,006 | $0 | $48,927 | $0 | $625,929 | $0 | $0 | $0 |
| JANELLE BURGOYNE | ||||||||||||||
| CHIEF GOVERNANCE OFFICER & GC/SVP | $258,943 | $0 | $96,835 | $0 | $42,557 | $0 | $140,611 | $0 | $35,288 | $0 | $574,234 | $0 | $0 | $0 |
| JAMES SMITH | ||||||||||||||
| CHIEF LENDING OFFICER/SVP | $312,618 | $0 | $102,962 | $0 | $9,445 | $0 | $83,334 | $0 | $39,159 | $0 | $547,518 | $0 | $0 | $0 |
| MICHELE MOORE | ||||||||||||||
| CHIEF BD OFFICER/SVP THRU 7/23 | $195,193 | $0 | $102,212 | $0 | $132,466 | $0 | $79,099 | $0 | $5,219 | $0 | $514,189 | $0 | $0 | $0 |
| KELLEY HARWOOD | ||||||||||||||
| VP, MORTGAGE PROG & STRAT LENDING | $253,868 | $0 | $179,963 | $0 | $3,111 | $0 | $26,022 | $0 | $39,711 | $0 | $502,675 | $0 | $0 | $0 |
| KEVIN STEHL | ||||||||||||||
| CHIEF S&E OFFICER/SVP | $277,000 | $0 | $82,665 | $0 | $9,805 | $0 | $78,193 | $0 | $41,798 | $0 | $489,461 | $0 | $0 | $0 |
| MARK DEITZ | ||||||||||||||
| MANAGING DIRECTOR, MORTGAGE LENDING | $217,462 | $0 | $157,692 | $0 | $5,521 | $0 | $17,772 | $0 | $39,751 | $0 | $438,198 | $0 | $0 | $0 |
| JAMES MELLENDICK | ||||||||||||||
| MANAGING DIRECTOR, WEALTH MANAGEMENT | $276,005 | $0 | $69,950 | $0 | $6,714 | $0 | $25,136 | $0 | $36,868 | $0 | $414,673 | $0 | $0 | $0 |
| JOHN ENA JR | ||||||||||||||
| SVP, FINANCE/CONTROLLER | $284,595 | $0 | $87,646 | $0 | $1,682 | $0 | $24,707 | $0 | $7,237 | $0 | $405,867 | $0 | $0 | $0 |
| DALE SKINNER | ||||||||||||||
| MANAGING DIRECTOR, BUSINESS SERVICES | $155,814 | $0 | $155,640 | $0 | $5,351 | $0 | $25,686 | $0 | $37,823 | $0 | $380,314 | $0 | $0 | $0 |
| VICTOR HAZAN | ||||||||||||||
| VP, COMMERCIAL LENDING | $238,183 | $0 | $63,270 | $0 | $3,022 | $0 | $24,886 | $0 | $34,141 | $0 | $363,502 | $0 | $0 | $0 |
| TESHIA DAVIS | ||||||||||||||
| VP, PEOPLE | $238,326 | $0 | $61,515 | $0 | $1,366 | $0 | $18,335 | $0 | $40,764 | $0 | $360,306 | $0 | $0 | $0 |
| ADRIENNE ALLGIRE | ||||||||||||||
| VP, OPERATIONS | $224,083 | $0 | $67,400 | $0 | $2,053 | $0 | $21,436 | $0 | $27,276 | $0 | $342,248 | $0 | $0 | $0 |
| AMY BASTA | ||||||||||||||
| SVP, MARKETING | $221,620 | $0 | $65,310 | $0 | $1,005 | $0 | $19,344 | $0 | $15,012 | $0 | $322,291 | $0 | $0 | $0 |
| HARRY FLORIO JR | ||||||||||||||
| VP, ORGANIZATIONAL DEVELOPMENT | $211,051 | $0 | $54,323 | $0 | $1,660 | $0 | $22,684 | $0 | $32,105 | $0 | $321,823 | $0 | $0 | $0 |
| STEVEN MCKONE | ||||||||||||||
| CHIEF DEPOSIT OFFICER/SVP | $262,725 | $0 | $750 | $0 | $7,754 | $0 | $7,512 | $0 | $34,422 | $0 | $313,163 | $0 | $0 | $0 |
| JONATHAN WASEY | ||||||||||||||
| FINANCIAL ADVISOR | $100,000 | $0 | $187,894 | $0 | $441 | $0 | $21,798 | $0 | $1,223 | $0 | $311,356 | $0 | $0 | $0 |
| GEORGE GIRLING | ||||||||||||||
| MANAGING DIRECTOR/EOP | $183,229 | $0 | $73,585 | $0 | $386 | $0 | $16,949 | $0 | $35,263 | $0 | $309,412 | $0 | $0 | $0 |
| RAFAEL OLAZAGASTI | ||||||||||||||
| VP, CHANNEL OPTIMIZATION | $197,987 | $0 | $51,092 | $0 | $908 | $0 | $13,222 | $0 | $36,758 | $0 | $299,967 | $0 | $0 | $0 |
| KELLY MAKAREHCHI | ||||||||||||||
| VP, PMO | $188,783 | $0 | $48,049 | $0 | $1,320 | $0 | $19,303 | $0 | $38,042 | $0 | $295,497 | $0 | $0 | $0 |
| JOHN TODD | ||||||||||||||
| VP, DIGITAL | $180,733 | $0 | $49,085 | $0 | $787 | $0 | $17,536 | $0 | $38,007 | $0 | $286,148 | $0 | $0 | $0 |
| WILLIAM HARPER | ||||||||||||||
| MORTGAGE LOAN OFFICER | $28,611 | $0 | $218,008 | $0 | $5,072 | $0 | $17,066 | $0 | $8,498 | $0 | $277,255 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINES 4A-B | FormAndLineReferenceDesc |
| Explanation | MICHELE MOORE, SVP/CHIEF BUSINESS DEVELOPMENT OFFICER, RECEIVED SEVERANCE PAY OF $126,923. DAVID SWEIDERK, PRESIDENT/CEO, PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN 2023. THE AMOUNT ACCRUED IN 2023 WAS $488,285. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. THE CREDIT UNION MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVE MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING WITH THE IRS. A COPY WILL BE PROVIDED ELECTRONICALLY TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | SECU ADMINISTRATION AND INTERNAL AUDIT HANDLE THE CREATION, MAILING, AND COLLECTION OF THE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES TO THE DIRECTORS, OFFICERS, SUPERVISORY COMMITTEE MEMBERS, CREDIT COMMITTEE MEMBERS, THE PRESIDENT, VPS, AND AVPS. A REPORT DETAILING THE RESULTS OF THE ANNUAL CONFLICT OF INTEREST REVIEW ARE SHARED WITH THE BOARD, AND ANY HIGH RISK CONCERNS AND ISSUES (>$150) ARE BROUGHT TO THE ATTENTION OF THE BOARD AT THE DISCRETION OF THE AVP OF INTERNAL AUDIT. IN THE EVENT THAT A CONFLICT OR POSSIBLE CONFLICT OF INTEREST EXISTS, BOARD MEETING MINUTES WILL REFLECT PROCEEDINGS RELATED TO THE CONFLICT, AND THE BOARD WILL DIRECT THAT IT BE RESOLVED. ANYONE INVOLVED IN A CONFLICT OF INTEREST MAY NOT VOTE ON OR DISCUSS THE PARTICULAR TRANSACTION IN WHICH HE OR SHE HAS AN INTEREST. TERMINATION OR SUSPENSION OF DUTIES MAY BE RECOMMENDED IN CERTAIN CASES IF THE CONFLICT OF INTEREST IS NOT RESOLVED. |
| FORM 990, PART VI, SECTION B, LINE 15 | FOR VP LEVEL EMPLOYEES, THE PRESIDENT/CEO CONTROLS DECISIONS WITH THE BOARD BEING INFORMED OF THE DECISION BUT NOT FORMALLY INVOLVED. THE CEO USES EXTERNAL SOURCES FOR VP SALARY MARKET DATA. THE CEO REVIEWS THIS DATA AND SETS VP MARKET SALARIES IN CONJUNCTION WITH THE SVP OF HR. ANNUALLY THE BOARD MEETS WITH A CREDIT UNION INDUSTRY CONSULTANT TO REVIEW THE CEO COMPENSATION PLAN. CEO COMPARISON DATA, ALONG WITH PERFORMANCE, IS USED TO DETERMINE SALARY. THE DETAILS OF THIS MEETING ARE DOCUMENTED IN BOARD MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL SERVICES 7,872,895. CUSO SERVICES 25,194,088. |
| FORM 990, PART XI, LINE 9: | UNREALIZED GAIN/LOSS 21,230,322. MTM HEDGE GAIN -81,160. OTHER COMPREHENSIVE INCOME ADJUSTMENT -6,777,629. CUMULATIVE CHANGE IN ACCOUNTING PRINCIPLE - ASC 326 -21,041,398. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SECU TITLE SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 971 CORPORATE BLVD | AddressLine1Txt |
| City | LINTHICUM | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 210902337 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463163747 | EIN |
| Primary Activities | TITLE SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Total Income | -$167,505 | TotalIncomeAmt |
| End Of Year Assets | $418,207 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE EMPLOYEES CREDIT UNION OF MARYLAND INC | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SECU MD FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 971 CORPORATE BLVD | AddressLine1Txt |
| City | LINTHICUM | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 210902337 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 821896987 | EIN |
| Primary Activities | SCHOLARSHIPS | PrimaryActivitiesTxt |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE EMPLOYEES CREDIT UNION OF MARYLAND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SECU MD FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionTypeTxt |
| Involved | $348,070 | InvolvedAmt |
| Method Of Amount Determination | CASH VALUE | MethodOfAmountDeterminationTxt |