2017-11-15T14:44:02-06:00 2016-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2016-01-01 520627114 STATE EMPLOYEES CREDIT UNION OF MARYLAND INC STAT 4104877328 971 CORPORATE BOULEVARD LINTHICUM MD 210902337 STEVEN ARBAUGH CFO 4104877328 2017-11-15 1 GERALD B KISSELL P00092658 6123324300 108.171.131.186 2017-11-15 14:11:16 CS P 01563F10D6676BDC9B96404AA3206AA292B808E6 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B 2016 2017-02-10 21:41:12Z SECU STEVEN ARBAUGH 971 CORPORATE BOULEVARD LINTHICUM MD 210902337 301936993 0 X WWW.SECUMD.ORG X 1951 MD 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 MEMBER FINANCIAL NEEDS. 9 9 535 0 923937 112289 0 0 122856483 134413703 6104655 8362070 229655 143393 129190793 142919166 108550 99350 14554232 14371861 31233151 32284805 0 0 0 68086534 78791356 113982467 125547372 15208326 17371794 2982275697 3288328769 2684035551 2973179172 298240146 315149597 X TO MAKE A POSITIVE CONTRIBUTION TO THE FINANCIAL WELL-BEING OF THOSE WE SERVE. SECU MUST BE KNOWN, VALUED, AND UTILIZED. 0 0 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, 2016, SECU HAD 524,393 DEPOSIT ACCOUNTS OUTSTANDING. SECU'S DEPOSIT RATES CONTINUE TO BE SOME OF THE MOST COMPETITIVE RATES OFFERED BY FEDERALLY INSURED FINANCIAL INSTITUTIONS. SECU PROVIDES MORTGAGE AND CONSUMER LOANS TO MEMBERS AT COMPLETIVE RATES. THESE LOANS INCLUDE 1ST AND 2ND MORTGAGES, HOME EQUITY LINES OF CREDIT, CREDIT CARD, UNSECURED LINES OF CREDIT, NEW AND USED AUTO LOANS, STUDENT LOANS AND BUSINESS LOANS. AS OF DECEMBER 31, 2016, SECU HAD 141,750 LOANS OUTSTANDING TO MEMBERS TOTALING $2.80 BILLION. IN 2016 SECU PROVIDED ADULT AND YOUTH FINANCIAL EDUCATION SERVICES SUCH AS WORKING WITH SCHOOLS AND SELECT EMPLOYER GROUPS. SECU OFFERS ONLINE AND MOBILE BANKING SERVICES TO MEMBERS IN ADDITION TO 22 BRANCHES AND 104 AUTOMATED TELLER MACHINES THROUGHOUT THE STATE. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 93914 0 1 535 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X STEVEN ARBAUGH 4104877328 971 CORPORATE BOULEVARD LINTHICUM MD 210902337 DONALD TYNES CHAIR 1.00 X X 30321 0 0 MARK REGER VICE CHAIR 1.00 X X 21928 0 0 SHARONNE BONARDI SECRETARY 1.00 X X 20882 0 0 GAYLE SEWARD TREASURER 1.00 X X 25125 0 0 JOHN KENNEY DIRECTOR 1.00 X 22649 0 0 JANET BACON DIRECTOR 1.00 X 19274 0 0 ELLEN GARDNER DIRECTOR 1.00 X 17578 0 0 TIMOTHY LAVALLE DIRECTOR 1.00 X 22082 0 0 JUANCHO BAINO DIRECTOR 1.00 X 19949 0 0 RODNEY STAATZ CEO/PRESIDENT 40.00 X 906429 0 194465 STEVEN ARBAUGH CFO/VP OF FINANCE 40.00 X 301672 0 39110 MICHAEL GORDY EXECUTIVE VP/COO 40.00 X 363811 0 30541 KEVIN KESECKER CHIEF LENDING OFFICER 40.00 X 258623 0 20979 MARGARET TUCKER SENIOR VP/MRBO 40.00 X 219373 0 28238 RODERIC FLOWERS VP OF HR 40.00 X 213307 0 45520 JAMES POLCARO VP OF INFORMATION TECHNOLO 40.00 X 237781 0 43914 JOHN ENA JR AVP, CONTROLLER 40.00 X 193538 0 16510 BILL ATKINSON MORTGAGE ORIGINATOR SALES MGR 40.00 X 176394 0 40827 VICTOR HAZAN AVP, BUSINESS SERVICES 40.00 X 177440 0 27492 JAMES SMITH III AVP, LENDING 40.00 X 185506 0 38225 JOSELI WRIGHT AVP, RETAIL BANKING STRATE 40.00 X 176502 0 34986 3610164 0 560807 45 0 1 0 OPEN TECHNOLOGY SOLUTIONS LLC 8085 SOUTH CHESTER STREET SUITE 10 CENTENNIAL CO 80112 TECHNOLOGY SERVICES 8169320 NCR CORPORATION 14181 COLLECTION CENTER DRIVE CHICAGO IL 66093 ATM INSTALLATION, SOFTWARE, SERVICE 2440801 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGO CA 91730 MEMBER ONLINE BANKING SERVICES 2030648 STANDARD REGISTER DBA TYLER COMMUNICATIO 600 ALBANY STREET DAYTON OH 45417 MEMBER STATEMENTS/NOTICES, POSTAGE 1246343 TARGET MEDIA INC 4750 LINDLE ROAD HARRISBURG PA 17111 MEDIA ADVERTISING 1137885 74 INTEREST ON LOANS 522100 99463596 99463596 SERVICE CHARGES INCOME 522100 23825380 23056414 768966 OTHER FEE INCOME 522100 8714170 8714170 SECU TITLE INCOME 522100 1909469 1909469 EQUITY IN EARNINGS OF SUBS 522100 501088 501088 134413703 5402594 154971 5247623 663515 520122 143393 143393 143393 157204410 4252771 155670538 2827167 1533872 1425604 2959476 2959476 142919166 133644737 923937 8350492 X 62350 37000 14371861 3378591 22334493 1425092 3057313 2089316 288258 16726773 3217333 5118426 13686027 2940476 220724 513362 1083068 5378347 1359865 PROVISION FOR LOAN LOSS 13263172 CHECKING SERVICES/NETWO 5371199 EQUIPMENT EXPENSE 3747113 LENDING SERVICES 1270270 4606943 125547372 221082616 245405233 2360251913 2800234300 3095924 3115948 107245031 61932556 45938031 45312475 314054173 155426750 10278105 10403327 27574935 28430736 2982275697 3288328769 16768105 18244198 5326666 6062541 2661940780 2948872433 2684035551 2973179172 X 0 0 0 0 298240146 315149597 298240146 315149597 2982275697 3288328769 X 17371794 -399000 -63344 X 0 1 X 1 0 0 1 X 11435415 11435415 30586024 10903344 19682680 14194125 8326123 5868002 51005269 42698266 8307003 24198 4823 19375 45312475 SHARES AND DEPOSITS 2792478055 ACCRUED DIVIDENDS AND INTEREST PAYABLE 1394378 LONG TERM BORROWINGS 155000000 2948872433 X 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. PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2016 AND 2015. 1 UNITED WAY OF CENTRAL MD 100 SOUTH CHARLES STREET BALTIMORE MD 212031576 520591543 501(C)(3) 6000 PROGRAM SUPPORT NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT ROAD MADISON WI 53705 391383650 501(C)(3) 10000 PROGRAM SUPPORT WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 537054493 396093210 501(C)(3) 10000 PROGRAM SUPPORT CREDIT UNION FOUNDATION OF MD & DC PO BOX 78880 MILWAUKEE WI 532780880 521749045 501(C)(3) 15000 PROGRAM SUPPORT UNIVERSITY OF MD ST JOSEPH MEDICAL CENTER FOUNDATION 7601 OSLER DRIVE TOWSON MD 21204 521681044 501(C)(3) 2000 PROGRAM SUPPORT TOWSON UNIVERSITY FOUNDATION 8000 YORK RD ROOM 316 TOWSON MD 21252 520939453 501(C)(3) 9350 PROGRAM SUPPORT MARYLAND COUNCIL ON ECONOMIC EDUCATION 8000 YORK ROAD TOWSON MD 21252 520743956 501(C)(3) 10000 PROGRAM SUPPORT 7 SCHOLARSHIPS 20 37000 PART I, LINE 2: THERE IS A COMMITTEE WHO READS THE ESSAYS THAT ARE SUBMITTED BY THE CHILDREN OF MARYLAND STATE EMPLOYEES. THE WINNERS OF THE SCHOLARSHIPS ARE CHOSEN BY THE COMMITTEE. CHECKS ARE ISSUED DIRECTLY TO THE SCHOOL, REFERENCING THE STUDENT'S NAME. THERE IS NO ADDITIONAL MONITORING OF THE FUNDS. X X X X X 0 1 0 RODNEY STAATZ CEO/PRESIDENT 564053 0 292492 0 49884 0 175970 0 40541 0 1122940 0 0 0 STEVEN ARBAUGH CFO/VP OF FINANCE 239556 0 56760 0 5356 0 23114 0 27184 0 351970 0 0 0 MICHAEL GORDY EXECUTIVE VP/COO 288186 0 72357 0 3268 0 22639 0 16746 0 403196 0 0 0 KEVIN KESECKER CHIEF LENDING OFFICER 213970 0 42408 0 2245 0 19419 0 13972 0 292014 0 0 0 MARGARET TUCKER SENIOR VP/MRBO 178844 0 36529 0 4000 0 19736 0 16181 0 255290 0 0 0 RODERIC FLOWERS VP OF HR 176842 0 34850 0 1615 0 19360 0 33735 0 266402 0 0 0 JAMES POLCARO VP OF INFORMATION TECHNOLO 202583 0 33537 0 1661 0 20106 0 29029 0 286916 0 0 0 JOHN ENA JR AVP, CONTROLLER 155152 0 37207 0 1179 0 15600 0 3939 0 213077 0 0 0 BILL ATKINSON MORTGAGE ORIGINATOR SALES MGR 55610 0 120651 0 133 0 14649 0 27164 0 218207 0 0 0 VICTOR HAZAN AVP, BUSINESS SERVICES 159379 0 17364 0 697 0 5471 0 25843 0 208754 0 0 0 JAMES SMITH III AVP, LENDING 158166 0 27002 0 338 0 14597 0 26652 0 226755 0 0 0 JOSELI WRIGHT AVP, RETAIL BANKING STRATE 148313 0 27495 0 694 0 14107 0 24013 0 214622 0 0 0 PART I, LINE 4B RODNEY STAATZ, PRESIDENT/CEO, PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISTRIBUTIONS DURING 2016. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S 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 REMOVAL OF 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 ALSO BE PROVIDED TO THE BOARD OF DIRECTORS. 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 MEMBERS OF THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, CREDIT COMMITTEE, VPS AND OTHER KEY EMPLOYEES (AS DESIGNATED BY THE CEO). FORM 990, PART VI, SECTION B, LINE 15A 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 VP 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. 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 16,726,773. FORM 990, PART XI, LINE 9: CHANGE IN UNAMORTIZED LOSSES IN THE POST-RETIREMENT HEALTH PLAN -63,344. SECU TITLE 971 CORPORATE BLVD LINTHICUM MD 21090 463163747 TITLE SERVICES MD 1909469 1306293 STATE EMPLOYEES CREDIT UNION OF MARYLAND INC SECURITY FINANCIAL GROUP 971 CORPORATE BOULEVARD LINTHICUM MD 21090 521804772 INSURANCE SALES MD STATE EMPLOYEES CREDIT UNION OF MARYLAND C 75950 783486 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0