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Filing year 2023

STATE EMPLOYEES CREDIT UNION OF MARYLAND INC

Linthicum, Maryland·EIN 52-0627114·501(c)(14)
Total revenue
$285.5M
Total assets
$5.3B
Total expenses
$232.6M
Reported officers
35
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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 35 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Ceo/president
Above 90th percentile
$1.7M
$1.8M
Base
$813k
Bonus
$299k
Other
$7k
Benefits
$42k
Cfo/evp
Officer (Unspecified)
$903k
$992k
Base
$408k
Bonus
$137k
Other
$15k
Benefits
$43k
Chief Revenue Officer/evp
Officer (Unspecified)
$851k
$935k
Base
$427k
Bonus
$200k
Other
$10k
Benefits
$34k
Chief Administrative Officer/evp
Officer (Unspecified)
$796k
$874k
Base
$398k
Bonus
$197k
Other
$13k
Benefits
$17k
Chief Dei & HR Officer/svp
Officer (Unspecified)
$626k
$688k
Base
$324k
Bonus
$97k
Other
$14k
Benefits
$49k
Chief Governance Officer & Gc/svp
Officer (Unspecified)
$574k
$631k
Base
$259k
Bonus
$97k
Other
$43k
Benefits
$35k
Chief Lending Officer/svp
Officer (Unspecified)
$548k
$602k
Base
$313k
Bonus
$103k
Other
$9k
Benefits
$39k
Chief Bd Officer/svp Thru 7/23
Officer (Unspecified)
$514k
$565k
Base
$195k
Bonus
$102k
Other
$132k
Benefits
$5k
Vp, Mortgage Prog & Strat Lending
Board Vice President
Above 90th percentile
$503k
$553k
Base
$254k
Bonus
$180k
Other
$3k
Benefits
$40k
Chief S&e Officer/svp
Officer (Unspecified)
$489k
$538k
Base
$277k
Bonus
$83k
Other
$10k
Benefits
$42k
Managing Director, Mortgage Lending
Key Employee
Above 90th percentile
$438k
$482k
Base
$217k
Bonus
$158k
Other
$6k
Benefits
$40k
Managing Director, Wealth Management
Key Employee
Above 90th percentile
$415k
$456k
Base
$276k
Bonus
$70k
Other
$7k
Benefits
$37k
Svp, Finance/controller
Senior Vice President
75th to 90th percentile
$406k
$446k
Base
$285k
Bonus
$88k
Other
$2k
Benefits
$7k
Managing Director, Business Services
Key Employee
75th to 90th percentile
$380k
$418k
Base
$156k
Bonus
$156k
Other
$5k
Benefits
$38k
Vp, Commercial Lending
Board Vice President
Above 90th percentile
$364k
$400k
Base
$238k
Bonus
$63k
Other
$3k
Benefits
$34k
Vp, People
Board Vice President
Above 90th percentile
$360k
$396k
Base
$238k
Bonus
$62k
Other
$1k
Benefits
$41k
Vp, Operations
Board Vice President
Above 90th percentile
$342k
$376k
Base
$224k
Bonus
$67k
Other
$2k
Benefits
$27k
Svp, Marketing
Senior Vice President
Median to 75th percentile
$322k
$354k
Base
$222k
Bonus
$65k
Other
$1k
Benefits
$15k
Vp, Organizational Development
Board Vice President
75th to 90th percentile
$322k
$354k
Base
$211k
Bonus
$54k
Other
$2k
Benefits
$32k
Chief Deposit Officer/svp
Officer (Unspecified)
$313k
$344k
Base
$263k
Bonus
$750
Other
$8k
Benefits
$34k
Financial Advisor
Highest Compensated Employee
75th to 90th percentile
$311k
$342k
Base
$100k
Bonus
$188k
Other
$441
Benefits
$1k
Managing Director/eop
Highest Compensated Employee
75th to 90th percentile
$309k
$340k
Base
$183k
Bonus
$74k
Other
$386
Benefits
$35k
Vp, Channel Optimization
Board Vice President
75th to 90th percentile
$300k
$330k
Base
$198k
Bonus
$51k
Other
$908
Benefits
$37k
Vp, Pmo
Board Vice President
75th to 90th percentile
$295k
$325k
Base
$189k
Bonus
$48k
Other
$1k
Benefits
$38k
Vp, Digital
Board Vice President
75th to 90th percentile
$286k
$315k
Base
$181k
Bonus
$49k
Other
$787
Benefits
$38k
Mortgage Loan Officer
Highest Compensated Employee
75th to 90th percentile
$277k
$305k
Base
$29k
Bonus
$218k
Other
$5k
Benefits
$8k
Vice Chair/director
Officer (Unspecified)
$45k
$49k
Chair/director
Officer (Unspecified)
$41k
$45k
Secretary/director
Officer (Unspecified)
$32k
$35k
Treasurer/director
Officer (Unspecified)
$31k
$34k
Director
Board Member
Median to 75th percentile
$27k
$30k
Director
Board Member
Median to 75th percentile
$26k
$29k
Director
Board Member
Median to 75th percentile
$26k
$28k
Director
Board Member
Median to 75th percentile
$25k
$28k
Director
Board Member
Median to 75th percentile
$20k
$22k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Baltimore-Columbia-Towson, MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

FAQ

Common questions about STATE EMPLOYEES CREDIT UNION OF MARYLAND INC

What does the Chief Executive Officer of STATE EMPLOYEES CREDIT UNION OF MARYLAND INC earn?

In 2023, the Chief Executive Officer of STATE EMPLOYEES CREDIT UNION OF MARYLAND INC received $1,675,673 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at STATE EMPLOYEES CREDIT UNION OF MARYLAND INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at STATE EMPLOYEES CREDIT UNION OF MARYLAND INC falls in the top 10%.

What are STATE EMPLOYEES CREDIT UNION OF MARYLAND INC's revenue and expenses?

In 2023, STATE EMPLOYEES CREDIT UNION OF MARYLAND INC reported $285.5M in total revenue and $232.6M in total expenses on its IRS Form 990.

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