State Employees Credit Union of Maryland Inc
Secu's mission is to create experiences and connections that empower members to elevate their financial wellness. We will do this in a cooperative way where our members are the owners and our communities are at the center.
Key facts about State Employees Credit Union of Maryland Inc
In short: State Employees Credit Union of Maryland Inc gave $473K across 8 grants in 2024 (avg $59K), mostly in Maryland. Source: 2024 IRS Form 990.
- EIN
- 52-0627114
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $473,000
- Grants made (2024)
- 8
- Average grant
- $59,125
- Median grant
- $18,000
- Total assets
- $5,471,069,735
- Primary geography
- Maryland (98% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$5.5B
+3.7% YoY
Annual Giving
$473K
+928.3% YoY
Grant Count
8
+100.0% YoY
Avg Grant Size
$59K
+414.1% YoY
How State Employees Credit Union of Maryland Inc gives
- Giving grew 62% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About State Employees Credit Union of Maryland Inc
Based on IRS filings
State Employees Credit Union of Maryland Inc is a public charity, based in Linthicum, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5B in total assets. In 2024, it awarded 8 grants totaling $473K. Net investment income was $57.5M.
Ready to take the next step with State Employees Credit Union of Maryland Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $46K (2023) to $1.2M (2022). In 2024 it made 8 grants totaling $473K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Secu MD Foundation ($345K). Together the top 8 received $473K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 17 grants of 21 (81%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Secu MD Foundation Linthicum, MD | Operating and Scholarship Program Support | $345,000 |
| Special Olympics Maryland Baltimore, MD | General Support | $40,000 |
| Kennedy Krieger Foundation Inc Baltimore, MD | General Support | $24,500 |
| Ulman Foundation Baltimore, MD | General Support | $21,000 |
| Credit Union Foundation of MD & DC Columbia, MD | General Support | $15,000 |
| Maryland Council on Economic Education Towson, MD | General Support | $10,000 |
| The Best Is Ahead Foundation El Paso, TX | General Support | $10,000 |
| Baltimore Community Foundation Inc Baltimore, MD | General Support | $7,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,471,069,735 | $5,276,282,946 | $5,313,600,650 |
| Revenue | $333,079,288 | $285,494,724 | $216,273,782 |
| Expenses | $288,514,797 | $232,565,770 | $174,014,189 |
| Net Investment Income | $57,494,252 | $34,562,074 | $20,743,728 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
State Employees Credit Union of Maryland Inc is led by David Sweiderk, CEO & President on every filing since 2020; all 36 officers listed in 2024 are compensated.
Officers on the 2024 filing
David Sweiderk
CEO & President
On filings since 2020
40 hrs/week
$922K (2020) → $1.5M (2024)
Gayle Seward
Chair & Director
Secretary → Director, 2022
Director → Chair & Director, 2024
On filings since 2020
1 hr/week
$33K (2020) → $44K (2024)
Ellen Gardner
Secretary & Director
Director → Treasurer & Director, 2022
Treasurer & Director → Secretary & Director, 2024
On filings since 2020
1 hr/week
$24K (2020) → $39K (2024)
Janet Bacon
Director
On filings since 2020
1 hr/week
$26K (2020) → $32K (2024)
John Kenney
Treasurer & Director
Treasurer → Director, 2022
Director → Treasurer & Director, 2024
On filings since 2020
1 hr/week
$35K (2020) → $36K (2024)
Juancho Baino
Director
Director → Chair & Director, 2022
Chair & Director → Director, 2024
On filings since 2020
1 hr/week
$34K (2020) → $40K (2024)
Mark Reger
Director
Chair → Director, 2022
On filings since 2020
1 hr/week
$39K (2020) → $53K (2024)
Sharonne Bonardi
Director
Vice Chair → Vice Chair & Director, 2022
Vice Chair & Director → Director, 2024
On filings since 2020
1 hr/week
$46K (2020) → $48K (2024)
Timothy La Valle
Vice Chair & Director
Director → Secretary & Director, 2022
Secretary & Director → Vice Chair & Director, 2024
On filings since 2020
1 hr/week
$23K (2020) → $39K (2024)
Gina McKnight-Smith
Director
On filings since 2023
1 hr/week
$20K (2023) → $23K (2024)
Dylan Baker
Director
New on the 2024 filing
1 hr/week
$5K (2024)
Adrienne Allgire
Vice President & Operations
On filings since 2020
40 hrs/week
$215K (2020) → $291K (2024)
Harry Florio Jr.
Vice President & Org Development
Vice President & People Experience → Vice President & Organizational Development, 2023
Vice President & Organizational Development → Vice President & Org Development, 2024
On filings since 2020
40 hrs/week
$215K (2020) → $285K (2024)
James Smith
Chief Banking Officer & Gsvp
Senior Vice President, Employee & Member Experience → Chief Lending Officer & Senior Vice President, 2023
Chief Lending Officer & Senior Vice President → Chief Banking Officer & Gsvp, 2024
On filings since 2020
40 hrs/week
$282K (2020) → $413K (2024)
John Ena Jr.
Senior Vice President, Finance & Controller
Senior Vice President, Finance, Accounting & Controller → Senior Vice President, Finance & Controller, 2022
On filings since 2020
40 hrs/week
$265K (2020) → $405K (2024)
Kevin Kesecker
Chief Credit Officer & Executive Vice President
Chief Administrative Officer & Executive Vice President → Chief Credit Officer & Executive Vice President, 2024
On filings since 2020
40 hrs/week
$374K (2020) → $632K (2024)
Kevin Stehl
Chief Product Officer & Senior Vice President
Senior Vice President, Corp Stratgey & Performance → Chief S, E Officer & Senior Vice President, 2023
Chief S, E Officer & Senior Vice President → Chief Product Officer & Senior Vice President, 2024
On filings since 2020
40 hrs/week
$256K (2020) → $375K (2024)
Rebecca Smith
Chief Growth, Engagement Officer & Executive Vice President
Chief Strategy, Growth Officer & Executive Vice President → Chief Revenue Officer & Executive Vice President, 2023
Chief Revenue Officer & Executive Vice President → Chief Growth, Engagement Officer & Executive Vice President, 2024
On filings since 2020
40 hrs/week
$368K (2020) → $700K (2024)
Roderic Flowers
Chief Dei, Hr Officer & Senior Vice President
Chief People Officer & Senior Vice President → Chief Dei Officer & Senior Vice President, 2022
Chief Dei Officer & Senior Vice President → Chief Dei, Hr Officer & Senior Vice President, 2023
On filings since 2020
40 hrs/week
$301K (2020) → $543K (2024)
Steven Arbaugh
CFO & Executive Vice President
On filings since 2020
40 hrs/week
$395K (2020) → $884K (2024)
Teshia Davis
Vice President & People
Vice President, People & Culture → Vice President & People, 2022
On filings since 2020
40 hrs/week
$211K (2020) → $299K (2024)
Victor Hazan
Vice President & Commercial Lending
Vice President & Credit Administration → Vice President & Commercial Lending, 2023
On filings since 2020
40 hrs/week
$250K (2020) → $284K (2024)
Amy Basta
Chief Marketing Officer & Senior Vice President
Vice President & Marketing → Senior Vice President & Marketing, 2023
Senior Vice President & Marketing → Chief Marketing Officer & Senior Vice President, 2024
On filings since 2021
40 hrs/week
$194K (2021) → $296K (2024)
Dale Skinner
Md & Commercial Lending
Senior Manager & Business Banking → Managing Director & Business Services, 2022
Managing Director & Business Services → Md & Commercial Lending, 2024
On filings since 2021
40 hrs/week
$362K (2021) → $279K (2024)
James Mellendick
Md & Wealth Management
Vice President & Secu Financial Partners → Managing Director & Wealth Management, 2022
Managing Director & Wealth Management → Md & Wealth Management, 2024
On filings since 2021
40 hrs/week
$281K (2021) → $350K (2024)
John Todd III
Md & Technology Solutions
Vice President & Digital → Md & Technology Solutions, 2024
On filings since 2021
40 hrs/week
$190K (2021) → $238K (2024)
Kelley Harwood
Vice President, Mortgage Program & Strat
Vice President & Product Profitability → Vice President, Mortgage Program & Strat Lending, 2022
Vice President, Mortgage Program & Strat Lending → Vice President, Mortgage Program & Strat, 2024
On filings since 2021
40 hrs/week
$336K (2021) → $389K (2024)
Mark Deitz
Md & Enterprise Sales
Mortgage Originator Sales Manager → Managing Director & Mortgage Lending, 2022
Managing Director & Mortgage Lending → Md & Enterprise Sales, 2024
On filings since 2021
40 hrs/week
$254K (2021) → $398K (2024)
Jonathan Wasey
Financial Advisor
On filings since 2022
40 hrs/week
$249K (2022) → $302K (2024)
Mark Considine
Mortgage Loan Officer
On filings since 2022
40 hrs/week
$567K (2022) → $359K (2024)
George Girling
Chief of Staff
Managing Director & Eop → Chief of Staff, 2024
On filings since 2023
40 hrs/week
$257K (2023) → $261K (2024)
Janelle Burgoyne
Cgo, General Counsel & Senior Vice President
Chief Governance Officer, Gc & Senior Vice President → Cgo, General Counsel & Senior Vice President, 2024
On filings since 2023
40 hrs/week
$398K (2023) → $518K (2024)
Kelly Makarehchi
Senior Vice President, Transformation & Optimization
Vice President & Pmo → Senior Vice President, Transformation & Optimization, 2024
On filings since 2023
40 hrs/week
$238K (2023) → $243K (2024)
Steven McKone
Chief Service Operations Officer & Senior Vice President
Chief Deposit Officer & Senior Vice President → Chief Service Operations Officer & Senior Vice President, 2024
On filings since 2023
40 hrs/week
$271K (2023) → $393K (2024)
William Harper
Mortgage Loan Officer
On filings since 2023
40 hrs/week
$252K (2023) → $361K (2024)
Jason Reimer
Chief Infra & Experience Officer
New on the 2024 filing
40 hrs/week
$325K (2024)
Former officers (13)
- Former: Michele Moore (2020–2023) — Chief Board Officer & Senior Vice President
- Former: Rafael Olazagasti (2020–2023) — Vice President & Channel Optimization
- Former: Donald Tynes (2020–2022) — Director
- Former: John Howell (2020–2022) — Tpo Account Executive
- Former: Susan Valente (2020–2022) — Mortgage Loan Officer
- Former: Janelle Pannell (2021–2022) — Chief Risk Officer & Senior Vice President
- Former: Derek Reem (2021) — Mortgage Loan Officer
- Former: James Atkinson (2021) — Senior Manager & Mortgage Origination
- Former: Jane Silvestri (2020) — Vice President & Enterprise Performance Management
- Former: Katherine Jenkins (2020) — Tpo Account Executive
- Former: Kimberly Smith (2020) — Mortgage Loan Officer
- Former: Michael Gordy (2020) — COO & Executive Vice President
- Former: Richard Meckel Jr. (2020) — Mortgage Loan Officer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.5M, to David Sweiderk (CEO/President). 36 officers or directors reported compensation on that filing.
Frequently asked questions about State Employees Credit Union of Maryland Inc
How much does State Employees Credit Union of Maryland Inc give each year?
State Employees Credit Union of Maryland Inc gave $473K across 8 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $46K across 4 grants.
What is State Employees Credit Union of Maryland Inc's typical grant size?
State Employees Credit Union of Maryland Inc's median grant in 2024 was $18,000, and its average grant was $59,125, across 8 grants on its 2024 IRS Form 990.
Where does State Employees Credit Union of Maryland Inc give grants?
State Employees Credit Union of Maryland Inc gives mostly in Maryland: 98% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Baltimore, MD (4 grants).
Does State Employees Credit Union of Maryland Inc give general operating support?
Yes: 100% of State Employees Credit Union of Maryland Inc's 2024 grants with a stated purpose (8 of 8) were for general or operating support, per its 2024 IRS Form 990.
Who are State Employees Credit Union of Maryland Inc's largest grantees?
State Employees Credit Union of Maryland Inc's largest 2024 grantees include Secu MD Foundation ($345,000), Special Olympics Maryland ($40,000) and Kennedy Krieger Foundation Inc ($24,500), according to its 2024 IRS Form 990. Together they received 87% of its itemized 2024 grant dollars.
How large is State Employees Credit Union of Maryland Inc?
State Employees Credit Union of Maryland Inc reported $5.5B in total assets on its 2024 IRS Form 990. Its revenue that year was $333.1M.
What is State Employees Credit Union of Maryland Inc's EIN?
State Employees Credit Union of Maryland Inc's EIN (Employer Identification Number) is 52-0627114. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching State Employees Credit Union of Maryland Inc by hand.
Explore Open Grants
Browse active grant opportunities in State Employees Credit Union of Maryland Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The United Way of Central Maryland Inc
Baltimore, MD
United Way of Central Maryland funds community organizations and projects addressing basic needs, family stability, education, housing, health, and economic advancement in Baltimore City and Anne Arundel, Baltimore, Carroll, Harford, and Howard counties. Its 2025 grants ranged from $5,067 to $461,984, with a median of $15,078; specific opportunities use competitive applications, but the profile does not state whether general unsolicited requests are accepted.
Assets
$51.1M
Grants
216
Total Given
$10.6M
The Morris Goldseker Foundation
Baltimore, MD
The Morris Goldseker Foundation supports Baltimore City nonprofits working in community development, education, growth and competitiveness, and organizational capacity, through operating and project grants. Most grants are $25,000–$100,000 annually, usually for one year. It accepts unsolicited Letters of Inquiry on a rolling basis.
Assets
$96.9M
Grants
108
Total Given
$5.7M
T Rowe Price Foundation
Baltimore, MD
The T. Rowe Price Foundation supports financial well-being and thriving communities, including financial education, youth development, arts and culture, and community leaders and institutions. Its 2024 grants had a median of $15,000, with awards ranging from $1,000 to $5.5 million; it focuses on Baltimore, Colorado Springs, San Francisco, and New York, with grants also reported in Delaware. It reviews unsolicited requests through an inquiry process, but most grants are by invitation and there is no open application process.
Assets
$93.3M
Grants
249
Total Given
$11.7M
Annie E Casey Foundation Inc
Baltimore, MD
The Annie E. Casey Foundation funds U.S. nonprofits and other partners working to improve outcomes for children and young people, including family strengthening, child welfare, education, employment, community development and juvenile justice. In 2024, grants ranged from $50 to $1,185,000, with a median of $40,000. Grants are by invitation only; it does not accept unsolicited requests.
Assets
$2.3B
Grants
1,462
Total Given
$93.1M
SylvanLaureate Foundation Inc
Wilmington, DE
Assets
—
Grants
1
Total Given
$9K
France-Merrick Foundation Inc
Baltimore, MD
The Foundation funds one-time, project-based work in civic and culture, community and economic development, conservation, education, health and human services, and historic preservation, mainly in greater Baltimore and elsewhere in Maryland. Its 2025 grants ranged from $100 to $305,000, with a median of $22,370. It accepts unsolicited requests through a rolling letter-of-inquiry process; proposals are by invitation.
Assets
$192.7M
Grants
184
Total Given
$10.1M
The Harry and Jeanette Weinberg
Owings Mills, MD
The Harry and Jeanette Weinberg Foundation funds direct services, programs, general operations, and capital projects in housing, health, jobs, education, and aging for low-income and vulnerable people. Its 2024 grants had a median of $50,000; its Small Grants Program offers up to $50,000 over two years, with funding focused on Baltimore, Hawaiʻi, Israel, and Northeastern Pennsylvania. It awards grants by invitation only and does not accept unsolicited requests.
Assets
$1.8B
Grants
872
Total Given
$127.8M
Johns Hopkins University
Baltimore, MD
Johns Hopkins University funds a broad range of education, research, health, and community-related work, with 2025 grants ranging from $5,500 to nearly $95 million and a median of $100,000; many of the largest awards were sub-awards. Its grants went to organizations across the U.S., with the largest shares in California and Maryland, and the profile does not state whether it accepts unsolicited requests.
Assets
$25.3B
Grants
813
Total Given
$594.1M
The Keith Campbell Foundation
Bethesda, MD
The Keith Campbell Foundation funds nonprofits working for equitable, livable communities, especially on watershed health, clean water, agriculture, and related community needs, with a focus on the Chesapeake and Atlantic Coastal Bays and California’s San Francisco Bay watershed. Giving varies widely: 2024 grants ranged from $40 to $1.5 million, with a median of $5,000. It accepts unsolicited requests, with two application cycles per year.
Assets
$420.2M
Grants
688
Total Given
$27.9M
Cystic Fibrosis Foundation
Bethesda, MD
The Cystic Fibrosis Foundation funds cystic fibrosis research, drug development, specialized care, and related training and clinical programs. In 2024, its grants had a median of about $150,000, with awards ranging from $2,800 to nearly $12.9 million; it supports work nationwide. Applications are submitted through specific funding opportunities, but the profile does not state whether unsolicited requests are accepted.
Assets
$5.0B
Grants
624
Total Given
$189.6M
Baltimore Community Foundation Inc
Baltimore, MD
Baltimore Community Foundation supports schools, neighborhoods, and community projects, including work on kindergarten readiness, student well-being, neighborhood vitality, and arts and culture. Its 2024 grants had a median of about $19,800, with amounts varying widely, and its strategic school and neighborhood grants focus on Baltimore City and Baltimore County. It invites applications through its online portal for specified grant programs.
Assets
$314.3M
Grants
604
Total Given
$29.3M
More Funders in Maryland
State Employees Credit Union of Maryland Inc down — hundreds of funders to go?