LINTHICUM, Md.–State Employees Credit Union of Maryland announced that in conjunction with hitting $5 billion in assets it is also pledging $1 million in community impact grants.
SECU officials said they will spend the next several months deciding how and where to allocate the funds so that they "make the largest impact in Maryland,” according to the Baltimore Business Journal.
The credit union also said it will immediately donate $50 on behalf of each of its 358 employees to the SECU MD Foundation, which supports education, health and community development initiatives throughout the state.
The grants are being made in memory of the credit unions longest-serving board member, Donald Tynes Sr., who died on March 22, the report stated.
"What better way to commemorate $5 billion in assets and serve communities across Maryland than to offer a living embodiment of the life and service of Donald, who served 47 dedicated years on our board of directors, and who was incredibly passionate about leaving our communities better than how we found them, always paying it forward," said SECU CEO Dave Sweiderk in a released statement.
Asset Driver
Meanwhile, SECU continues to make plans to drive additional growth. The credit union most recently launched a new wealth management division, SECU Financial Partners, which contributed to the credit union's growth with more than $25 million in assets, the Baltimore Business Journal stated.
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