2013-11-15T14:25:19-06:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 520627114 STATE EMPLOYEES CREDIT UNION OF MARYLAND INC STAT 4104877328 971 CORPORATE BOULEVARD LINTHICUM MD 210902337 STEVEN ARBAUGH 4104877328 2013-11-14 1 GERALD B KISSELL P00092658 6123324300 2012 2016-03-07 17:11:31Z STEVEN ARBAUGH 971 CORPORATE BOULEVARD LINTHICUM MD 210902337 134795363 0 X WWW.SECUMD.ORG X 1951 MD TO PROVIDE OUR MEMBERS WITH LOAN AND DEPOSIT PRODUCTS AT COMPETITIVE RATES. 9 9 655 56 865895 93015 0 0 114591262 118216062 10273190 15973556 126851 289926 124991303 134479544 0 40000 18012641 17651060 32135844 34166833 0 0 0 60328162 56934143 110476647 108792036 14514656 25687508 2256091090 2566962629 2034524326 2313189432 221566764 253773197 X TO MAKE A POSITIVE CONTRIBUTION TO THE FINANCIAL WELL-BEING OF THOSE WE SERVE. STATE EMPLOYES CREDIT UNION OF MARYLAND, INC. (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, 2012, SECU HAD 489,235 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, 2012, SECU HAD 111,483 LOANS OUTSTANDING TO MEMBERS TOTALING $1.897 BILLION. IN 2012 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 21 BRANCHES AND 104 AUTOMATED TELLER MACHINES THROUGHOUT THE STATE. IN ADDITION, SECU PROVIDED ADDITIONS SERVICES AND EDUCATION TO NEW MEMBERS ACQUIRED IN THE MERGER WITH ANNE ARUNDEL COUNTY EMPLOYEES FEDERAL CREDIT UNION. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 161427 0 1 655 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 1 0 X STEVEN ARBAUGH 4104877328 971 CORPORATE BOULEVARD LINTHICUM MD 210902337 JOHN KENNEY 1.00 X X 27352 0 0 DONALD TYNES 1.00 X X 26790 0 0 JANET BACON 1.00 X X 22329 0 0 ELLEN GARDNER 1.00 X X 22358 0 0 GAYLE SEWARD 1.00 X 22603 0 0 TIMOTHY LAVALLE 1.00 X 19169 0 0 MARK REGER 1.00 X 19164 0 0 JOHN LUBER 1.00 X 5102 0 0 SHARONNE BONARDI 1.00 X 18905 0 0 JUANCHO BAINO 1.00 X 5400 0 0 RODNEY STAATZ 40.00 X 676806 0 208031 STEVEN ARBAUGH 40.00 X 226483 0 38552 MICHAEL GORDY 40.00 X 299531 0 26757 HENRY MADERA III 40.00 X 161906 0 13995 MARGARET TUCKER 40.00 X 201729 0 27829 RODERIC FLOWERS 40.00 X 193397 0 36376 MARGARET YOUNG 40.00 X 170852 0 30663 TODD RICHARDSON 40.00 X 195104 0 28947 JAMES ATKINSON 40.00 X 347858 0 46997 KIMBERLY SMITH 40.00 X 293901 0 14558 SUSAN VALENTE 40.00 X 256051 0 24907 RICHARD MECKEL JR 40.00 X 236699 0 15055 JAY HARRISON 40.00 X 232953 0 10037 JOHN DORSEY 1.00 X 15000 0 0 3697442 0 522704 43 1 1 0 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM MAINTENANCE 1749758 WORDCOMM INTELLIGENT TARGET MARKETING PO BOX 308 ELLINGTON CT 06029 MARKETING 1139732 EQUIFAX SETTLEMENT SERVICES 420 ROUSER RD BLDG 3 5TH FLOOR CORAOPOLIS PA 15108 LOAN RELATED SERVICES 995825 TOOHEY APPRAISALS INC 1835 YORK ROAD TIMONIUM MD 21093 MORTGAGE & HE APPRAISALS 978875 TARGET MEDIA INC 4750 LINDLE RD HARRISBURG PA 17111 MARKETING CAMPAIGNS 855767 67 INTEREST ON LOANS 522100 86145454 86145454 SERVICE CHARGES INCOME 522100 24273044 23407149 865895 OTHER FEE INCOME 522100 7797563 7797563 EQUITY IN EARNINGS OF SUB 522100 1 1 118216062 7290304 7290304 469309 315819 153490 153490 153490 8683252 0 8683252 8683252 8683252 CUSO NON-INTEREST INCOME 522100 136436 136436 136436 134479544 117486603 865895 16127046 40000 17651060 2553277 24098313 1637147 3502542 2375554 147835 6493103 2652372 1311845 13342189 2363920 174363 395235 26043 4111499 855897 PROVISION FOR LOAN LOSS 8910391 CHECKING SERVICES/NETWO 2144918 NCUSIF PREMIUM 2060557 LENDING SERVICES 1503971 10440005 108792036 42602609 56252984 1614561077 1876692154 89769817 44379940 41739559 45389877 526864862 548756654 3223436 5371518 27099547 34499442 2256091090 2566962629 11965876 17755702 3757107 4688156 2018801343 2290745574 2034524326 2313189432 X 0 0 0 0 221566764 253773197 221566764 253773197 2256091090 2566962629 X 25687508 1604727 4914198 X 0 1 X 1 0 0 1 X 12632615 12632615 28696124 7809884 20886240 9528632 5510440 4018192 38912446 31059616 7852830 45389877 AVAILABLE-FOR-SALE SECURITIES 498240647 F SECURITIES HELD-TO-MATURITY 21894270 F NATIONAL CREDIT UNION SHARE FUND DEPOSIT 22316388 F OTHER INVESTMENT IN RESTRICTED STOCK 6305349 F 548756654 SHARES AND DEPOSITS 2289177537 ACCRUED DIVIDENDS AND INTEREST PAYABLE 1568037 2290745574 X PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY INSURANCE AND REAL ESTATE TAXES ON BEHALF OF ITS MORTAGE LOAN MEMBERS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FIN48. 1 SCHOLARSHIPS 17 40000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 1 1 0 RODNEY STAATZ 510931 0 144282 0 21593 0 185948 0 22083 0 884837 0 0 0 STEVEN ARBAUGH 182000 0 41500 0 2983 0 16516 0 22036 0 265035 0 0 0 MICHAEL GORDY 232876 0 64600 0 2055 0 17116 0 9641 0 326288 0 0 0 HENRY MADERA III 6211 0 0 0 155695 0 12412 0 1583 0 175901 0 0 0 MARGARET TUCKER 163623 0 35710 0 2396 0 15707 0 12122 0 229558 0 0 0 RODERIC FLOWERS 154211 0 38012 0 1174 0 14341 0 22035 0 229773 0 0 0 MARGARET YOUNG 140234 0 29390 0 1228 0 13334 0 17329 0 201515 0 0 0 TODD RICHARDSON 165589 0 28560 0 955 0 5268 0 23679 0 224051 0 0 0 JAMES ATKINSON 20009 0 323049 0 4800 0 22717 0 24280 0 394855 0 0 0 KIMBERLY SMITH 38671 0 250430 0 4800 0 12454 0 2104 0 308459 0 0 0 SUSAN VALENTE 37451 0 213800 0 4800 0 9980 0 14927 0 280958 0 0 0 RICHARD MECKEL JR 40371 0 191528 0 4800 0 10885 0 4170 0 251754 0 0 0 JAY HARRISON 38575 0 189578 0 4800 0 9350 0 687 0 242990 0 0 0 JOHN DORSEY 15000 0 0 0 0 0 0 0 0 0 15000 0 0 0 PART I, LINES 4A-B RODNEY STAATZ, PRESIDENT/CEO, PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISTRIBUTIONS DURING 2012. HENRY MADERA III RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $155,280. 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 11 FORM 990 IS REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING WITH THE IRS. A COPY WILL ALSO BE PROVIDE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C SECU ADMINISTRATION AND INTERNAL AUDIT HANDLE THE CREATION AND MAILING 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). RESPONSES ARE MAILED DIRECTLY TO M&P IN PREPAID ENVELOPES FOR THEIR INDEPENDENT REVIEW AND RESOLUTION. 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 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 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ANNUAL MEETING AND UPON REQUEST OF OUR MEMBERS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN ACQUISITION 5,000,974. NET CHANGE IN UNAMORTIZED LOSSES POSTRETIREMENT HEALTHCARE PLAN -86,776. SECURITY FINANCIAL GROUP 971 CORPORATE BOULEVARD LINTHICUM MD 21090 521804772 INSURANCE SALES MD STATE EMPLOYEES CREDIT UNION OF MARYLAND C 58719 617533 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0