SECU, Maryland’s largest credit union, has been named one of the Top 300 First Mortgage Granting Credit Unions in the country, according to a survey conducted by The American Credit Union Mortgage Association (ACUMA).

The ACUMA survey ranks SECU 42nd nationally among mortgage granting credit unions, originating nearly $113.3 million in 494 fixed and adjustable first mortgages as of March 31, 2017.

“We are excited and honored to be named to ACUMA’s prestigious annual list,” says SECU President and CEO Rod Staatz.

“Year-end and first quarter 2017 results would suggest that many credit unions were successful at growing home purchase loan activity,” says ACUMA Consultant Tracy Ashfield.

“SECU has developed a wide range of programs to make home ownership affordable, regardless of whether you are buying your first home or your next home, refinancing, or looking for a home equity line of credit,” explains Kevin Kesecker, Senior Vice President and Chief Lending Officer at SECU.

SECU’s home buying programs include low down payment loans, the SECU Jumbo Mortgage, access to Fannie Mae’s HomeReady program, and Homebuying 360 – a resource which allows SECU members to learn about the home buying process, research properties and neighborhoods, select a Realtor^®, find a mortgage that fits their needs, and get rebates of hundreds, or even thousands, of dollars.

According to Ashfield, credit union market share grew to 8.5% in the first quarter of 2017, a new high for credit unions and almost a 1% jump from year-end 2016. While she predicts that growth can continue, she notes, “Credit unions will need the products homebuyers want, as well as competitive rates and fees. Credit unions need to deliver superior service to not only the member, but to realtors too.”

Credit unions in ACUMA’s top 300 accounted for 78.3% of all first mortgages originated by credit unions in the U.S. as of March 31, 2017. For more information, visit www.acuma.org.

ABOUT SECU

Founded in Baltimore in 1951, SECU is Maryland’s largest credit union. SECU is ranked among the top 50 credit unions for total assets in the U.S, which total $3.56 billion as of July 2017. Headquartered in Linthicum, MD, SECU has 22 branches in Maryland and thousands of free ATMs. For more information about SECU, visit www.secumd.org.