Small businesses are the backbone of Maryland’s economy, employing 48% of the state’s workforce. But, too often, small businesses are overlooked by big banks.
Not at SECU.
Our reimagined business banking solutions are designed to help Maryland’s small businesses thrive. From access to capital, HR and payroll services, local, live customer service, and accounts that will make your money work as hard as you do, SECU offers seriously simple business banking.
You can read more details of our offering below, check out our business banking page, or get in touch with a business banking specialist today.
SECU MD ANNOUNCES BRAND NEW BUSINESS BANKING SERVICES
Credit union debuts market-leading products, digital-first services, statewide business solutions
BALTIMORE (September 25, 2025) – SECU, Maryland’s largest state-chartered credit union, today announces the launch of its fully reimagined business banking program – a bold, new suite of solutions designed to meet the evolving needs of Maryland’s business owners. With cutting-edge technology, a personalized approach and best-in-market offerings, SECU is making business banking more seamless, intuitive, and rewarding.
Simple, streamlined and member-first, SECU’s enhanced business banking offering provides a tailored, people-first experience paired with digital convenience. Business owners can access support in person at any of SECU’s financial centers or outside of traditional hours through the credit union’s Virtual Financial Center. A team of dedicated business banking relationship managers provides specialized guidance for businesses with up to $10 million in revenue.
“At SECU, we are deeply committed to empowering Maryland businesses and business owners, supporting job creation and retention, innovation and economic growth across our diverse communities,” said Dave Sweiderk, president and CEO at SECU. “Through our reimagined offerings and continued investments in technology, we’re delivering a simplified, seamless lending experience with faster approvals and more personalized service. These enhancements not only strengthen our internal capabilities, but also directly support the growth and long-term success of Maryland’s small business economy. By supporting local businesses, we’re ultimately advancing SECU’s mission to strengthen communities through financial wellness.”
At the heart of this program are SECU’s interest-earning business checking and nonprofit checking accounts — a groundbreaking offering that allows business owners to earn 2.00% APY* on their checking balance. “We see this as a reinvestment in the people who are building Maryland’s economy and improving our communities,” added Sweiderk. “By offering 2.00% APY* through select business checking products, we want to empower business owners in Maryland, knowing that it’s no small feat to own and operate a business, in any sector, especially while maintaining profitability and growth.”
SECU’s new business banking experience is further powered by strategic fintech partnerships to eliminate the friction and accelerate access to financial tools that matter most to business owners. For example, through partnerships with MANTL for account opening and Lenders Cooperative for business loan origination and processing, SECU will supercharge its business lending capabilities through an omnichannel experience. New accounts can be opened in less than fifteen minutes, in addition to offering one of the best interest rates for business and nonprofit checking accounts, providing quicker access to capital and more.
Business banking members will benefit from:
- Expedited onboarding with reduced paperwork
- Extended support hours via a specialized business team
- Continued access to merchant, treasury, and payroll services
- Competitive lending and deposit rates
- Scalable support for businesses across sectors
*APY Annual Percentage Yield. Rate may change after the account is opened. Fees may reduce earnings. Minimum deposit of $100 required to open an account. Rate effective 08/01/2025.
