Small business owners always have too much to think about. Payroll, marketing, inventory, taxes, growth, partnerships, advertising. The list is endless.
This is why we are investing in technology that will help streamline the leading process for small businesses across Maryland.
With Lenders Cooperative, we can automate workflows across small business and commercial lending. This provides quicker access to capital and supports the growth and success of Maryland businesses. It’s one less thing business owners will have to think about.
You can read the full details on our updated business lending operations below.
SECU selects Lenders Cooperative to power business lending operations
ARLINGTON, VA (July 29, 2025) – Lenders Cooperative, a leading provider of loan origination and servicing technology to U.S. financial institutions, announced today that SECU (State Employees’ Credit Union of Maryland) has selected its lending platform to streamline and modernize the credit union’s business lending operations.
This investment in financial technology reinforces SECU’s deep commitment to empowering Maryland businesses, recognizing their critical role as drivers of job creation, innovation, and economic growth. By partnering with Lenders Cooperative, SECU is investing in technology that will automate workflows across commercial and small business lending. This strategic investment directly supports the prosperity and sustainability of Maryland’s small business community.
By adopting Lenders Cooperative’s end-to-end lending platform, SECU’s business members can expect a simplified, seamless lending experience, faster approvals, and a more personalized service, furthering their capacity to thrive and positively impact Maryland’s local economy.
“As we continue to expand our support for Maryland’s vibrant small business community, having the right technology partner is essential,” said Drew McKone, SVP, chief service operations officer at SECU. “Lenders Cooperative’s platform enables us to streamline processes, provide quicker access to capital, and support the growth and success of Maryland businesses, aligning directly with our mission of strengthening communities through financial wellness.”
In addition to the platform, SECU will utilize Lenders Cooperative’s LSP underwriting services to augment internal capacity and support continued loan growth with confidence and consistency.
“Lenders Cooperative is proud to have been selected by SECU to help them modernize their operations,” said Cary Cooper, CEO of Lenders Cooperative. “With the right technology and strategic support, they’re enhancing efficiency while staying focused on the needs of their members.”
About Lenders Cooperative
Lenders Cooperative is the provider of the only platform in the market that automates and manages the complete loan life cycle from application intake to origination to servicing. Its customers have ready access to SBA Lender Service Provider (LSP) support, credit underwriting, loan operations, and more—empowering financial institutions to scale lending operations with greater speed, efficiency, and confidence.
