LINTHICUM, Md. – State Employees CU, Maryland’s second-largest credit union, has received approval from NCUA and state regulators to acquire Anne Arundel County Employees FCU, an $82-million credit union based in nearby Annapolis, Md.
The deal will give $2.1-billion SECU four additional branches and 14,000 new members. It is expected to close in August.
SECU operates 15 branches throughout the state and has ATMs in 16 Mars supermarkets.