BALTIMORE –SECU of Maryland said it has launched what it is calling a “fully reimagined” Business Banking program that includes features resulting from new partnerships with fintechs.
“Simple, streamlined and member-first, SECU’s enhanced Business Banking offering provides a tailored, people-first experience paired with digital convenience,” the credit union said. “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 and Digital Financial Centers. A team of dedicated Business Banking Relationship Managers provides specialized guidance for businesses with up to $10 million in revenue.”
‘Simplified & Seamless’
“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,” President and CEO Dave Sweiderk said in a statement. “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.”
Two Offerings
The $5.63-billion SECU said it is offering a new 2.0% Business Interest Checking product and a Nonprofit Checking product, which it called “a groundbreaking offering that returns 2% cash back to business owners.”
SECU said the new Business Banking experience is the result of fintech partnerships designed to “eliminate the friction and accelerate access to financial tools that matter most to business owners.”
SECU has partnered with MANTL for account opening and Lenders Cooperative for business loan origination and processing.
Less than 15 Minutes
“New accounts can be opened in less than 15 minutes, in addition to offering one of the best interest rates for Business and Nonprofit checking accounts, providing quicker access to capital and more,” the credit union said.
SECU of Maryland has approximately 267,000 members.
