No stored Google rating available.
Securityplus Federal Credit Union is a Maryland-based not-for-profit credit union founded in 1938, offering member-owned financial services including loans, credit cards, and digital banking with lower rates and fewer fees.
Data compiled from public sources
Securityplus Federal Credit Union (SPFCU) was established in 1938 as a member-owned, not-for-profit financial institution serving the Maryland community. As a credit union, it is NCUA-insured and operates under a cooperative model designed to prioritize member benefits over shareholder profits. The organization maintains multiple physical branches in Baltimore and surrounding areas, including listed locations at government agencies, and provides online digital banking services to members.
The credit union offers a comprehensive suite of consumer financial products. These include signature loans for general expenses, home equity lines of credit to leverage home value, home loans and mortgages, credit cards with promotional incentives (including current limited-time offers of $150 bonuses and 0% APR periods), and digital banking tools for account management. Members can access services such as fund transfers, wire transfers, check ordering, payment processing, and credit score monitoring. The organization emphasizes accessibility through multiple service channels and appointment scheduling options.
Securityplus distinguishes itself through its not-for-profit structure, which it explicitly markets as enabling "lower lending rates, higher dividends and more services with less fees" compared to traditional banks. The organization demonstrates commitment to community engagement, diversity and inclusion, fraud protection, and member education through its Prosperity Pulse blog and resource center. Its restricted-access branches at federal agencies (CMS and SSA) suggest listed relationships and membership pools tied to government employees or beneficiaries.
As a legitimate credit union, SPFCU operates within federal regulatory frameworks and maintains standard consumer-protection context. However, the website content provided does not include detailed information about specific loan terms, interest rates, fees, membership eligibility requirements, or comparative advantages over other Maryland credit unions. Prospective members should contact the institution directly or review full rate sheets and fee schedules before committing to membership.
This is state-level context for Credit Unions consumers in Baltimore, MD. It does not confirm that Securityplus or this specific location is licensed.
State regulator
Maryland Office of the Commissioner of Financial Regulation
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Securityplus processed 210 mortgage applications in 2023, with 93.8% recorded as approved across 10 states.
210
Applications
93.8%
Approval Rate
$166K
Avg Loan
10
States Served
Based on 210 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Securityplus offers 12 services including Digital banking platform with account balance monitoring and fund transfers, Signature loans for general expenses and purchases, Home equity lines of credit secured by home value, Residential mortgages and home loans, Credit cards with rewards and promotional balance transfer offers, and 7 more.
Securityplus has profile signals associated with Maryland residents seeking lower-cost lending through a member-owned cooperative credit union model, Federal employees and Social Security beneficiaries with access to restricted SPFCU branch locations, Homeowners interested in home equity lines of credit or mortgage refinancing with credit union rates, Credit union members prioritizing community-focused banking with listed not-for-profit operations.
Key strengths: Not-for-profit structure legally designed to return surplus earnings to members as higher dividends and lower lending rates; NCUA-insured member accounts, providing federal insurance protection up to $250,000; Multiple physical branch locations in Baltimore area plus listed access at government agency locations. Areas to consider: Limited geographic footprint—only serves Maryland with physical branches in Baltimore/Owings Mills area, restricting accessibility for out-of-state members; Website does not disclose specific interest rates, APRs, or fee schedules, requiring members to contact branch or login to compare rates.
In the Credit Unions category, comparable providers include Aberdeen Proving Ground, Cecil County School Employees, Census. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Securityplus Federal Credit Union is best suited for Maryland residents who qualify for membership and seek lower lending rates, higher savings returns, and comprehensive financial products through a not-for-profit, member-owned cooperative structure. The primary caveat is geographic limitation to Maryland and lack of listed rate/fee disclosure on the public website, requiring direct member inquiry or application access to compare actual terms.
APG Federal Credit Union is a member-owned financial institution serving the Aberdeen, Maryland area with checking, savings, loans, credit cards, and mortgages.
Profile signals: Maryland residents in Harford County seeking local community banking with branch access, Active military and veterans wanting SCRA protections and military-friendly banking services
Review this provider profile and compare source-linked details before choosing what to do next.
Profile signals: Lower fees and better loan rates than banks, Member-owned cooperative banking
Census Federal Credit Union is a federally insured credit union offering savings accounts, auto loans, personal loans, and digital banking services with rate claims to verify.
Profile signals: Federal employees and eligible members seeking competitive auto loan rates with member-owned bank benefits, Consumers who need relationship continuity after job changes or retirement and want membership permanence
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
Read guide →A plain-English breakdown of what credit products, loans, and cards you can realistically get at every credit score level — from deep subprime to excellent.
Read guide →Learn exactly how to check your credit score for free using legitimate sources, understand the difference between soft and hard inquiries, and know your rights under federal law.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Securityplus and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.