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SECU of Maryland President and CEO Announces Plans to Retire

Wed, Feb 14, 2018

Maryland’s largest credit union announced that its President and CEO, Rod Staatz, plans to retire at the end of 2018. Staatz has served as SECU’s President and CEO since 2003. 

Under Staatz’s leadership, SECU’s assets have grown from $1.36 billion to more than $3.3 billion today. With 22 branches and thousands of free ATMs, SECU continued expansion throughout Maryland during Staatz’s tenure, growing to more than a quarter of a million members.

Staatz has also led SECU through numerous banking evolutions, implementing a comprehensive growth strategy for the organization while expanding innovative services such as mobile and online banking, remote video tellers, and making sure that SECU offered a sophisticated range of financial products and services.

Staatz will continue to serve as President and CEO of SECU through the transition to a new CEO at the end of this year. A committee of SECU’s Board of Directors is working with Russell Reynolds Associates to identify potential candidates to succeed Staatz. 

“Under Rod’s leadership, SECU is very well-positioned to continue serving Marylanders into the future. We are looking for the next leader who can build upon Rod’s many successes and work as effectively in our highly collaborative environment,” says Gayle Seward, SECU Board Chair.

“It has been an honor to work for the members and board of SECU,” says Staatz. “I have enjoyed working with an outstanding, supportive board and an exceptionally strong management team. It has also been very rewarding to be able to work closely with our two partner credit unions, Bellco and Bethpage, in our systems and operations collaborative efforts.”

During Staatz’s tenure, SECU joined the existing partnership between Bellco and Bethpage Credit Unions to become the third owner of Open Technology Solutions (OTS), a Credit Union Service Organization (CUSO) focused on providing collaborative, technology-related services to its credit union partners. In 2012, the three credit unions formed a second CUSO, Shared Service Solutions (S3) to deliver a full range of support services.

Staatz put Maryland’s mark on the national credit union movement through his service, first as a Board member and then as Chairman of the Credit Union National Association (CUNA), the premier national trade association serving credit unions. There, he became a widely respected and highly credible voice for credit union regulatory and legislative advocacy efforts, all of which have helped to foster the growth of credit unions in Maryland and throughout the country. 

In addition, Staatz has been a staunch supporter of financial literacy for young adults, spearheading SECU’s financial literacy initiatives, which today includes sponsorship and involvement in three Millionaire’s Clubs, the annual Scholarship Programs for Maryland state employees and the University System of Maryland, ongoing Financial Reality Fairs, and a partnership with the Maryland Coalition of Financial Literacy.

SECU has also continued to provide strong financial and volunteer support for a wide range of charitable organizations, including United Way of Central Maryland, the Maryland Food Bank, Kids Helping Kids, The Love Blanket, and A Wider Circle. SECU’s newest program, Goals for Kids, provides a $100 donation to the University of Maryland’s Children’s Hospital for every goal scored by the Baltimore Blast during the team’s 2017-18 regular season home games.