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SECU highly ranked for first mortgages

SECU, Maryland’s largest state-chartered financial cooperative, has again been named one of the Top 300 First Mortgage Granting Credit Unions in the country, according to an annual survey conducted by the American Credit Union Mortgage Association.

SECU was first in Maryland and 29th nationally among mortgage-granting credit unions as of Dec. 31, 2012, up four spots from the previous year.

Data compiled by ACUMA show that SECU originated $619.3 million in 2,973 fixed and adjustable first mortgages through the end of 2012.

SECU also sold $266.2 million in first mortgages over the same period.

Outstanding fixed and adjustable first mortgages totaled $982.7 million, while real estate loans sold but serviced by SECU topped $592.7 million.