MD credit unions strengthen ties with small businesses

Key takeaways:

Consolidation is reducing Maryland’s independent community bank options.

Credit unions like SECU and APGFCU offer full business banking services.

Upgraded technology and “personal touch” relationships attract small businesses.

Local decision-making and faster service help credit unions stand out.

Maryland is home to about 635,000 small businesses, a powerful economic engine whose success relies on seamless access to reliable financial partners. Yet for many of those owners, traditional banks feel too large, rigid and impersonal.

Local community banks had been helping fill that gap. But consolidation is changing the local banking landscape, as Maryland’s independent community banks continue to be absorbed by larger, out-of-state institutions — like Frederick