ARLINGTON, VA (August 5, 2025) |
Lenders Cooperative, a leading provider of loan origination and servicing technology to U.S. financial institutions, announced today that SECU (State Employees’ Credit Union of Maryland) has selected its lending platform to streamline and modernize the credit union’s business lending operations.
This investment in financial technology reinforces SECU’s deep commitment to empowering Maryland businesses, recognizing their critical role as drivers of job creation, innovation, and economic growth. By partnering with Lenders Cooperative, SECU is investing in technology that will automate workflows across commercial and small business lending. This strategic investment directly supports the prosperity and sustainability of Maryland’s small business community.
By adopting Lenders Cooperative’s end-to-end lending platform, SECU’s business members can expect a simplified, seamless lending experience, faster approvals, and a more personalized service, furthering their capacity to thrive and positively impact Maryland’s local economy.
“As we continue to expand our support for Maryland’s vibrant small business community, having the right technology partner is essential,” said Drew McKone, SVP, Chief Service Operations Officer at SECU. “Lenders Cooperative’s platform enables us to streamline processes, provide quicker access to capital, and support the growth and success of Maryland businesses, aligning directly with our mission of strengthening communities through financial wellness.”
In addition to the platform, SECU will utilize Lenders Cooperative’s LSP underwriting services to augment internal capacity and support continued loan growth with confidence and consistency.
“Lenders Cooperative is proud to have been selected by SECU to help them modernize their operations,” said Cary Cooper, CEO of Lenders Cooperative. “With the right technology and strategic support, they’re enhancing efficiency while staying focused on the needs of their members.”