"While our national search produced a number of highly qualified candidates, it was evident to all on the board that Dave was the right person to build upon Rod Staatz's many successes and work effectively in our highly collaborative environment," said Mark Reger, SECU's board chair. "We are very confident that under his leadership, SECU is very well-positioned to continue serving Marylanders into the future."

Sweiderk will become president/CEO on Sept. 4.

Under Staatz's leadership, SECU's assets grew from $1.3 billion to more than $3.4 billion. The credit union also expanded throughout Maryland, growing to more than a 254,000 members, 22 branches and thousands of ATMs. He also expanded the credit union's mobile and online banking services, remote video tellers, and other financial products and services.

Rod Staatz

Staatz was a staunch supporter of financial literacy for young adults, spearheading SECU's financial literacy initiatives, which include involvement in three millionaire's clubs, scholarship programs for Maryland state employees and the University System of Maryland, and a partnership with the Maryland Coalition of Financial Literacy.

"SECU made a quantum leap forward under Rod's leadership," Reger said. "He put Maryland's mark on the national credit union movement through his service as chairman of the Credit Union National Association and became a widely respected 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."