In this title the following words have the meanings indicated. “Board” means the board of directors of a credit union. “Branch” means a credit union office at which shares or deposits are received, share drafts or checks are paid, or money is lent. “Branch” includes a mobile branch or other special–purpose facility that performs a function of a branch. “Branch” does not include an automated teller machine as defined in § 1–401(d) of this article. “Credit union” means a cooperative, nonprofit financial institution organized under this title to conduct business in the State. “Credit union service organization” means an entity formed to engage in activities that: Are incidental to the conduct of the business of a credit union; Advance or facilitate the purposes of a credit union; and Primarily serve a credit union and its members. “Credit union share guaranty corporation” means a corporation engaged in the business of guaranteeing or insuring payment of a credit union share or deposit account. “Credit union share guaranty corporation” includes the Credit Union Insurance Corporation established under Title 7 of this article. “Deposit account” means a balance held by a credit union on which a contractual rate of interest may be paid as a debt owed by the credit union to the depositor. “Fixed assets” includes land, buildings, leasehold improvements, furniture, fixtures, and equipment used in the conduct of the regular business of a credit union. “Member in good standing” means a member who: Owns at least one share in a credit union; Is current on all credit obligations to the credit union; and Has not caused the credit union a credit or deposit loss that is currently outstanding. “Officer” means any officer that a Maryland corporation is required or permitted to have under § 2–412 of the Corporations and Associations Article. “Official” means: A director; A member of a credit committee; or A member of a supervisory committee. “Out–of–state credit union” means: A federal credit union with its main office in a state other than this State; or A credit union chartered and primarily regulated by another state. “Share” or “share account” means a balance held by a credit union on which a dividend may be paid and which confers membership and voting rights on the member.