# Financial Institutions (GFI)

## Title 6. Credit Unions

### Subtitle 3. Formation, Organization, and Powers

#### Section 6-312

In addition to the powers set forth elsewhere in this title, a credit union may:

(1) Receive the shares and deposits of its members;

(2) Lend money to its members;

(3) Invest funds as provided in this title; and

(4) Undertake other activities that:

  (i) Are consistent with this title;

  (ii) Relate to its purposes; and

  (iii) Are authorized by its bylaws.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)