# Financial Institutions (GFI)

## Title 6. Credit Unions

### Subtitle 7. Miscellaneous Regulations

#### Section 6-708

(a)

  (1) Subject to the provisions of paragraph (2) of this subsection, a credit union may borrow money for the purchase of fixed assets.

  (2) The term of the loan may not exceed:

    (i) 15 years for borrowings secured by real or leasehold property; and

    (ii) 5 years for borrowings secured by other fixed assets.

(b) A credit union may borrow money for a purpose other than the purchase of fixed assets as long as the total borrowing does not exceed the greater of:

  (1) Two times the net worth of the borrowing credit union; or

  (2) 10% of the total assets of the borrowing credit union.

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