# Financial Institutions (GFI)

## Title 7. Credit Union Share Insurance

### Subtitle 2. Credit Union Share Guaranty Corporations

#### Section 7-201

(a) In this subtitle the following words have the meanings indicated.

(b) Unless the context requires otherwise, "credit union" has the meaning stated in Sec. 6-101(d) of this article.

(c) "Credit union share guaranty corporation" means a corporation that is:

  (1) Engaged in the business of providing primary share guaranty insurance for the share and deposit accounts of a credit union; and

  (2) Regulated under this subtitle.

(d) "Participating credit union" means a credit union that has applied for and been admitted to participation in a credit union share guaranty corporation and whose participation has not terminated.

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