# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 11. Mutual Association Conversion to a Credit Union

#### Section 9-1102

A mutual association may convert to a credit union if:

(1) Its members approve; and

(2) Approval is granted by:

  (i) The Division Director; and

  (ii) The Commissioner.

---

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