Maryland

REGULATING AGENCY: Maryland Department of Labor; Office of Financial Regulation

  • Tony Salazar, Commissioner
  • Teresa Louro, Assistant Commissioner, Depository Supervision
  • Michael Sprouse, Deputy Commissioner, Depository Supervision
  • Website: dllr.state.md.us/finance

LEAGUE: MD|DC Credit Union Association

PRIVATE SHARE INSURANCE: YES


2026 STATS 
  • Largest SCU: STATE EMPLOYEES CU OF MARYLAND, INC CU $5.83B in assets
  • Largest FCU: NASA FCU $5.8B in assets
Second Quarter 2026 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 6 55 61 9.84%
Credit Union Members 0.46M 1.7M 2.17M 21.28%
Credit Union Assets $8.54B $31.83B $40.37B 21.16%

FUN FACT

The first umbrella factory in the country opened in 1928 in Baltimore. Additionally, the Baltimore & Ohio Railroad Company constructed the first railroad station in Baltimore in 1830.


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