Maryland

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

Maryland State House

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

LEAGUE: MD|DC Credit Union Association

PRIVATE SHARE INSURANCE: YES


2023 STATS 
  • Largest SCU: STATE EMPLOYEES CU $5.29B in assets
  • Largest FCU: NASA FCU $5.36B in assets
Third Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 7 61 68 10.29%
Credit Union Members 446,976 1.66M 2.11M 21.20%
Credit Union Assets $7.88B $28.51B $36.39B 21.64%

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.


RECENT NEWS
Cannabis Product Providers Celebrate Start of Sales in Maryland

July 14, 2023 — Two Maryland cannabis product providers are celebrating the start of legal, adult use sales in the state, expressing gratitude for the opportunity to serve consumers. International provider of consumer cannabis products Curaleaf Holdings initiated adult use cannabis sales at each of its four Maryland dispensaries on July 1, the official first day of legal, adult use sales in the state. Read more


Story Archive

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