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
- John Bratsakis, President/CEO
- Website: mddccua.org
PRIVATE SHARE INSURANCE: YES
2023 STATS
- Largest SCU: STATE EMPLOYEES CU $5.33B in assets
- Largest FCU: NASA FCU $5.13B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 7 | 62 | 69 | 10.14% |
| Credit Union Members | 444,152 | 1.65M | 2.10M | 21.17% |
| Credit Union Assets | $7.95B | $28.57B | $36.52B | 21.77% |
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
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