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



2024 STATS 
  • Largest SCU: STATE EMPLOYEES CU OF MARYLAND, INC CU $5.5B in assets
  • Largest FCU: NASA FCU $5.38B in assets
First Quarter 2024 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 7 57 64 10.94%
Credit Union Members 0.45M 1.65M 2.1M 21.51%
Credit Union Assets $8.13B $29.62B $37.75B 21.54%


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

Click here to take a look at the stories that have been collected over the years in Maryland.

What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!