Maryland Story Archive

Point Breeze Credit Union Names New President and CEODecember 20, 2021 — Bernie McLaughlin, current CEO of Point Breeze, will retire on January 31, 2022 after 9 years of leadership.

Point Breeze Credit Union has announced that Tonia Niedzialkowski has been promoted to President and CEO of the organization.

GAC2022 280Niedzialkowski has served in various roles at Point Breeze since joining the team in 1994, having most recently served as President. Her elevation to CEO is part of a planned transition of leadership that has been in place for the past several years.

“We are thrilled to have Tonia continue to expand her role in leading this organization as CEO,” said Don Gundlach, Chairman of the Point Breeze Credit Union Board of Directors. “Her transformational leadership has set our organization on a path for continued success. Making the needs of our members top priority and inspiring our amazing team of professionals to strive for constant improvement and personal growth has led us to where we are today. We are grateful to Bernie for his years of leadership at Point Breeze, and for setting the foundation for the organization’s current growth trajectory. We wish him all the best in his retirement and look forward to the future with Tonia leading the way.”


What Credit Unions Need to Know About MD Court Ruling on Debt Collection

In overturning a decision by the lower courts, the Maryland Court of Appeals ruled the Maryland Consumer Debt Collection Act is not limited to “methods” of debt collection only.

The case stems from a collections company seeking 10% interest when they were permitted only 6% after winning judgments in state district court. The high court said requests for exorbitant recoveries are covered under the MCDCA, specifically Section 14-202(8), which bars debt collectors from claiming, attempting or threatening “to enforce a right with knowledge that the right does not exist.” The non-existent “right,” in these cases, is an amount in excess of the permitted debt recovery, the court added.

It is important to note that consumers will have to show that the debt collectors knew the amount requested is in excess of permitted debt recovery.
Credit unions will want to ensure that their third-party debt collection companies understand the recovery laws and limits in the State of Maryland.

Maryland Extends Moratorium on Residential Foreclosures

Maryland Commissioner of Financial Regulation Antonio P. Salazar has issued new regulatory guidance advising that the statewide reporting system for new foreclosure notices will remain closed through May 3, 2021. 

The moratorium, originally established by the Governor’s executive order issued April 3, 2020, and continued through subsequent executive orders and regulatory guidance, was set to expire March 31, 2021. While the reporting system is closed, lenders are prohibited from sending a “notice of intent to foreclose” to homeowners.

“After analyzing multiple factors relating to the COVID-19 pandemic, the decision was made to extend the moratorium by prohibiting the initiation of new foreclosures,” said Commissioner Salazar. “We recognize that conditions in the State are improving. Our Office continues to actively monitor the economic trends within the State, the residential mortgage market, and the status of the virus response by associated governmental and public health authorities to determine if additional guidance will be necessary to minimize the impact of the pandemic on struggling Maryland homeowners.”

You can view the updated guidance here.


Public Deposits Legislation Introduced in Maryland
February 26, 2020 — Companion bills, SB975 and HB1489, which would permit Maryland credit unions to accept public funds and authorize Maryland government entities to deposit public funds in credit unions, were introduced in the House and Senate at the request of local government. According to its website, the MD|DC Credit Union Association “fully supports the bills to enable localities to have the opportunity to keep their public deposits in local institutions that will reinvest back into their communities.”

Hearings are scheduled for March 3 in the Senate Finance Committee and March 6 in the House Economic Matters Committee.

Financial commissioner outlines CU-to-bank conversion requirements
May 1, 2016 – The state’s financial regulator outlines the requirements for a local credit union to meet in converting to a bank charter (see more here at

Maryland Department of Labor, Licensing and Regulation Announces Staffing Changes
June 18, 2014 – The Maryland Department of Labor, Licensing and Regulation, the state-chartered credit union regulator, has announced staffing changes within the Department. Veteran staffer Linda Carson, who retired in 2013 as the Financial Depository Examiner Supervisor, has returned to the Department as a part-time contract employee in the same role. The Department also announced the hiring of Marcelo Alcoba as a Financial Depository Examiner Trainee. For more information on the Maryland Department of Labor, Licensing and Regulation, visit the Department’s website.

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