Maryland Financial Institutions Section 6-708

      (a)      (1)      Subject to the provisions of paragraph (2) of this subsection, a credit union may borrow money for the purchase of fixed assets.

            (2)      The term of the loan may not exceed:

                  (i)      15 years for borrowings secured by real or leasehold property; and

                  (ii)      5 years for borrowings secured by other fixed assets.

      (b)      A credit union may borrow money for a purpose other than the purchase of fixed assets as long as the total borrowing does not exceed the greater of:

            (1)      Two times the net worth of the borrowing credit union; or

            (2)      10% of the total assets of the borrowing credit union.