Maryland Financial Institutions Section 6-101

      (a)      In this title the following words have the meanings indicated.

      (b)      "Board" means the board of directors of a credit union.

      (c)      (1)      "Branch" means a credit union office at which shares or deposits are received, share drafts or checks are paid, or money is lent.

            (2)      "Branch" includes a mobile branch or other special-purpose facility that performs a function of a branch.

            (3)      "Branch" does not include an automated teller machine as defined in § 1-401(d) of this article.

      (d)      "Credit union" means a cooperative, nonprofit financial institution organized under this title to conduct business in the State.

      (e)      "Credit union service organization" means an entity formed to engage in activities that:

            (1)      Are incidental to the conduct of the business of a credit union;

            (2)      Advance or facilitate the purposes of a credit union; and

            (3)      Primarily serve a credit union and its members.

      (f)      (1)      "Credit union share guaranty corporation" means a corporation engaged in the business of guaranteeing or insuring payment of a credit union share or deposit account.

            (2)      "Credit union share guaranty corporation" includes the Credit Union Insurance Corporation established under Title 7 of this article.

      (g)      "Deposit account" means a balance held by a credit union on which a contractual rate of interest may be paid as a debt owed by the credit union to the depositor.

      (h)      "Fixed assets" include land, buildings, leasehold improvements, furniture, fixtures, and equipment used in the conduct of the regular business of a credit union.

      (i)      "Member in good standing" means a member who:

            (1)      Owns at least one share in a credit union;

            (2)      Is current on all credit obligations to the credit union; and

            (3)      Has not caused the credit union a credit or deposit loss that is currently outstanding.

      (j)      "Officer" means any officer that a Maryland corporation is required or permitted to have under § 2-412 of the Corporations and Associations Article.

      (k)      "Official" means:

            (1)      A director;

            (2)      A member of a credit committee; or

            (3)      A member of a supervisory committee.

      (l)      "Out-of-state credit union" means:

            (1)      A federal credit union with its main office in a state other than this State; or

            (2)      A credit union chartered and primarily regulated by another state.

      (m)      "Share" or "share account" means a balance held by a credit union on which a dividend may be paid and which confers membership and voting rights on the member.