Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
The purposes of the Corporation are to:
(1) Insure and guarantee the share and deposit accounts of member credit unions;
(2) Improve and stimulate the ability of credit unions to provide low-cost consumer loans;
(3) Promote the elasticity and flexibility of the resources of credit unions;
(4) Make loans for liquidity purposes to credit unions;
(5) Discount notes of credit unions;
(6) Provide a State service of lending among credit unions;
(7) Help rehabilitate and stabilize credit unions;
(8) Help liquidate credit unions in an orderly manner when necessary;
(9) Help strengthen and develop credit unions serving low-income individuals; and
(10) Cooperate with and assist credit unions, organizations of credit unions, the Commissioner, the National Credit Union Administration, and others in improving the general welfare of the people through credit unions.
Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 7-103 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-7-103/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)