Maryland Code, Financial Institutions § 9-1106

(1) Whether, after conversion, the credit union will be in sound financial condition and will be soundly managed; and

(2) That no person will receive any inequitable gain or advantage by reason of the conversion.

(1) The converting mutual association has met the requirements of Title 6 of this article;

(2) The converting mutual association will qualify for share insurance by the Credit Union Insurance Corporation or the National Credit Union Administration Share Program;

(3) The converting mutual association has credited to the reserve fund 6 percent of its risk assets; and

(4) The public interest will be promoted by allowing the mutual association to convert to a credit union.