Md. Code, Financial Institutions § 7–201

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

(b) Unless the context requires otherwise, “credit union” has the meaning stated in § 6-101(d) of this article.

(c) “Credit union share guaranty corporation” means a corporation that is:

(1) Engaged in the business of providing primary share guaranty insurance for the share and deposit accounts of a credit union; and

(2) Regulated under this subtitle.

(d) “Participating credit union” means a credit union that has applied for and been admitted to participation in a credit union share guaranty corporation and whose participation has not terminated.