{"data":{"id":"us-md/md.-code-financial-institutions-7-103","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 7–103","heading":"","body":"The purposes of the Corporation are to:\n(1) Insure and guarantee the share and deposit accounts of member credit unions;\n(2) Improve and stimulate the ability of credit unions to provide low-cost consumer loans;\n(3) Promote the elasticity and flexibility of the resources of credit unions;\n(4) Make loans for liquidity purposes to credit unions;\n(5) Discount notes of credit unions;\n(6) Provide a State service of lending among credit unions;\n(7) Help rehabilitate and stabilize credit unions;\n(8) Help liquidate credit unions in an orderly manner when necessary;\n(9) Help strengthen and develop credit unions serving low-income individuals; and\n(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.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=7-103","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"97bb594471588f03a9614fc22d7297f618635e80c7d46e6aeca583f6b50988c6","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-7-102","next":"us-md/md.-code-financial-institutions-7-104"},"notice":"GroundRules: Original legal text. Not legal advice."}