Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
Sponsor: Brian M. Crosby (District 29B)Committee: Economic MattersSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 506 (as of Sep 4, 2026)
What this bill does
Official synopsis
Authorizing a majority of the board of a surviving credit union to approve a proposed merger without the affirmative vote of a majority of the members of the surviving credit union, subject to certain requirements.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (7)
MGA witness listFAV 5FavorableUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bratsakis, John | MD|DC Credit Union Association | Oral |
| FAV | Crosby, Brian | Office of Delegate Brian Crosby | Written (PDF) |
| FAV | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |
| FAV | Delegate Crosby, Delegate Crosbylegislator | Individual | Oral |
| FAV | Murray, Rorylobbyist | Individual | Oral + Written (PDF) |
| UNF | Davis, Stacey | Individual | Position only |
| INFO | Harris, Mrs | District 25 Constituent | Position only |
Organizations on record
Registered lobbyists who testified
FAVMurray, RoryRegistered for: Alliance to Prevent Legionnaire's Disease; American Council of Engineering Companies/MD; Association of Independent Maryland and D.C. Schools; Chesapeake Watershed Restoration Professionals; Kaiser Permanente; Lightstar Renewables…