Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
Sponsor: Carl Jackson (District 8)Committee: FinanceSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 507 (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.
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Testimony (5)
MGA witness listFAV 4FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |
| FAV | Burgoyne, Janelle | State Employees Credit Union of Maryland (SECU MD) | Oral |
| FAV | Murray, Rorylobbyist | Individual | Oral + Written (PDF) |
| FAV | Senator Jackson, C., Senator Jackson, C.legislator | Individual | Oral |
| UNF | Carrington, Darrell | Carrington & Associates, LLC | Written (PDF) |
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…