ANNAPOLIS, Md.–The MD|DC Credit Union Association hosted its annual State House Day in Annapolis, giving credit unions the opportunity to strengthen relationships with state leaders and lawmakers, and advocate for policies that support the 2.2 million Marylanders who rely on credit unions for affordable and accessible financial services.
Credit union leaders met with Maryland Comptroller Brooke Lierman, along with senior aides to Governor Wes Moore, to discuss issues affecting Maryland communities and the role credit unions play in supporting financial stability and economic growth across the state.
According to the MDDCCUA, Chief Administrative Officer Manny Welsh thanked credit unions for stepping up to support Marylanders during times of crisis, most recently last year’s federal government shutdown, which was the longest in U.S. history. Credit unions in the region provided more than $208 million in financial relief to 11,364 members, helping individuals and families navigate unexpected financial challenges.
Welsh, Deputy Chief Administrative Officer Walter Donoughe, and Deputy Legislative Officer Tony Bridges also shared the governor’s priorities, including proposals addressing affordable housing and advancing economic inclusion.
Comptroller Lierman noted the essential role of credit unions in supporting the financial well-being of Maryland businesses and communities, particularly as the state faces two significant economic headwinds: ongoing affordability challenges and the loss of federal funding along with 25,000 jobs over the past year. She expressed support for credit union efforts to expand financial education opportunities and appreciation for their continued partnership in serving Maryland communities, the MDDCCUA said.
An evening legislative reception brought together more than 80 credit union leaders, lawmakers, and regulators. Maryland Commissioner of Financial Regulation Tony Salazar offered brief remarks, thanking credit unions for their continued partnership and their support in helping establish the state’s Community Investment Venture Fund.
A photo gallery from the day can be viewed here.
