The MD|DC Credit Union Association convened a roundtable with Maryland Commissioner of Financial Regulation Tony Salazar and his team to discuss pressing topics impacting credit unions.

Commissioner Salazar shared insights into the state’s soon-to-be-launched cybersecurity monitoring platform, SecurityScorecard. The tool evaluates state-regulated credit unions and community banks across ten key factors to identify and mitigate potential risks.

The discussion also addressed the application of the parity law by state-chartered credit unions and the implementation of the Access to Banking Act. The Act calls for the establishment of a community investment venture fund, with MD|DC Credit Union Association President/CEO John Bratsakis serving as a member of its advisory board.

“We appreciate Commissioner Salazar’s ongoing engagement with credit unions,” said MD|DC Credit Union Association President/CEO John Bratsakis. “We look forward to continuing to work together to prioritize the financial well-being of consumers and communities, including the 2.1 million Marylanders who place their trust in credit unions to safeguard their hard-earned money.”

As the Office of Financial Regulation’s 2025 legislative agenda takes shape the Association will continue to engage and keep members informed on any developments.