§6–101.

    (a)    In this title the following words have the meanings indicated.

    (b)    “Board” means the board of directors of a credit union.

    (c)    (1)    “Branch” means a credit union office at which shares or deposits are received, share drafts or checks are paid, or money is lent.

        (2)    “Branch” includes a mobile branch or other special–purpose facility that performs a function of a branch.

        (3)    “Branch” does not include an automated teller machine as defined in § 1–401(d) of this article.

    (d)    “Credit union” means a cooperative, nonprofit financial institution organized under this title to conduct business in the State.

    (e)    “Credit union service organization” means an entity formed to engage in activities that:

        (1)    Are incidental to the conduct of the business of a credit union;

        (2)    Advance or facilitate the purposes of a credit union; and

        (3)    Primarily serve a credit union and its members.

    (f)    (1)    “Credit union share guaranty corporation” means a corporation engaged in the business of guaranteeing or insuring payment of a credit union share or deposit account.

        (2)    “Credit union share guaranty corporation” includes the Credit Union Insurance Corporation established under Title 7 of this article.

    (g)    “Deposit account” means a balance held by a credit union on which a contractual rate of interest may be paid as a debt owed by the credit union to the depositor.

    (h)    “Fixed assets” includes land, buildings, leasehold improvements, furniture, fixtures, and equipment used in the conduct of the regular business of a credit union.

    (i)    “Member in good standing” means a member who:

        (1)    Owns at least one share in a credit union;

        (2)    Is current on all credit obligations to the credit union; and

        (3)    Has not caused the credit union a credit or deposit loss that is currently outstanding.

    (j)    “Officer” means any officer that a Maryland corporation is required or permitted to have under § 2–412 of the Corporations and Associations Article.

    (k)    “Official” means:

        (1)    A director;

        (2)    A member of a credit committee; or

        (3)    A member of a supervisory committee.

    (l)    “Out–of–state credit union” means:

        (1)    A federal credit union with its main office in a state other than this State; or

        (2)    A credit union chartered and primarily regulated by another state.

    (m)    “Share” or “share account” means a balance held by a credit union on which a dividend may be paid and which confers membership and voting rights on the member.