Definitions

As used in this subtitle, unless the context otherwise requires: (1) "Credit union" means a cooperative, nonprofit association, incorporated under this subtitle, for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, and providing an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic and social condition. (2) "Commissioner" means the commissioner of financial institutions.