Association Hosts Roundtable with Maryland Office of Financial Regulation

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.

(L to R) Teresa Louro, Assistant Commissioner, OFR; Michael J. Sprouse, Deputy Commissioner for Depository Activities, OFR; Tonia Niedzialkowski, CEO, Point Breeze Credit Union; John Hamilton, CEO, MECU Credit Union; Janelle Burgoyne, SVP, Chief Governance Officer & General Counsel, SECU; John Bratsakis, CEO, MD|DC CUA; Brian Vittek, CEO, Destinations Credit Union; Tony Salazar, MD Commissioner of Financial Regulation; Rory Murray, VP of Advocacy, MD|DC CUA

Commissioner Salazar shared insights into the state's soon-to-be-launched cybersecurity monitoring platform, SecurityScorecard. This innovative 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 will continue to engage and keep our members informed on any developments.

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