Columbia, MD (June 20, 2025) |
Addressing over 400 attendees at the MD|DC Credit Union Association’s Annual Convention, Maryland Governor Wes Moore emphasized the key role credit unions play in strengthening communities, supporting families, and expanding access to economic opportunity. The Governor delivered remarks Tuesday at MGM National Harbor in Oxon Hill, Maryland.
“Our credit unions are invaluable partners in helping to address one of the single largest barriers to work, wages, and wealth in our state: And that is a lack of access to capital,” said Governor Wes Moore “Together, we’re accelerating innovations that make it easier for our small businesses to access the financing and services they need to thrive. That’s because we know the ones closest to the challenges will be the ones closest to the solutions.”
To help the state expand access to economic opportunity, the Association’s advocacy team collaborated with the Moore Administration in 2023 to develop the Governor’s Access to Banking Act. The initiative established the $2.5 million Maryland Community Investment Venture Fund which allows credit unions to partner with fintech companies to reach even broader and deeper into low- to moderate-income communities across Maryland.
Credit unions have also partnered with the state during challenges times. When Baltimore’s Key Bridge collapsed last year, credit unions across the region mobilized quickly in response to Governor Moore’s call for financial relief for those impacted. Within days, over 40 credit unions offered consumer loan and mortgage deferments, fee waivers, and other hardship programs.
“We appreciate the continued partnership with Governor Moore and his administration,” said John Bratsakis, President and CEO, MD|DC Credit Union Association. “Credit unions share his commitment to supporting long-term economic growth and opportunity by ensuring all Marylanders have access to affordable and responsible financial services. We look forward to continuing to collaborate to build a stronger financial future for all.”
