Maryland and District of Columbia Credit Union Association Inc.

06/10/2025 | News release | Distributed by Public on 06/10/2025 06:42

Association & CUs Participate in Maryland’s First Access to Capital Community Symposium

The MD|DC Credit Union Association, along with leaders from state-chartered credit unions, joined Governor Wes Moore's inaugural Access to Capital Community Symposium held last week in Annapolis. The governor announced the launch of the Maryland Community Investment Venture Fund, a $2.5 million initiative established under the 2023 Access to Banking Act.

Leaders from SECU, MECU Credit Union, Point Breeze Credit Union and Har-co Credit Union participated in the event.

The fund is designed to support fintechs in developing and piloting products that enhance access to capital for small business owners in low- to moderate-income communities. It is backed by assessment credits from Maryland-chartered financial institutions and is administered by the Maryland Office of Financial Regulation (OFR).

The Association's President and CEO, John Bratsakis, serves on the fund's advisory board. Earlier this year, the Association hosted an Innovation Roundtable, bringing together credit union leaders, representatives from the OFR, and members of the Maryland State Innovation Team to explore solutions that improve financial inclusion across the state.

Maryland and District of Columbia Credit Union Association Inc. published this content on June 10, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 10, 2025 at 12:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io