CUMBERLAND, Md. – In a ruling that could have statewide impact, residents in area towns are being notified by local officials that credit unions can no longer accept their property tax payments. That’s after they discovered there was no provision for credit unions in the state statute allowing banks and S&Ls to collect tax payments. The Allegany County Finance Director asked for and received a legal opinion from the state treasurer on whether using credit unions is permissible and was told they are not. At least two credit union serve this rural area in far western Maryland, but bank branches are sparsely located. County officials said it will take an act by the Maryland legislature to change the law.
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