(a) In this subtitle the following words have the meanings indicated.
(b) Unless the context requires otherwise, “credit union” has the meaning stated in § 6-101(d) of this article.
(c) “Credit union share guaranty corporation” means a corporation that is:
(1) Engaged in the business of providing primary share guaranty insurance for the share and deposit accounts of a credit union; and
(2) Regulated under this subtitle.
(d) “Participating credit union” means a credit union that has applied for and been admitted to participation in a credit union share guaranty corporation and whose participation has not terminated.