Texas
BENEFITS OF THE TEXAS STATE CHARTER (View/download PDF)
REGULATING AGENCY: Texas Credit Union Department
Texas State Capitol
- Michael Riepen, Commissioner
- Robert Etheridge, Deputy Commissioner
- Website: cud.texas.gov
ACCREDITED: 1996
LEAGUE: Cornerstone League
- Caroline Willard, President/CEO
- Website: cornerstoneleague.coop
PRIVATE SHARE INSURANCE: YES
2023 STATS
- Largest SCU: TEXAS DOW EMPLOYEES CU $4.75B in assets
- Largest FCU: RANDOLPH-BROOKS FCU $16.9B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 169 | 244 | 413 | 40.92% |
| Credit Union Members | 3.96M | 6.12M | 10.08M | 39.29% |
| Credit Union Assets | $57.49B | $92.83B | $150.32B | 38.25% |
FUN FACT
Texas has had six separate flags flying over it, including Spain, France, and Mexico. Additionally, Texas was an independent nation between 1836 to 1845
RECENT NEWS
Courtesy of Rajashree Chakravarty, BankingDive
May 5, 2023 — Requiring lenders to gather data on borrowers, including those from nonwhite-, LGBTQ+- and women-owned small businesses, would eliminate small lenders from the market, plaintiffs argued.
A Texas bank and the state’s trade group filed a lawsuit allenging the Consumer Financial Protection Bureau’s rule requiring lenders to gather and report small business loan demographic data, according to a court filing seen Wednesday by Bloomberg Law. Read more
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