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

PRIVATE SHARE INSURANCE: YES


2023 STATS 
  • Largest SCU: TEXAS DOW EMPLOYEES CU $4.74B in assets
  • Largest FCU: RANDOLPH-BROOKS FCU $17.9B in assets
Third Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 168 241 409 41.08%
Credit Union Members 4.00M 6.18M 10.17M 39.28%
Credit Union Assets $57.57B $93.97B $151.54B 37.99%

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


STORY ARCHIVE

Click here to take a look at the stories that have been collected over the years in Texas.

What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!