REGULATING AGENCY: Texas Credit Union Department
LEAGUE: Cornerstone League
STATS: (As of Dec 2020)
- TOTAL # SCUs: 176
- TOTAL # FCUs: 259
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 40% of 435 TX CUs
- TOTAL $ SCU ASSETS: $50,700,464,857
- TOTAL $ FCU ASSETS: $76,534,607,129
- TOTAL ASSETS: $127,235,071,986
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 40%
FUN FACT: The Flagship Hotel on Seawall Boulevard in Galveston is the only hotel in North America built entirely over the water.
Mar 25, 2021 — The first virtual Texas Governmental Affairs Conference was held March 22 and featured visiting Texas state representatives, a special roundtable discussion between the Texas Credit Union Department and National Credit Union Administration, a Q&A session, and a legislative update from Cornerstone League leaders. The event was hosted by Texas Credit Union Association and Executive Director Gili Carter.
Mary Ann PerezRep. Mary Ann Perez (D-Pasadena) discussed her bill, HB 2106, which she called a “clean-up bill” for those passed in 2019. HB 2106 relates to the prevention, identification, investigation, and enforcement of payment card fraud and provides a civil penalty. Card skimming is the use of electronic card devices used to steal credit card information from consumers and results in millions of dollars in losses for financial institutions.
Click on the title to read the full release.
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!