Happening in Texas: Unity One Credit Union Announces New CEO Scott Ward
Courtesy of Unity One Credit Union
February 1, 2022 — Today, Unity One Credit Union announced the promotion of Scott Ward to president and CEO of the credit union. Ward’s promotion was confirmed by the board of directors last week and follows the previous CEO’s retirement.
Ward has been with Unity One Credit Union for 34 years. In that time, he has held numerous positions including loan officer, branch manager, chief operations officer, and most recently, president. Ward has led the credit union through many changes during his tenure and is looking forward to utilizing that experience in his new position.
Ward, originally from Wisconsin, holds a degree in Economics from the University of Wisconsin. He began working for Unity One while the credit union’s headquarters were in St. Paul, Minnesota. Ward then transferred to Fort Worth as the credit union’s headquarters were relocated in the early 1990s.
“We are very fortunate and pleased to have someone with as much experience, capability and knowledge as Scott to be appointed to the CEO position at Unity One Credit Union,” said Vince Accardo, Chairman of the Board of Directors for Unity One. “Scott has been the Chief Operating Officer for the past 23 years and has done an outstanding job. In addition to a deep understanding of the operations of Unity One, he is very focused on the overall Credit Union membership experience. The Board of Directors at Unity One has tremendous confidence in Scott’s ability to lead Unity One in the years to come.”
November 29, 2021 – The National Association of State Credit Union Supervisors (NASCUS) is proud to announce the Texas Credit Union Department has earned Reaccreditation following a series of in-depth reviews and assessments by a panel of veteran state supervisors.
“Reaccreditation demonstrates the value we as examiners and an agency provide to the industry and its members. Our credit union examination department ensures compliance with our laws while following best practices to meet the highest national standards in our supervision of more than $54 billion in assets across 175 credit unions. I am proud of our team for receiving the NASCUS Reaccreditation.” commented John J. Kolhoff, Commissioner, Texas Credit Union Department.
NASCUS Accreditation is a robust process that includes disciplined self-evaluation, peer review, and ongoing monitoring. The process, administered by the NASCUS Performance Standards Committee (PSC), measures a state regulatory agency’s ability and resources to carry out its regulatory and supervisory programs effectively.
June 10, 2021 — On Friday, June 4, 2021, Texas Senate Bill 707 was signed into law by Texas Governor Greg Abbott, extending the Credit Union Department of Texas operations until 2033.
The Texas Sunset Advisory Commission recommended the 12-year extension, stating, “Texas-chartered credit unions have fared well under the state’s current regulatory framework; the Sunset Commission again found the existing organizational structure is the best option and transferring the department would have no benefit at this time.”
John J. Kolhoff, Commissioner of the Credit Union Department, for the state of Texas, commented, “I would like to express my gratitude for the independent review by the Sunset Advisory Commission, the incredible efforts of our staff, the leadership of the Credit Union Commission and the support of the industry.”
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.
Perez was able to pass three laws in 2019 through the House of Representatives after months of negotiations with merchants, law enforcement agencies, and financial institutions. HB 2945 related to payment card skimmers on motor fuel dispensers and to creating a payment fraud fusion center; imposing civil penalties; and creating criminal offenses. HB 2624 authorized prosecution and HB 2625 provided penalties to criminals.
Texas regulator earns reaccreditation
Aug. 10, 2016 — Texas is the latest state to earn reaccreditation by NASCUS, continuing the Lone Star State’s status that began in 1996, when the Texas Credit Union Department was first accredited. (press release) READ
Texas Trust Credit Union Gift to Help Vought Aircraft Heritage Foundation Transport Replica Plane
April 22, 2015 – Arlington, Texas – Texas Trust Credit Union has donated a truck to the Vought Aircraft Heritage Foundation that the group will use to transport a restored half-scale F4U Corsair, a plane that it exhibits for educational purposes.
NCUA Gives Preliminary Approval for Proposed Players Choice Federal Credit Union Field of Membership
May 22, 2014 – Houston, Texas –Players Choice Federal Credit Union has been given preliminary approval by the NCUA for field of membership (FOM). The multiple common bond of the credit union includes a number of organizations focused primarily on professional and amateur sports, according to W. Robert Hall, president of Hall Associate Consulting, LLC. The entities approved for the proposed credit union’s membership include both associations and businesses. It is anticipated that Players Choice FCU will be located in the Houston, Texas, area. Organizers of the credit union plan for it to offer electronic services allowing it to serve members throughout the country.
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