Texas

REGULATING AGENCY: Texas Credit Union Department

Texas State Capitol

ACCREDITED: 1996

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.


RECENT NEWS

First Virtual Texas GAC Provides In-Depth Look at CU Priorities

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.

Card Skimmers
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.


STORY ARCHIVE:
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