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.
Two Houston Credit Mergers Announced
May 19, 2014 – Houston, Texas – Two mergers among Houston credit unions were announced Monday, May 19, 2014. The $5.5 million, 1,330-member FMC Technologies Federal Credit Union has merged with the $2.2 billion, 186,840-member Texas Dow Employees Credit Union in Lake Jackson. And teh $6.9 million, 1,396-member Houston Chronicle Employees Federal Credit Union has consolidated with the $478 million, 25,696-member People’s Trust Federal Credit Union.
State of Texas Credit Union Department Releases Guidance on Investing to Fund and Employee Benefit Plan Obligation
October 14, 2013 – Austin, Texas – The state of Texas Credit Union Department has released guidance on investing to fund an employee benefit plan obligation. The purpose of the guidance is to outline the department’s position regarding a credit union’s decision to purchase life insurance policies and to set forth guidelines addressing the due diligence considerations that should be undertaken by a credit union and its board of directors when deciding to purchase this insurance.
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