Texas Credit Unions laws & compensation compliance analysis

Texas Credit Unions: What you need to know

A credit union is a member-owned financial institution organized to encourage savings and to provide loans with competitively low interest rates to members. In Texas, as elsewhere, credit unions have evolved into sophisticated financial institutions offering a variety of services to members.
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Texas law contains many detailed and complex requirements for the formation and administration of credit unions (TX Stat. Art. 2461). Because of the complexity of these laws, an organization seeking to set up a credit union needs expert assistance. It is often easier to join an existing credit union rather than start a new one. Advice and assistance are available from:
Texas Credit Union Department
914 East Anderson Lane
Austin, TX 78752-1699
info@tcud.state.tx.us (e-mail)
The Texas Credit Union League
4455 LBJ Freeway
Farmers Branch, TX 75244
800-442-5762 ext. 8515 (regulatory advice)

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Texas Credit Unions Resources

Type Title
White Papers Credit Union Memberships Can Save Employees Money
See all Credit Unions Resources