CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » CU grassroots efforts successful at Texas legislature
CU System

CU grassroots efforts successful at Texas legislature

June 3, 2015

FARMERS BRANCH, Texas (6/3/15)--The Texas Credit Union Association (TCUA) netted a number of wins during the state’s biennial legislative session, not only by passing bills that will benefit credit unions, but also by defeating those that may have hampered them.

Credit unions first pressed House representatives to reject two separate proposals that would have moved forward the Sunset review date for the Texas Credit Union Department by several years.

Representatives also heard from their credit union constituents about including a credit union exemption in a law that made changes to account opening procedures. The changes would have carried great costs for credit unions in the form of reprogramming, reprinting forms, and additional disclosure documents for each account (Leaguer).

Credit unions also successfully opposed a bill that would have eased notice requirements for vehicle storage facilities to owners and lienholders, in addition to a bill that would have shifted credit union governance to the Government Code from the Finance Code.

“We could not have succeeded without the tremendous grassroots support of Texas credit unions,” said Cornerstone Credit Union League President/CEO Dick Ensweiler.

Additionally, credit unions worked to support bills to create credit union and bank development districts, which will help establish financial institution branches in underserved areas. TCUA worked alongside author Rep. Eric Johnson (D-Dallas) to ensure credit unions were included in the bills.

Several credit union-supported bills related to data security were proposed, but did not pass. Though the league said that, with their proposal, they still advanced the discussion about data security and the need for merchants to adequately protect consumer data.

Credit Union Magazine - Winter 2019

Winter 2019

Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.
App •  Digital Edition •  Subscribe

Trending

  • CFPB proposes to raise remittance threshold to 500 transfers

  • PODCAST: Bettering people’s lives

  • Compliance: Recapping the 2019 BSA Conference

Tweets by CUNA_News

Polls

What's the pace of staff turnover at your CU?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors