Texas Credit Union Department:
An Inventory of Credit Union Department Inactive Charters at the Texas State Archives, 1929-1974
Legislation allowing for the organization and chartering of credit unions was passed in 1913 by the 33rd Legislature, Senate Bill 458. Major amendments regarding the incorporation and supervision of credit unions were passed in 1929 by the 41st Legislature, Senate Bill 185. Supervision and regulation of credit unions was assigned to the State Banking Board, later Banking Department. Charters were issued by the State Banking Commissioner. In 1949, the Credit Union Advisory Commission was created. Its duties were to advise the Banking Commissioner on improving conditions and services of credit unions. In 1969, the responsibilities concerning credit unions were transferred from the Banking Department to a newly created independent agency, the Credit Union Department. This Department assigns and cancels charters, supervises, and regulates all credit unions organized under the laws of Texas. It also has rulemaking authority and makes recommendations to the legislature for changes in the statutes.
The Department is governed by the Credit Union Commission, which superseded the Credit Union Advisory Commission. The Credit Union Commission is composed of nine (initially six) members appointed the Governor with the approval of the Senate for six year overlapping terms. A chair is elected annually by the members. The Commission's duties are to supervise, consult with, advise, and make recommendations to the Credit Union Commissioner; and to adopt rules for the regulation and classification of credit unions, and the determination of fees charged credit unions. The Commissioner is appointed by the Commission and serves as the administrator of the department. His duties are to decide on charter applications, issue charters, approve mergers, supervise procedures concerning complaints, serve liquidation orders, levy and collect fees and other charges paid by credit unions, and enforce rules and regulations. He also makes recommendations to the department for suggested statute changes; and appoints Credit Union Examiners who conduct annual examinations of all state-chartered credit unions.
Records document the regulation of credit unions by the Texas Credit Union Department. Records are charters of dissolved or otherwise inactive credit unions and include bylaws, applications for charters, charters, amendments to the charter, resolutions, certificates of approval and dissolution, agreements and resolutions to dissolve the credit union, correspondence, and statements listing the date the annual report was filed and when the fees were paid. Dates covered are 1929-1974. Missing charters belong to still active credit unions, whose files are available at the Credit Union Department, either on microfilm, or paper copy for recent records. Access is by charter number for both active and inactive credit unions. Name access is not currently available. The Credit Union Department can assist in a name search if the date the charter was issued is known.
To prepare this inventory, the described materials were cursorily reviewed to delineate series, to confirm the accuracy of contents lists, to provide an estimate of dates covered, and to determine record types.
Restrictions on Access
Restrictions on Use
Most records created by Texas state agencies are not copyrighted and may be freely used in any way. State records also include materials received by, not created by, state agencies. Copyright remains with the creator. The researcher is responsible for complying with U.S. Copyright Law (Title 17 U.S.C.).
(Identify the item), Credit Union Department inactive charters, Texas Credit Union Department. Archives and Information Services Division, Texas State Library and Archives Commission.
Accession number: 1989/046
These records were transferred to the Archives and Information Services Division of the Texas State Library and Archives Commission by the Texas Credit Union Department on December 6, 1988.
Laura K. Saegert, December 1988
Detailed Description of the Records