Texas Credit Union Department:
An Inventory of Credit Union Commission Minutes and Agenda at the Texas State Archives, 1987-1997
Legislation allowing for the organization and chartering of rural credit unions in Texas was passed in 1913 (Senate Bill 458, 33rd Texas Legislature). Supervision and regulation of credit unions was assigned to the State Banking Board, and charters were issued by the State Banking Commissioner.
In 1949 (House Bill 593, 51st Texas Legislature), the five-member Credit Union Advisory Commission was created. Its duties were to advise the Banking Commissioner on improving conditions and services of credit unions. Its members were appointed by the governor from a list supplied by Texas credit unions, and served three-year terms.
In 1969 (Senate Bill 317, 61st Texas Legislature), the responsibilities concerning credit unions were transferred from the Banking Department to a newly created independent agency, the Texas 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 The Department is governed by the Texas Credit Union Commission, which superseded the Credit Union Advisory Commission. The Texas Credit Union Commission was initially composed of six members appointed by the Governor of Texas with the approval of the Texas Senate for six year overlapping terms. A chair is elected annually by the members.
In 1981 (House Bill 1399, 67th Texas Legislature) the number of commissioners was increased to nine (six representing the credit union industry, and three representing the general public), and its powers shifted from advisory to supervisory. In 1999 (Senate Bill 1368, 76th Texas Legislature) the number of industry members decreased from six to four, and the number of public members increased from three to five. Currently four of the members represent the credit union industry, as directors, officers, or committee members of different Texas credit unions, with at least five years of active experience. Five of the members represent the public, and must have no affiliation whatsoever (except as members or customers) with financial institutions (banks, credit unions, or savings and loan associations).
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.
As of June 2005, the Department supervised and regulated 231 active state-chartered credit unions and the Texas branch offices of 23 out-of-state credit unions.
(Sources include the following: the enabling legislation (1913, 1949, 1969, 1981, and 1999); the Guide to Texas State Agencies, 11th edition (2001); the article "Credit Union Department" by John G. Johnson in the Online Handbook of Texas; and the agency's website at http://www.tcud.state.tx.us/.)
The Texas Credit Union Commission was created to supervise, consult with, advise, and make recommendations to the Texas Credit Union Commissioner; and to adopt rules for the regulation and classification of credit unions, and the determination of fees charged credit unions. These functions are represented in the minutes and agenda of the commission. Minutes are created to document in a thorough but summary fashion the official actions of the commission in its meetings. Agenda inform the public as to what will be discussed and/or decided at each commission meeting. The records include minutes and occasionally agenda (sometimes contained within the Credit Union Department newsletter) of the Texas Credit Union Commission, dating 1987-1997. Typical minutes include proposals and adoptions of rules, discussions and decisions on pending legislation, appropriations requests, and committee reports. The committees include the following: Rules Review Committee, Investments Committee, Special Investigation Committee, Credit Union Assistance Committee, Commissioner Evaluation Committee, Legislative Advisory Committee, Field of Membership Guidelines Committee, Director Qualifications Committee, Texas Share Guaranty Credit Union Oversight Committee, and Indirect Financing Task Force Advisory Committee. The rules adopted by the commission concern the chartering, operations, mergers, and liquidations of Texas credit unions; administrative proceedings (including appeals of the Credit Union Commissioner's decisions to the commission); share and depositor insurance protection; and commission policies, including fees charged to credit unions.
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), Texas Credit Union Commission minutes and agenda. Archives and Information Services Division, Texas State Library and Archives Commission.
Accession numbers: 1998/237, 2004/202
These records were transferred to the Archives and Information Services Division of the Texas State Library and Archives Commission by the Texas Legislative Reference Library on August 10, 1998; and July 15, 2004.
Tony Black, August 2005
The Texas Credit Union Commission periodically mounts its recent minutes (http://www.tcud.state.tx.us/about/minutes.html) and agenda (http://www.tcud.state.tx.us/about/commission.html) on the agency web site. As of September 2005, this includes minutes from Commission and committee meetings dating November 2002-June 2005; and agenda of Commission and committee meetings (in pdf format) dating January-September 2005.
The record copies of minutes and agenda are maintained by the Texas Credit Union Commission.
Detailed Description of the Records