AUSTIN, Texas - Vought Heritage FCU, Grand Prairie has become the largest federal credit union in the state to receive approval from the Texas Credit Union Department to convert to a state charter. Texas Credit Union Commissioner Harold Feeney approved the $330 million, nearly 53,000 member credit union's application on Friday, Apr. 28. Vought Heritage's President/CEO Jim Gray said the credit union applied for the charter conversion late last year so it would have the ability to expand its field-of-membership in Tarrant and Dallas counties. Unlike California which has seen eight federal-to-state charter conversions so far this year, Vought's conversion is the tenth since 1996, the CU Department reports.
Texas CU Commission approves state's largest FCU-to-state charter conversion
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