AUSTIN, Texas - The Texas Credit Union Commission had a tall order in front of it when it met July 21 to confer over a long list of new credit union rules and amendments to existing rules. The rules the commission planned to look into concerned a range of topics including operational powers and confidentiality of member records, to loan participation investments, and solicitation and acceptance of brokered deposits. The rules and amendments were also discussed by the commission at a public meeting in June. Among the items on the menu at that time were rules having to do with operational powers, director fees and expenses, bond and insurance requirements, share and deposit accounts, solicitation and acceptance of brokered deposits, confidentiality of member records, and the conversion of charter and share and deposit insurance requirements.
The commission is made up of nine members appointed by the governor with consent from the Senate.
