Two of Houston's mid-size credit unions, First Service and Right Choice, are planning a merger set for completion by yearend creating a $304 million CU with 14 branches and 51,000 members, it was announced Wednesday.
Citing "extraordinary" costs in special cases, the Texas Credit Union Department wants to be reimbursed from the industry for certain examination expenses, it was disclosed last week.
A proposal by the Texas Credit Union Department to recover travel, time and transportation expenses from CUs involved in "unusual" exam cases ran into opposition from the Texas Credit Union League Thursday.
The Texas Credit Union Department wants to get reimbursed from the industry for expenses incurred for "unusual or extraordinary" examination cases, it disclosed Wednesday.
Sabine FCU of Orange, Texas today assumed the assets of Orange County Employees CU after the Texas Credit Union Department named the NCUA liquidating agent of Orange County Employees CU.
Two Houston credit unions, the $232 million PrimeWay FCU and the struggling $128 million TexasOne Community CU are planning a merger, it was disclosed this week.
Last week the score on deposit insurance coverage was even. One for the NCUA and one for American Share Insurance.
In a turnabout, the $481 million Velocity Credit Union of Austin, Texas has decided against switching coverage from the NCUA to a private carrier, American Share Insurance of Ohio.