<p>AUSTIN, Texas – In a recent edition of its newsletter, the Texas Credit Union Department reminded state chartered credit unions that they are required to notify the Department in writing prior to establishing an additional office or service facility. A credit union also must provide the Department with written notification of the date any new office or service facility becomes operational. Although this statutory requirement has been effective for many years, the Department reports that a number of credit unions apparently have failed to submit the required notifications. In an effort to update its database, the Department has requested that state chartered credit unions complete and return a "Report of Additional Offices and Service Facilities" by July 1. Credit unions with no locations other than their principal place of business should return the form indicating that the additional location section is "not applicable" to the credit union.</p>

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.