The Texas Credit Union League said credit unions in the Lone Star State remain healthy despite the recent conservatorship of the $1.6 billion Texans Credit Union.
"The conservatorship of Texans CU is not a cause for concern, as federal law and NCUA practices are in place to protect members," TCUL President/CEO Dick Ensweiler said in a statement.
Following the lead of the NCUA's assurance that member funds are not at risk, Ensweiler reiterated that members of the Richardson-based credit union "can rest assured that their funds are secure."
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