Adopted by the - Home - Credit Union Department
RULES FOR CREDIT UNIONS
adopted by the
CREDIT UNION COMMISSION
Yusuf E. Farran -- Chair El Paso, Texas
Sherri Brannon Merket ? Vice Chair Midland, Texas
Karyn C. Brownlee -- Member Coppell, Texas
Steven "Steve" Gilman -- Member Katy, Texas
David F. Shurtz ? Member Hudson Oaks, Texas
Elizabeth "Liz" Bayless -- Member Austin, Texas
Beckie Stockstill Cobb -- Member Deer Park, Texas
Jim Minge -- Member Arlington, Texas
Kay Rankin-Swan -- Member Monahans, Texas
As Amended by Change 59
Effective March 2021
DISCLAIMER
Please be advised that although we strive to present totally accurate information and offer this material to assist you, you are solely responsible for any use of it that you might make.
The official version of the Texas Administrative Code - Title 7, Part 6 may be accessed at the following link: Office of the Texas Secretary of State
Series 91.100
91.200
91.300 91.400
Rule No.
91.101 91.103 91.104
91.105 91.110 91.115 91.120
91.121 91.125
91.201 91.202 91.203 91.205 91.206
91.208
91.209 91.210
91.301 91.302
91.310 91.315
91.401 91.402 91.403
91.404
91.405 91.406 91.407 91.408
Topic
A. GENERAL RULES
Definitions and Interpretations Public Notice of Department Decisions Public Notice and Comment on Certain Applications Acceptance of Other Application Forms Protest Procedures for Applications Safety at Unmanned Teller Machines Posting of Notice Regarding Certain Loan Agreements Complaint Notices and Procedures Accuracy of Advertising
B. ORGANIZATION PROCEDURES
Incorporation Procedures Bylaw and Articles of Incorporation Amendments Share and Deposit Insurance Requirements Use of Credit Union Name Underserved Area Credit Unions ? Secondary Capital Accounts Notice of Known or Suspected Criminal Violations Call Reports and Other Information Requests Foreign Credit Unions
C. MEMBERS
Field of Membership Election or Other Membership Vote by Electronic Balloting, Early Voting, Absentee Voting, or Mail Balloting Annual Report to Membership Members' Access to Credit Union Documents
D. POWERS OF CREDIT UNIONS
Credit Union Ownership of Property Insurance for Members Debt Cancellation Products; Federal Parity; Adoption by Reference Purchasing Assets and Assuming Deposits and Liabilities of another Financial Institution Records Retention and Preservation Credit Union Service Contracts Electronic Notification User Fee for Shared Electronic Terminal
Page
2 6
7 7 7 8
9 9 12
13 14 14 15
16
17 17 18
20
22 23 24
24 25
26
28 28 30 30 30
Series 91.500
91.600 91.700
Rule No.
91.501 91.502
91.503 91.510 91.515 91.516
91.601 91.602
91.608 91.610
91.701 91.703 91.704 91.705 91.706 91.707 91.708 91.709 91.710 91.711 91.712 91.713 91.714 91.715
91.716 91.717 91.718 91.719
91.720
Topic
E. DIRECTION OF AFFAIRS
Director Eligibility and Disqualification Director/Committee Member Fees, Insurance, Reimbursable Expenses, and Other Authorized Expenditures Change in Credit Union President Bond and Insurance Requirements Financial Reporting Audits and Verifications
F. ACCOUNTS AND SERVICES
Share and Deposit Accounts Solicitation and Acceptance of Brokered Deposits Confidentiality of Member Records Safe Deposit Box Facilities
G. LENDING POWERS
Lending Powers Interest Rates Real Estate Lending Home Improvement Loans Home Equity Loans Reverse Mortgages Real Estate Appraisals or Evaluations Member Business Loans and Commercial Loans Overdraft Protection Purchase and Sale of Member Loans Plastic Cards Indirect Lending Leasing Exceptions to the General Lending Policies Prohibited Fees More Stringent Restrictions Charging Off or Setting Up Reserves Loans to Officials and Senior Management Employees Small-Dollar, Short-Term Credit
Page
31
32 34 34 35 35
36
37 37 38
42 43 43 46 46 47 47 48 57 57 59 60 60
62 63 63 63
64 65
Series 91.800 91.900 91.1000
91.2000
91.3000
Rule No.
91.801 91.802 91.803 91.804 91.805 91.808
91.901 91.902
91.1003 91.1005 91.1006 91.1007 91.1008 91.1010
91.2000 91.2001 91.2002 91.2003 91.2004 91.2005 91.2006
91.3001 91.3002
Topic
H. INVESTMENTS
Investments in Credit Union Service Organizations Other Investments Investment Limits and Prohibitions Custody and Safekeeping Loan Participation Investments Reporting Investment Activities to the Board of Directors
I. RESERVES AND DIVIDENDS
Reserve Requirements Dividends
J. CHANGES IN CORPORATE STATUS
Mergers/Consolidations Conversion to a Texas Credit Union Conversions to a Federal or Out-of-State Credit Unions Conversion to a Mutual Savings Institution Conversion Voting Procedures and Restrictions; Filing Requirements Voluntary Liquidation
K. CREDIT UNION DEVELOPMENT DISTRICTS
Purpose and Scope Definitions Application Requirements to Establish a District Submission and Processing of Application Criteria for Approval of a District by the Commission Monitoring Rulemaking and Amendment for this Subchapter
L. SUBMISSION OF COMMENTS BY INTERESTED PARTIES
Opportunity to Submit Comments on
Certain Applications
Conduct of Meetings to Receive Comments
Page
66 69 75 77 78 79
80 82
82 85 86 86 88 89
93 93 93 94 95 95 95
95 96
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