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

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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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