Welcome to the Credit Union Department
The Credit Union Department is the state agency responsible for overseeing state-chartered credit unions in Texas. The Department's mission is to supervise, regulate and examine Texas credit unions in order to safeguard the public interest, protect the financial interests of credit union members, and promote public confidence in the credit union industry.
New Assistant Commissioner/General Counsel
We are happy to announce that Shari Oualline Shivers has joined the Department's staff as Assistant Commissioner/General Counsel. Ms. Shivers is an accomplished attorney with over 20 years' experience in large law firms and state government positions, including Thompson & Knight; Graves, Dougherty, Hearon & Moody; the Texas Legislative Council; Texas House of Representatives; and the Texas Pension Review Board. She is married with two children and eagerly looks forward to working with financial institutions again. She graduated from The University of Texas School of Law with Honors, earning a Juris Doctorate degree.
Interested in beginning or advancing a career in credit union regulation? A variety of talents and skills are needed at the Credit Union Department. Explore the possibilities by clicking on the nearby “Employment” link.
Hurricane Season 2015 Advisory
Hurricane season 2015 has begun. The Credit Union Department has prepared recommendations for all credit unions with useful guidelines that can assist in preparation in case of an emergency. Recommendations can be found in this document.
Cease and Desist Order
The Credit Union Department has issued a Cease and Desist Order against firstname.lastname@example.org d/b/a "Southwest Credit Union" (855) 504-2220. This business was found to be acting in violation of Tex. Fin. Code Section 122.003(c) "A person who is not a credit union authorized to do business in this state under this subtitle or the Federal Credit Union Act ... may not do business under or use a name or title containing the words "credit union" or any derivation of that term ..." This order is now final and requires the Respondent to cease to do business in Texas in violation of Tex. Fin. Code Section 122.003(c).
Link to complete document.
- October 2015
Rules Committee Meeting
Thursday, October 15, 2015
Friday, October 16, 2015
- Rules Committee Meeting
- February 2016
Friday, February 19, 2016
- Commission Meeting
- June 2016
Friday, June 17, 2016
- Commission Meeting