Prohibition Orders

Removal/Prohibition Orders are formal enforcement orders issued by the Department pursuant to Section 122.258 of the Texas Finance Code.  Generally, the Department issues Removal/Prohibition Orders when it finds that a current or former officer, director, manager, or employee of a credit union has violated a law, rule or regulation, or engaged in an unsafe or unsound practice that may cause irreparable harm to the public or Credit Union or its depositors, creditors, or members.  To enhance effective enforcement of these orders, the Department may release information regarding the existence of a final order to the Public. The Department has taken enforcement actions against the individuals listed below. 

Prohibitions Issued Against the Following:

 Kenneth Edward Baker  08/29/2013  13-042-13
 Royce Elmer Stockton  08/29/2013  13-043-13
 Douglas Ratcliff  02/11/2015 15-016-CUD
 James T. Dutchover  09/05/2019 19-058-CUD 

Cease and Desist Order  d/b/a “Southwest Credit Union” southwest credit union cease and desist order

Events Calendar
  • 9:00 am, November 1, 2019 – Commission Meeting