Governor Rick Perry and Lt. Governor David Dewhurst both have recognized the value of the not for profit credit union tax exemption. Here is their address to credit union CEOs driving the point home.
Need help? For answers to questions on public policy issues, contact TCUL’s Vice President for Governmental Affairs Jeff Huffman (see directory at right).
What is the Credit Union Difference? Not-for-profit credit unions differ structurally from other financial institutions. Credit unions operate for the best interest of their membership.
Credit Union Regulation. Credit unions are either state or federally chartered. The federal charter is regulated by the National Credit Union Administration, state charters are regulated by the Texas Credit Union Department. In 2009 the Texas Credit Union Department was re-authorized by the Texas legislature under a sunset statute to continue to operate until 2021.
Other Key Issues. The Board of the Texas Credit Union League sets policy on key issues. They include protecting the not-for-profit tax exemption, keeping credit union regulatory agencies separate and independent from other financial institutions, and protecting our members from ID theft and fraud stemming from data security breaches at merchants by criminal hackers.
How do my constituents view credit unions? Credit unions are enormously popular with the public, especially with credit union members themselves. Bi-partisan polling with both Texas general election voters as well as Texas primary voters of either party validate this consistently over time.
Who We Are. For over 75 years the Texas Credit Union League has advocated in the legislative and regulatory arenas on issues affecting not-for-profit credit unions. Over 7.4 million Texans are members of over 500 credit unions, representing thousands of credit union members in about every Texas legislative jurisdiction. Using our Project Zip Code software, we can provide lawmakers with the number of credit union members and the credit unions that serve them in your district. We are proud that Capitol Inside newsletter has ranked us in their “Top 20 Most Powerful Texas Trade Associations” for several years running.
VP Government Relations