TX BANK CU Political Subdivisions

Published on: Apr 9, 2025

On Apr. 4, TX BANK proposed amending credit union definitions.

  • TX INS proposed adding political subdivision as definition in TX FIN 7-6-91-A-91.101.
  • Proposed Amendments
  • Defines the term political subdivision and subsequently changes the definition of unifying characteristics to include a political subdivision instead of political jurisdiction.
  • The amendments include renumbering definitions to reflect the additional definition.
  • Consultation
  • Comments on proposed rule change are due on or before 5:00 pm on May 5, 2025.
Regulators
TX BANK
Entity Types
Bank; CU; Thrift
Reference
TX SR Vol. 50 No. 14 p. 2293, 4/4/2025; Citation: TX FIN 7-6-91-A-91.101;
Functions
Financial; Legal; Operations
Countries
United States of America
Category
State
N/A
Products
Banking
Rule Type
Proposed
Regions
Am
Rule Date
Apr 4, 2025
Effective Date
May 5, 2025
Rule ID
249768
Linked to
N/A
Reg. Last Update
Apr 4, 2025
Report Section
US Banking