TITLE 7. BANKING AND SECURITIES
PART 6. CREDIT UNION DEPARTMENT
CHAPTER 91. CHARTERING, OPERATIONS, MERGERS, LIQUIDATIONS
SUBCHAPTER
G.
The Credit Union Commission adopts amendments to §91.709, Member Business and Commercial Loans, and §91.714, Leasing, without changes to the proposed text as published in the April 10, 2026, issue of the Texas Register (51 TexReg 2283) and as corrected in the April 24, 2026, issue (51 TexReg 2800), and the rules will not be republished.
The amendments, identified as a part of the Credit Union Department's quadrennial rule review process, delete a reference in subsection (b) of §91.714 to acquisition of property for the purpose of leasing it, already prohibited by §91.401, and make non-substantive changes to both rules, including clarifications to §91.709 regarding the concept of controlling interests in commercial loans and to §91.714 by adding a reference to §91.401 to ensure consistency between these sections that both address ownership and leasing of real property by a credit union.
The reasoned justification for the amendments is increased clarity, consistency, and readability of the rules.
No comments were received in response to the proposed amendments.
The amendments are adopted pursuant to Texas Finance Code, §15.402, which authorizes the Commission to adopt reasonable rules for administering Texas Finance Code, Title 2, Chapter 15 and Title 3, Subtitle D. Authority to adopt these amendments is found also in Texas Finance Code §123.103.
The statutory provisions affected by the amendments are contained in Texas Finance Code Chapter 15 and Title 3, Subtitle D, particularly Finance Code §123.103.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on August 7, 2026.
TRD-202603341
Robert Etheridge
Commissioner
Credit Union Department
Effective date: August 27, 2026
Proposal publication date: April 10, 2026
For further information, please call: (512) 837-9236
SUBCHAPTER
J.
The Credit Union Commission adopts amendments to 7 TAC §91.1003, Mergers and Consolidations, without changes to the proposed text as published in the April 10, 2026, issue of the Texas Register (51 TexReg 2284). The rule will not be republished. The amendments prohibit merger inducements and require merger-related financial arrangements (both as defined in the rule) to be disclosed to members before they vote on a merger. The amendments also revise certain requirements for approval by the Department, increase consistency between the Texas and federal requirements for mergers, and make non-substantive changes for clarity and readability.
The reasoned justification for these amendments is to ensure that the member vote on a merger takes place without undue influence and to increase transparency by ensuring that any merger-related financial arrangements are disclosed to the members before voting.
Two comments were received in response to the proposed amendments. Both comments, from the Cornerstone Credit Union League and First Service Credit Union, support adoption of the amendments as proposed.
The amendments are adopted pursuant to Texas Finance Code, §15.402, which authorizes the Commission to adopt reasonable rules for administering Texas Finance Code, Chapter 15 and Title 3, Subtitle D. Authority to adopt these amendments is found also in Texas Finance Code §122.1531 and 122.156.
The statutory provisions affected by the amendments are contained in Texas Finance Code Chapter 15 and Title 3, Subtitle D, particularly Finance Code §§122.005, and 122.151-.156.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on August 7, 2026.
TRD-202603330
Robert Etheridge
Commissioner
Credit Union Department
Effective date: August 27, 2026
Proposal publication date: April 10, 2026
For further information, please call: (512) 837-9236
CHAPTER 95. SHARE AND DEPOSITOR INSURANCE PROTECTION
SUBCHAPTER
A.
The Credit Union Commission adopts amendments to §§95.105, Reporting; 95.108, Examinations; and 95.110, Enforcement; Penalty; and Appeal, without changes to the text as proposed in the April 10, 2026, issue of the Texas Register (51 TexReg 2288), and the rules will not be republished.
The amendments, identified as a part of the Credit Union Department's quadrennial rule review process, make non-substantive changes to the Department's rules. The amendments to §§95.105, Reporting, and 95.110, Enforcement; Penalty; and Appeal, consist of updates to the titles of other sections referenced in the rules as well as minor edits for readability. The amendments to §95.108, Examinations, incorporate provisions from §95.109, Fees and Charges, relating to fees for examinations of insuring organizations, which is being repealed elsewhere in this issue.
The reasoned justification for the rules is increased clarity and readability of the rules.
No comments were received in response to the proposed amendments.
The amendments are adopted pursuant to Texas Finance Code, §15.402, which authorizes the Commission to adopt reasonable rules for administering Texas Finance Code, Title 2, Chapter 15 and Title 3, Subtitle D.
The statutory provisions affected by the amendments are contained in Texas Finance Code Chapter 15 and Title 3, Subtitle D, specifically §15.402.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on August 7, 2026.
TRD-202603344
Robert Etheridge
Commissioner
Credit Union Department
Effective date: August 27, 2026
Proposal publication date: April 10, 2026
For further information, please call: (512) 837-9236
7 TAC §95.109
The Credit Union Commission adopts the repeal of 7 TAC §95.109, Fees and Charges, as proposed in the April 10, 2026, issue of the Texas Register (51 TexReg 2289). The repeal will not be republished.
The repeal is adopted in order to combine the provisions of this section with §95.108, Examinations, being amended elsewhere in this issue so that provisions regarding examinations of insuring organizations and the fees associated with those examinations will be in a single rule.
The reasoned justification for the repeal is clarity through the consolidation of provisions related to examinations of insuring organizations.
No comments were received in response to the proposed repeal.
The repeal is adopted pursuant to Texas Finance Code §15.402, which authorizes the Commission to adopt reasonable rules for administering Texas Finance Code, Title 2, Chapter 15 and Title 3, Subtitle D.
The statutory provisions affected by the repeal are contained in Texas Finance Code Chapter 15 and Title 3, Subtitle D.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on August 7, 2026.
TRD-202603346
Robert Etheridge
Commissioner
Credit Union Department
Effective date: August 27, 2026
Proposal publication date: April 10, 2026
For further information, please call: (512) 837-9236
SUBCHAPTER
C.
The Credit Union Commission adopts amendments to §§95.302, Powers; 95.305, Audited Financial Statements; Accounting Procedures; Reports; and 95.310, Fees and Charges, without changes to the text as proposed in the April 10, 2026, issue of the Texas Register (51 TexReg 2290), and the rules will not be republished.
The amendments, identified as a part of the Credit Union Department's quadrennial rule review process, make non-substantive corrections to the titles of other rule sections referenced in the rules.
The reasoned justification for the amendments is accuracy of the rules.
No comments were received in response to the proposed amendments.
The amendments are adopted pursuant to Texas Finance Code §15.402, which authorizes the Commission to adopt reasonable rules for administering Texas Finance Code, Title 2, Chapter 15 and Title 3, Subtitle D.
The statutory provisions affected by the amendments are contained in Texas Finance Code Chapter 15 and Title 3, Subtitle D.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on August 7, 2026.
TRD-202603345
Robert Etheridge
Commissioner
Credit Union Department
Effective date: August 27, 2026
Proposal publication date: April 10, 2026
For further information, please call: (512) 837-9236