Texas Finance Code

Sec. § 15.410
Share and Depositor Insurance Protection


The commission shall adopt, and the commissioner shall enforce, reasonable rules requiring a credit union to provide share and deposit insurance protection for credit union members and depositors.


Rules adopted under this section must include authorization for and establishment of a share and deposit guaranty corporation or credit union under the department’s exclusive regulation to enable the department to carry out the purposes of this chapter and Subtitle D, Title 3.


A credit union may provide share and deposit insurance protection through another source approved by the department, including a program of the National Credit Union Administration.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Last accessed
Jun. 7, 2021