Credit Union Department
Title 7, Part 6
The Texas Credit Union Commission will review and consider for re-adoption,
revision, or repeal Chapter 95, §95.100, Account Insurance; §95.200,
Appointment of Liquidating Agent; §95.300, Share and Deposit Guaranty
Credit Union; §95.301, Authority for a Guaranty Credit Union; §95.302,
Powers; §95.303, Subordination of Right, Title, or Interest; §95.304,
Accounting for Membership Investment Shares; §95.305, Audited Financial
Statements; Accounting Procedures; Reports; and §95.306, Requirements
of Member Credit Unions of Title 7, Part 6 of the Texas Administrative Code
in preparation for the Commission's Rule Review as required by §2001.039,
Government Code.
An assessment will be made by the Commission as to whether the reasons
for adopting or readopting these rules continue to exist. Each rule will be
reviewed to determine whether it is obsolete, whether the rule reflects current
legal and policy considerations, and whether the rule reflects current procedures
of the Credit Union Department.
Comments or questions regarding these rules may be submitted in writing
to, Credit Union Department, 914 East Anderson Lane, Austin, Texas 78752-1699,
or electronically to info@tcud.state.tx.us. The deadline for comments is August
31, 2006.
The Commission also invites your comments on how to make these rules easier
to understand. For example:
* Do the rules organize the material to suit your needs? If not, how could
the material be better organized?
* Do the rules clearly state the requirements? If not, how could the rule
be more clearly stated?
* Do the rules contain technical language or jargon that isn't clear? If
so, what language requires clarification?
* Would a different format (grouping and order of sections, use of headings,
paragraphing) make the rule easier to understand? If so, what changes to the
format would make the rule easier to understand?
* Would more (but shorter) sections be better in any of the rules? If so,
what sections should be changed?
Any proposed changes to these rules as a result of the rule review will
be published in the Proposed Rules section of the
Texas Register
. The proposed rules will be open for public comment
prior to final adoption by the Commission.
TRD-200603465
Harold E. Feeney
Commissioner
Credit Union Department
Filed: June 27, 2006