Board meetings, strategic plans, and buyer signals from David C. Borden’s organization
Aug 7, 2026·BoardMeeting
Board
Texas Credit Union Commission Meeting
The Commission discussed and voted on a motion to rescind a previous final order, opting instead to adopt a modified proposal for decision with updated findings of facts and conclusions of law regarding credit union applications. The meeting also included a Commissioner's report covering the department's financial performance, personnel updates, and accreditation progress. Additionally, the Commission reviewed the proposed operating plan and budget, focusing on strategic initiatives such as system modernization and capital improvements.
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The Commission acknowledged the contributions of a former member, received an internal audit report, and approved a resolution for internal auditing services procurement. Additionally, the rules committee presented and the Commission adopted several proposed amendments related to mergers, business and commercial loans, leasing, reporting, examinations, and enforcement penalties. The Commission also initiated discussions on proposed amendments regarding director eligibility and committee member fees.
Aug 6, 2026·BoardMeeting
Board
Texas Credit Union Commission Audit Committee Audit Committee Meeting
The committee reviewed the fiscal year 2026 internal audit report, which included a strong rating for the payroll audit. Discussions covered IT audit findings, specifically an open remediation item regarding the revocation of user access upon employee termination. The committee granted provisional approval for the Annual Internal Audit Report, pending updated state guidance, and discussed the process for procuring internal audit services for the upcoming term due to the expiration of the current contract.
Aug 6, 2026·BoardMeeting
Board
Texas Credit Union Commission Rules Committee Rules Committee Meeting
The Committee focused on various rulemaking matters, including the removal of a share and deposit account rule from the agenda for future consideration. Key actions included the approval of rule amendments concerning mergers and consolidations, member business and commercial loans, leasing requirements, and examination fees. The Committee also addressed updates to recordkeeping for new director applications, updated references to federal regulations, and clarified safe deposit box key reporting procedures. Finally, a group rule review for 7 TAC chapter 91 subchapters E and F was adopted.
Extracted from official board minutes, strategic plans, and video transcripts.
