Texas Credit Union Department Holds Commission Meeting at State Capitol

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Commission Member Vik Vad Votes on Proposed Amendments to Texas Administrative Code

Due to construction at the offices of the Credit Union Department, the first meeting of the year, held on Friday, February 21st, was at the Texas State Capitol, in the Capitol Extension, at 9:00 a.m. The location of the previous day's Rules Committee meeting had also been relocated to the offices of the Texas Higher Education Coordinating Board. The changes did not disrupt the meeting agenda, and both meetings proceeded as planned.

On the agenda were several amendments to the Texas Administrative Code, which had been approved for publication at the previous Commission meeting, and were ready to be voted on to be adopted. All of these items passed with a unanimous vote of the Commission members, after discussion, consideration, and a report from the Chair of the Rules Committee. Among other items of new business, the Commission also decided to adopt proposed amendments to the Commission's Policy Manual, which included revising policies on designation of Vice Chair, Commission Member travel, ethical standards, use of technology, and the Commissioner's succession plan.

"It is our duty to safeguard the interests of the public, as well as the financial interests of credit union members," stated Vik Vad, one of the Credit Union Commission Members. "We continue to exercise the highest standards in regulatory oversight, while maintaining the philosophy of limited, efficient, and accountable government."

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Vik Vad

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