This section provides definitions relevant to credit unions in Texas, including the roles of the board and the nature of credit unions. It establishes the framework for understanding the operations and purposes of credit unions in the state.
Defines 'Board' as the credit union's board of directors.
Describes credit unions as nonprofit financial institutions.
Outlines credit unions' goals of thrift, credit access, and member services.
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In simple terms: Learn about Texas's DEFINITIONS. In this subtitle: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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