BILL ANALYSIS


                                                        H.B. 2527
                                           By: Marchant (Shapiro)
                                             Economic Development
                                                          5-22-95
                              Senate Committee Report (Unamended)
BACKGROUND

Currently, there are no provisions in the Texas Credit Union Act
addressing the potential entry by credit unions of other nations
into Texas as a result of NAFTA.

PURPOSE

As proposed, H.B. 2527 provides for the regulation of foreign
credit unions.

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not grant any
additional rulemaking authority to a state officer, institution, or
agency.

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 1.02, Article 2461-1.02, V.T.C.S. (Texas
Credit Union Act), by adding Subdivision (6), to define "foreign
credit union."

SECTION 2. Amends Section 2.11, Article 2461-2.11, V.T.C.S., as
follows:

     Sec. 2.11. New heading: FOREIGN CREDIT UNIONS. Authorizes a
     foreign credit union, rather than a credit union organized
     under the laws of another state, to do business in this state
     if it is organized in a state or county that allows credit
     unions organized under this Act to do business in that state
     or country. Makes conforming changes.
     
     SECTION 3.     Emergency clause.
           Effective date: upon passage.