By West H.R. No. 173
76R5904 GMW-D
R E S O L U T I O N
1-1 WHEREAS, The year 1999 marks the 50th anniversary of
1-2 Southwest Heritage Credit Union, and this is a noteworthy milestone
1-3 truly worthy of special recognition; and
1-4 WHEREAS, Established in 1949 as Stanolind Odessa Federal
1-5 Credit Union, this esteemed institution initially offered shares
1-6 and loans to its 35 charter members; in 1957, it changed its name
1-7 to Pan American Federal Credit Union, and a decade later switched
1-8 from a federal charter to a state charter; and
1-9 WHEREAS, In 1971, it became Amoco Credit Union and, in
1-10 addition to now issuing Mastercard and Visa credit cards, expanded
1-11 its membership base to include 63 companies; further advancements
1-12 included introducing share draft checking accounts in 1981 and a
1-13 24-hour teller in 1996; and
1-14 WHEREAS, The institution changed to its current designation
1-15 of Southwest Heritage Credit Union in 1996, and in the ensuing two
1-16 years the union has introduced the Visa check card, developed
1-17 risk-based lending, and installed the necessary hardware and
1-18 software to become year 2000 compliant; and
1-19 WHEREAS, Throughout the years, this distinguished financial
1-20 establishment has continued to adapt to ever-changing market trends
1-21 to meet the needs of its loyal members, and in recognition of a
1-22 half century of providing a reliable service, it is indeed fitting
1-23 to honor Southwest Heritage Credit Union at this time; now,
1-24 therefore, be it
2-1 RESOLVED, That the House of Representatives of the 76th Texas
2-2 Legislature hereby congratulate Southwest Heritage Credit Union on
2-3 its 50th anniversary and extend to all those associated with this
2-4 estimable institution sincere best wishes for continued success in
2-5 the years to come; and, be it further
2-6 RESOLVED, That an official copy of this resolution be
2-7 prepared for the Southwest Heritage Credit Union as an expression
2-8 of high regard by the Texas House of Representatives.