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R E S O L U T I O N
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WHEREAS, Credit unions play an important role in communities |
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across the Lone Star State, and on May 18, 2011, the Texas Bay Area |
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Credit Union is celebrating 75 years of service; and |
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WHEREAS, Founded as the Houston Sinclair Refinery Employees' |
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Federal Credit Union in 1936, the institution had 864 members and |
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more than $28,000 in total shares by the end of its first year; |
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operating on the refinery premises in its early decades, the credit |
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union moved to a new location in Pasadena in the 1970s and |
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accumulated assets exceeded $14 million by 1980; TBACU adopted its |
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current name in the 1990s, and by the end of the 20th century, |
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membership had grown to more than 22,000 individuals served by 50 |
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employees; and |
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WHEREAS, Today, the Texas Bay Area Credit Union serves over |
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25,000 members and employs nearly 100 area residents; with a new |
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main office in Houston, the TBACU offers three branch locations in |
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that city and in Pasadena; the credit union supports higher |
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education by awarding scholarships to members and also was a |
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sponsor of the 2010 Wings Over Houston Airshow; and |
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WHEREAS, The Texas Bay Area Credit Union helps its members to |
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achieve financial security for themselves and their families, and |
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in so doing, it contributes immeasurably to the economic vitality |
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of the communities it serves; now, therefore, be it |
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RESOLVED, That the House of Representatives of the 82nd Texas |
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Legislature hereby commemorate the 75th anniversary of the founding |
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of the Texas Bay Area Credit Union and extend to its officers, |
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staff, and shareholders sincere best wishes for the institution's |
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continued success; and, be it further |
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RESOLVED, That an official copy of this resolution be |
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prepared for the credit union as an expression of high regard by the |
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Texas House of Representatives. |