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Texas bill to allow payment of wages by payroll card accounts
Monday, April 15, 2019 7:00 AM

HB 2240 by Rep. Jim Murphy (R-Houston) will allow private sector employers to pay wages through a payroll card account. Current Texas law requires employees to be paid in check or cash. Employees would not be required to accept a payroll card. They could opt out and receive an alternative form of payment.

Texas bill will study central filing system for agriculture liens
Monday, April 15, 2019 6:55 AM

SB 2037 by Sen. Bob Hall (R-Edgewood) would direct the Office of the Secretary of State to study the feasibility of creating a central filing system for agricultural liens. The system would allow lenders to file a statement of liens on farm products and allow buyers to determine whether farm products are subject to a lien.

Jimmy Taylor with Greater Texas CU retires
Monday, April 15, 2019 6:50 AM

Jimmy Taylor, director of Network Operations with Greater Texas Credit Union in Austin, Texas, retired April 12 after 17 years of service. 

Financial literacy bills advance in Texas Legislature
Monday, April 15, 2019 6:45 AM

Identical bills HB 1182 by Rep. Vikki Goodwin (D-Austin) and SB 686 by Sen. Carol Alvarado (D-Houston) would make a half-credit financial literacy course mandatory for graduation from high school. Financial literacy courses are available to students now as an elective.

Dominicans visit US in effort to rebuild the island’s credit unions
Monday, April 15, 2019 6:40 AM

Credit union executives from Dominica are in the U.S. to continue their work with World Council of Credit Unions in rebuilding a system devastated by Hurricane Maria in 2017. The Dominicans also are meeting with the Wisconsin Credit Union League and the Indiana Credit Union League for training and information exchanges during their visit.

Membership at US credit unions increased 4.4 percent year-over-year
Monday, April 15, 2019 6:35 AM

2018 was a great year for credit unions nationwide. On the back of a strong economy, with GDP up 2.8 percent over the year, and unemployment levels at record lows, credit unions strengthened member relationships and expanded their balance sheets. In the current climate, cooperatives are reporting notable gains in income and loan but are increasingly facing liquidity pressures.