Texas Credit Unions Featured in NPR Segment

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This week, Texas credit union leaders spoke with Elizabeth Trovall, host of NPR’s Marketplace, to discuss banking conditions in Texas.

Kent Lugrand, CEO of InTouch Credit Union, highlighted the strain on consumers, saying that rising rents and insurance costs push more loans into delinquency. Despite challenges, Lugrand emphasized adapting to member needs through digital banking and community support. Under his leadership, ITCU has donated $150,000 to fight food insecurity, reflecting its commitment to financial resilience and social impact.

Jason Schneider of TDECU remains cautiously optimistic, hoping for clarity later this year. Rice University’s John Diamond warned that tightening credit could signal broader economic risks. As credit unions and banks balance caution and innovation, Texas’s financial sector faces a pivotal moment.

“We live in a 24/7 world,” said Lugrand. “Banking must evolve while keeping trust at the core.”

Listen to the episode.