Credit Union Department Newsletter, Number 05-15, May 2015 Page: Page1
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Credit Union Department
914 East Anderson Lane
Austin, Texas 78752
Phone: 512-837-9236
Fax: 512-832-0278
Email: info@cud.texas.gov
Web Site: www.cud.texas.gov
CUD is the state agency that
regulates and supervises credit
unions chartered by the State of
Texas. The Department is
professionally accredited by the
National Association of State Credit
Union Supervisors (NASCUS)
certifying that CUD maintains the
highest standards and practices in
state credit union supervision.
Our Mission is to safeguard the
public interest, protect the interests
of credit union members and
promote public confidence in credit
unions.
Credit Union Commission
The Commission is the policy making
body for CUD. The Commission is a
board of private citizens appointed
by and responsible to the Governor
of Texas.
Members:
Manuel Cavazos IV, Chair
Rob Kyker, Vice Chair
Gary D. Tuma
Gary L. Janacek
Sherri B. Merket
Allyson "Missy" Morrow
Kay Stewart
Vik Vad
A. John Yoggerst
Next Commission Meeting
Friday, June 19, 2015 beginning at
8:00 a.m. in the offices of CUD.News of Interest to Credit 'Unions Regufatedby tie Credit 'Union Department
No. 05-15 * $ * May 20, 2015
Hurricane Season Begins June 1
A pair of expert hurricane forecasters at Colorado State University
(CSU) recently released their prediction for the upcoming 2015
season, which runs from June 1 through November 30. Their annual
report notes that this year's hurricane season will be "well below
average." In fact, the pair predicts the upcoming season will be "one
of the least active seasons since the middle of the 20th century."
The CSU researchers have predicted that there will be seven named
storms during the Atlantic hurricane season. Three of those storms
are expected to become hurricanes and one will likely reach major
hurricane strength with sustained winds of more than 110 miles per
hour. That is well below the historical average annual prediction of
12 named storms, six hurricanes and two major hurricanes. When
hurricane season ended last year, there had been eight named
storms, six hurricanes and two major hurricanes.
Although this year's hurricane season is predicted to be below
average, the Department reminds credit unions that an "active"
season for them is not the number of hurricanes predicted, but the
one that makes landfall in or around the credit union's local service
area. Credit unions in the Houston and Port Arthur areas - survivors
of Hurricane Rita and Hurricane Ike - can attest to that.
Notice of Rules Committee Meeting
The Credit Union Commission will hold a Rules Committee meeting
on Thursday, June 18, 2015, at 2:00 p.m., in the Department
conference room. The draft agenda will be available on the CUD
website the week of June 1st for your convenience.. ,
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Texas. Credit Union Department. Credit Union Department Newsletter, Number 05-15, May 2015, periodical, May 20, 2015; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth653283/m1/1/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.