{"data":{"id":"us-tx/tex.-finance-code-124.351","jurisdiction":"us-tx","citation":"Tex. Finance Code § 124.351","heading":"PERMITTED INVESTMENTS.","body":"(a) A credit union may invest money not used in loans to members in:\n(1) capital shares, obligations, participation certificates, or common or preferred stock of an agency, association, or company, subject to Section 124.352(a);\n(2) loans to a national or state credit union association or corporation of which the credit union is a member;\n(3) obligations, bonds, notes, or other evidences of indebtedness of a state or political subdivision of a state;\n(4) certificates of deposit or other accounts issued by a state or national bank, savings and loan association, savings association, or mutual savings bank;\n(5) securities, obligations, participations, or other instruments of or issued by the United States, or in a trust established for investing directly or collectively in those investments;\n(6) loans to, shares of, or deposits in another credit union, a central credit union, a corporate credit union, a central liquidity facility established under state or federal law, a trust, or an organization established for lending directly or collectively to credit unions;\n(7) securities, obligations, participations, or other instruments fully or partially guaranteed as to principal, interest, or both by the United States, or in a trust established for investing directly or collectively in those investments;\n(8) participation loans with another credit union, corporation, credit organization, or financial organization;\n(9) notes receivable, loans to members, or other assets of a credit union operating under this subtitle or the Federal Credit Union Act (12 U.S.C. Section 1751 et seq.); and\n(10) other investments authorized by rules adopted by the commission that satisfy Subsection (b).\n(b) A rule adopted under Subsection (a)(10) must be responsive to:\n(1) changes in economic conditions or competitive practices; and\n(2) the need for safety and soundness of credit union investments.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 124. LOANS AND INVESTMENTS","SUBCHAPTER H. INVESTMENT OF MONEY"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm#124.351","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"6b569f72fa3536948ced2dcfa1e7afd1e51c4f99786d716998d6ef1da5e9d511","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-124.302","next":"us-tx/tex.-finance-code-124.352"},"notice":"GroundRules: Original legal text. Not legal advice."}