DALLAS — Calling credit union "hostile" takeovers "a serious and imminent threat," the Texas Credit Union League's board has vowed to do all it can to support the targeted credit union.
The board has unanimously adopted a resolution outlining its position on hostile takeover actions of their member credit unions. It states that any hostile takeover attempt is "'a serious and imminent threat' warranting 'strong countermeasures' on the League's part. Those actions included 'vigorously defending' credit unions and their charters, and 'strongly' admonishing the actions by supporting credit unions to the fullest extent possible."
"The role of the Texas Credit Union League is to protect and advance the cooperative structure of the Texas credit union movement," said Dick Ensweiler, the league's president/CEO. "We believe that any hostile takeover attempt of a credit union poses a serious and imminent threat to our future."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
