Credit Union Department Newsletter, Number 04-20, April 2020 Page: 1
This periodical is part of the collection entitled: Texas State Publications and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
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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
The Credit Union Department (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:
Yusuf E. Farran, Chair
Sherri Brannon Merket, Vice Chair
Elizabeth L. "Liz" Bayless
Karyn C. Brownlee
Beckie Stockstill Cobb
Steven "Steve" Gilman
Jim Minge
David F. Shurtz
Kay Rankin-Swan
Next Commission Meeting
Friday, May 8, 2020 beginning at 9:00
a.m. in the offices of CUD..News of Interest to Credit 'Unions Regultated by the Credit 'Union'Department
iels etter
No. 04-20 * **$ ApriW15, 2020
Q&A Outlines New Sick-Leave for Smaller
Employeers
New federal sick leave requirements for businesses with less than
500 employees are outlined in a "question and answer" format
released by the Department of Labor. The Q&A was issued in
response to Families First Coronavirus Response Act (H.R. 6201),
enacted into law by President Donald Trump March 18, which
among other things provides paid sick leave, tax credits, and free
COVID-19 testing. The new law mandates that employers with fewer
than 500 workers must provide paid sick leave or expanded family
and medical leave to those workers. The Q&A provides details about
which employees to include (for example, the requirement does not
include workers who are independent contractors under the Fair
Labor Standards Act (FLSA)). The new requirements go into effect
April 1 and apply to leave taken between that date and Dec. 31.
The Department of Labor Q&A can be found here: Families First
Coronavirus Response Act: Questions and Answers
Sunset Advisory Commission Invites Public
Input on the Texas Credit Union Department
The Sunset Advisory Commission is reviewing the mission and
performance of the Texas Credit Union Department and welcomes
public comments on whether the agency is still needed and ideas to
improve its operations and services. The Texas Sunset Act requires
the Sunset Commission to periodically review the agency and
recommend whether to continue it and change state law to improve
its efficiency and effectiveness. The Legislature ultimately will decide
whether to continue the agency and adopt Sunset's other statutory
recommendations. The Sunset Commission also may adoptmanagement directives for the agency that do not require statutory
change.~AyrL (2020 JWSLT~( ~I( Page 1
.AprI2 202 0
NEWSCTiT R
P age 1
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Texas. Credit Union Department. Credit Union Department Newsletter, Number 04-20, April 2020, periodical, April 15, 2020; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1495310/m1/1/?q=%22Government+and+Law+-+State+Agencies%22: accessed July 9, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.