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News Now

CU System
Texas governor gets insight from CU leaders
AUSTIN, Texas (11/4/08)--Texas Gov. Rick Perry met Friday with industry leaders, including Ayn Talley, Texas Credit Union League Chair and CEO of Houston Police FCU, and Dick Ensweiler, league CEO/president.
Texas Gov. Rick Perry (left), consults on current economic situation with industry leaders including, from left, Ayn Talley, CEO of Houston Police FCU and chair of the Texas Credit Union League (TCUL); Buddy Gill, TCUL chief advocacy officer; and Dick Ensweiler, TCUL CEO/president. (Photo provided by the Texas Credit Union League)
The meeting was called by the governor to discuss the national economic situation’s impact on Texas industries. Also present at the meeting were representatives from the Independent Bankers Association of Texas, Texas Association of Business, Texas Association of Manufacturers, Texas Association of Realtors, and the Texas Bankers Association. “Credit unions are doing well in Texas,” Ensweiler said. “We have seen an increase in deposits as people come to us as safe havens for their money. Fortunately we have over 10% in reserves, and can take in the deposits. We are making loans and are open for business.” Talley, whose credit union sustained substantial damage during Hurricane Ike, thanked the governor for his leadership during the storm. “Credit unions along the gulf coast are doubly challenged by both the economic storm and the damages wrought by Hurricane Ike,” noted Talley. “Some of us are operating inside temporary buildings, which can make it difficult to alleviate fears about the overall marketplace, yet we are seeing an increase in deposits.” Texas is ranked as the No. 1 state economy in the nation and generated nearly half of all jobs created in the nation from August 2007 to August 2008, according to the Financial Times. “Our state's disciplined, principled policies of limited growth in spending, low taxes and reasonable regulatory climate is fostering an environment that is encouraging job creation," said Gov. Perry. Perry plans to continue working and meeting with the public and private sectors to identify opportunities to maintain and enhance the state's economic edge, the league said. “As the industry representatives of seven million members of credit unions in Texas, we were glad to be consulted at the governor's meeting,” Ensweiler said. “He recognizes that our industry is not part of the problem in the financial markets, but can be part of how the country bounces back. We look forward to continuing to be a hard working partner in the future of the state.”


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