H.R. No. 785
R E S O L U T I O N
WHEREAS, Credit unions play an important role in communities
across the Lone Star State, and on May 18, 2011, the Texas Bay Area
Credit Union is celebrating 75 years of service; and
WHEREAS, Founded as the Houston Sinclair Refinery Employees'
Federal Credit Union in 1936, the institution had 864 members and
more than $28,000 in total shares by the end of its first year;
operating on the refinery premises in its early decades, the credit
union moved to a new location in Pasadena in the 1970s and
accumulated assets exceeded $14 million by 1980; TBACU adopted its
current name in the 1990s, and by the end of the 20th century,
membership had grown to more than 22,000 individuals served by 50
employees; and
WHEREAS, Today, the Texas Bay Area Credit Union serves over
25,000 members and employs nearly 100 area residents; with a new
main office in Houston, the TBACU offers three branch locations in
that city and in Pasadena; the credit union supports higher
education by awarding scholarships to members and also was a
sponsor of the 2010 Wings Over Houston Airshow; and
WHEREAS, The Texas Bay Area Credit Union helps its members to
achieve financial security for themselves and their families, and
in so doing, it contributes immeasurably to the economic vitality
of the communities it serves; now, therefore, be it
RESOLVED, That the House of Representatives of the 82nd Texas
Legislature hereby commemorate the 75th anniversary of the founding
of the Texas Bay Area Credit Union and extend to its officers,
staff, and shareholders sincere best wishes for the institution's
continued success; and, be it further
RESOLVED, That an official copy of this resolution be
prepared for the credit union as an expression of high regard by the
Texas House of Representatives.
Legler
______________________________
Speaker of the House
I certify that H.R. No. 785 was adopted by the House on March
17, 2011, by a non-record vote.
______________________________
Chief Clerk of the House