Notice to Credit Union Members Regarding Unclaimed Property:
The state of Texas, through escheat laws, mandates that financial institutions surrender inactive accounts over to the State Treasury. Inactive accounts are accounts that have had no activity for the last 3 years. Dividends do not count as transactions. The state requires that we close the account and send the funds to the Unclaimed Property Division of the Texas State Comptroller’s office by July 1. Before closing the accounts and submitting funds to the state, the credit union will make necessary attempts to contact the accountholders. – If you receive a notice, please contact us at 800-892-1111 or 409-892-1111 or make a transaction on your accounts. Once the funds are sent to the state, you will need to contact the state directly for the proceeds.