A credit union may:

1. (1) be a member of:

   1. (A) another credit union organized under this subtitle or other law; and
   2. (B) another organization approved by the board; or
2. (2) operate, with the commissioner's approval, as a central credit union.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.