1. (a) Unless changed by a bylaw amendment approved by the commissioner in accordance with the Act and these rules, a credit union shall do business under the name in which its charter was issued. In addition to the official charter name, a credit union may do business under an assumed name. However, the official name as it appears in the bylaws must be used in all official or legal communications or documents.
2. (b) A credit union shall not do business under any name other than its official name until it has registered the designation with the Secretary of State and the appropriate county clerk, and has received from the commissioner a certificate of authority to use an assumed business name.
3. (c) The commissioner shall not issue a certificate of authority to use an assumed business name if the designation might mislead the public or is not readily distinguishable from, or is deceptively similar to, a name of another credit union lawfully doing business and that has established an office in this state.
4. (d) It is the responsibility of the credit union officials to make every reasonable attempt to comply with state and federal law applicable to corporate names.
5. (e) A credit union that intends to use an assumed name shall take reasonable steps to ensure that members will not become confused and believe that its different facilities will be mistaken for separate credit unions or that the shares and deposits in the different facilities are separately insured.

Source Note:The provisions of this §91.205 adopted to be effective May 11, 2000, 25 TexReg 3947.