Abilene Teachers Federal Credit Union, Abilene's second largest financial institution, is committed to furthering the financial well-being of our members. In that light, we are urging Texans to vote YES on two important non-partisan propositions on the November 7 ballot. These proposed amendments to the Texas Constitution would enable Texas credit unions to provide more financial options to their members. We believe these propositions would have a positive impact on Texas consumers.

Proposition 2

Proposition 2 modernizes the home equity lending law. This proposition will maintain strong consumer protections while giving Texans more access to the equity in their homes and increased borrowing options. It lowers the fees consumers pay and gives home equity line of credit borrowers new options for refinancing at a lower rate. It allows consumers to combine a home equity line and a mortgage into one conventional loan with the same interest rate.

If Texas voters pass Proposition 2, credit unions will have more options for home equity loan products. This will give credit union members with ranch and farm homesteads access to home equity loans. It will also improve access to smaller home equity loans especially for low income homeowners or those in rural areas.

Visit the Texans for Prop 2 website for more information about why this amendment is good for Texas cred union members and their families.

Proposition 7

Proposition 7 will provide Texas families with more opportunities to save so they can avoid using high-interest alternatives, like payday loans, when they face an emergency. It allows credit unions and other financial institutions to offer prizes to encourage people to open savings accounts and/or save more money in them.

One third of Texas families don't have savings accounts and this proposition will increase financial security in our state. The best part is that a prize-linked savings account is a exactly as secure as a traditional savings account. Consumers control their accounts and withdraw money as needed. If Texas voters pass Proposition 7, more consumers would save and positively affect their family budgets.

Visit the Prop 7 for Texas website for more information on how this amendment can improve the financial security of Texas families.

Every Vote Counts

Early voting has begun and runs until November 3. Election Day is November 7. ATFCU members are urged to go to the polls and vote YES on both of these non-partisan amendments which will expand financial options for Texas credit union members.

Texas Voting Resources

Find out Where to Vote