This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the October-01, 2008 issue of Credit Union Times Magazine • Subscribe!
Fired Texans Insurance CUSO President Not Back Despite Arbiter's Ruling
DALLAS -- Although Texans Credit Union reported that Kevin M. Curley, the former president of Texans Insurance Group who was found to have been wrongfully terminated, is back in the post, he is not.<p>Curley, who was fired in April 2007, had been reinstated following an arbitrator's ruling that he was wrongfully terminated, but Curley's attorney, Bill Brewer, has a different take on the matter.</p><p>Curley, in fact, has not been allowed back on the job, according to Brewer. Credit Union Times talked with Curley on Sept. 23 who confirmed Brewer's statement. </p><p>Curley is the former president of Curley Insurance Group LLC, which was bought by $2 billion Texans CU in January 2007. The conglomerate of companies became Texans Insurance Group with Curley remaining on staff. Curley was terminated in April 2007 and filed a claim against the CUSO citing a breach of a three-year employment agreement that was to end on Dec. 31, 2009. </p><p>On July 8, 2008, a Texas arbitrator ruled in favor of Curley saying he was entitled to return to the job, back pay and benefits. (CU Times, July 30, 2008). </p><p>Brewer said Texans CU has given the impression that Curley has been back at the helm of Texans Insurance Group since Sept 1. </p><p>Indeed, in a Sept. 4 e-mail, Texans CU Executive Vice President Matt Davis confirmed with Credit Union Times that Curley was "reinstated" on Sept 1. However, Brewer said shortly after the July 8 arbitration hearing, Curley attempted to return to work but was told "not to report." Curley was paid $350,000 in back pay but is still waiting on additional benefit and legal fee compensation, Brewer said, adding he is not sure if the former CUSO president is on the payroll. </p><p>Texans CU did not respond to a request for comment by press time. </p><p>"They're playing semantic games. They have refused to allow him to return," Brewer said. "That's despite several letters sent reminding [Texans] that he is ready, willing, able and in fact, anxious to return."</p><p>Brewer said Curley was told that he would have to report to Gary Kirkindoll, president of Texans Services Group and David Addison, president/CEO of Texans CU but it remained unclear how the reporting process would take place. Curley has not been allowed on the CUSO's premises and has been barred from talking to any of its employees, Brewer said.</p><p>"This man spent 20 years of his life building [the insurance business]. He has a three-year earn-out and that's going up in smoke," Brewer said.</p><p>A little over a week ago, Brewer said he filed yet another wrongful termination suit on Curley's behalf citing breach of contract and failure to pay additional compensation owed to him.</p><p>"It's a wild state of affairs. There seems to be a siege mentality over there [at Texans CU]," Brewer said, adding he had the opportunity to sit in on another the financial institution's other case involving the firing of three former executives with Texans Commercial Capital (See related story, p. 1).</p><p>--firstname.lastname@example.org</p><p> </p><p> </p>
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!