A little over a year after Texans Credit Union settled a contentious wrongful termination case with the former president of its insurance CUSO, the cooperative has been hit with yet another suit with strikingly similar details.
David Addison, the former president/CEO of the troubled Texans Credit Union, has resurfaced.
LinkedIn profile lists Addison as CEO, sole employee of Aberdeen Capital Holdings Inc.
Nearly a month after the NCUA placed Texans Credit Union in conservatorship, the regulator has begun the process of assessing the adequacy of the cooperative’s allowance for loan and lease losses account.
New Texas commission member says Lone Star CUs have weathered recession well.
Regulators are often the center of attention, but lately the NCUA has taken the spotlight. Unfortunately for the agency, it’s been low-hanging fruit.
Texas regulator points to collapse of Texans CU as example of challenges and risks.
LAS VEGAS — NCUA Board Member Gigi Hyland said Wednesday the agency needs more authority in dealing with CUSOs to help prevent credit union failures.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.
Bankers argued to NCUA that now-conserved Texans CU was in violation of its member business lending cap.