A year after financial troubles led to its conservatorship, Texans Credit Union's fiscal health appears to be improving.
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.
The $950 million Elevations Credit Union has hired Jay Champion, the former CEO at Texans Commercial Capital LLC, to lead a business lending and services initiative.
Does the latest chapter in a three-year old legal case involving the terminated executive of an insurance CUSO and Texans Credit Union hinge on semantics?
After nearly three years of legal wrangling, former Texans Insurance Group President Kevin Curley may be able to recoup $21 million in back pay and benefits in a wrongful termination case.
Texans Credit Union said a federal bankruptcy court in Dallas ruled that a realty firm owes its commercial real estate lending CUSO more than $40 million in a suit involving a defaulted Illinois property loan.
Credit Union Liquidity Services LLC, previously known as Texans Commercial Capital, has been awarded more than $40 million in a suit involving a defaulted Illinois property loan, according to Texans Credit Union.