Texans Credit Union

• CNBS Loses Two Top Execs

  By Heather Anderson, Marc Rapport  |  April 25, 2013

  Kansas City investment CUSO sends out letter saying CEO Brian Hague, EVP Doug Richardson, have left.

• More Lessons Emerge With Details on Telesis Collapse

  By Michelle A. Samaad  |  April 3, 2013

  While it’s been a little over a year since Telesis Community Credit Union went under conservatorship, credit unions may find there are still more lessons to learn from the cooperative’s collapse.

• 4 Lessons Learned From Telesis Failure

  By Michelle A. Samaad  |  March 21, 2013

  Business services specialist points at MBL exposure, loan loss allowances, dependence on CUSO revenue, high operating expenses.

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  Loan Broker Relationships Put CUSOs in the Spotlight

  By Michelle A. Samaad  |  February 27, 2013

  In 2012, the NCUA reported nearly 1,500 federally insured credit unions had loan participations with total balances of nearly $13 billion.

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  Texans Ex-CEO David Addison Sued by NCUA

  By Heather Anderson  |  January 9, 2013

  The NCUA filed suit late last month against David Addison, former CEO of Texans Credit Union, accusing him of breach of fiduciary duty and gross negligence that led to the $1.4 billion credit union’s April 2011 conservatorship.

• Former Texans CEO Addison Has Ties to CUSO Stake

  By Heather Anderson  |  December 28, 2012

  CNBS LLC says David Addison is one of several partners in holding company that bought 51% stake.

• NCUA Sues Former Texans Credit Union CEO David Addison

  By Marc Rapport  |  December 20, 2012

  Suit alleges misconduct, bad investments led to credit union's $16 million in losses.

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  Telesis Took a Belly Flop

  By Michelle A. Samaad  |  December 19, 2012

  The NCUA announced on April 2 that it has contracted with the $1.3 billion Premier America Credit Union to manage the assets of the $318 million Telesis Community Credit Union during Telesis’s conservatorship. Both credit unions are based in Chatsworth, Calif.

• CEFCU Slapped With Patent Suit

  By Robert McGarvey  |  November 29, 2012

  Delaware firm adds Illinois credit union to its list of targets.

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  San Antonio Credit Union Drives to $6 Billion in Loans

  By Michelle A. Samaad  |  August 12, 2012

  In Texas, it’s no secret that going big is the likely way to go in the Lone Star state. It’s here that one is more apt to find a cooperative such as the $6.7 billion Security Service Federal Credit Union that has a loan portfolio equal to the size of its...