The $6.1 billion Security Service FCU said it has not made a bid for the newly conserved $1.6 billion Texans Credit Union.
The NCUA said Friday night that it had placed Texans Credit Union of Richardson into conservatorship.
Hudson River Community Credit Union, Hudson Falls, N.Y., promoted Erika Williams to senior financial services officer at its Hudson Falls branch.
When it comes to the most investments and loans in CUSOs, three Texas credit unions have the distinction of being in the top five ranking.
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.
The $1.6 billion Texans Credit Union said it plans to fight against a suit that claims the cooperative's commercial real estate CUSO did not follow through on providing loans for a failed Mississippi project.
The $1.6 billion Texans Credit Union is not providing any details only saying it has settled a three-year long clash involving Kevin Curley, the former president of Texans Insurance Group.
Without providing any details, the $1.6 billion Texans Credit Union said it has settled a three-year long dispute involving Kevin Curley, the former president of Texans Insurance Group.
More than a month after a bankruptcy court determined that the former president/CEO of Texans CUSO Insurance Group was entitled to $21 million in a wrongful termination case, it appears the fight to collect could linger.
Until creditors "holding a higher priority" are paid in full as Texans Insurance Group reorganizes under bankruptcy cover, it remains to be seen if the former CUSO's CEO will see any part of a $21 million order.