RICHARDSON, Texas — The $ 1.9 billion Texans Credit Union apparently had discussions on converting to a mutual savings bank or some other form of banking institution in 2005, according to a petition filed by three former executives at Texans Commercial Capital, LLC, the credit union’s CUSO.

Former Texans Commercial president/CEO John C. O’Shea, former senior vice president/CFO Paul J. Valdez, and former executive vice president/COO B. Fox have filed claims of defamation, fraud and breach of contract against the CU, CUSO and David Addison, the CU’s president/CEO.

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