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RICHARDSON, Texas — The $2 billion Texans Credit Union last year sold its majority interest in Texans Commercial Capital, its once successful lending CUSO, the CU told Credit Union Times last Thursday.

Texans retained a minority interest in the company and retained 100% ownership of the pre-existing loans, according to Matt Davis, executive vice president at the credit union. Texans sold the commercial real estate loan origination platform, which included the people and the processes, to TCC but not the loans and loan relationships, Davis said. At the time of the sale, Texans CU signed a loan servicing contract with TCC. The CU sold the majority share of the business “to an experienced real estate professional with Wall Street connections,” Davis said.

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