The NCUA issued a cease and desist order Friday against DavidAddison, former CEO of $1.4 billion Texans Credit Union in Richardson, Texas.
“The order, to which Addison consented without admitting fault,requires that Addison not become an employee of, hold any office inor serve as a board member of any federally insured credit union orcredit union service organization,” the NCUA said in a pressrelease.
NCUA Public Affairs Specialist John Fairbanks confirmed theNCUA's lawsuit against Addison has been settled.
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