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Louisiana-based Red River Bank is suing Texas-based Red River Employees Federal Credit Union for trademark infringement and unfair competition, according to a complaint filed in Louisiana District Court. 

The dispute revolves around the credit union’s October acquisition of branches of Shreveport Federal Credit Union, which the NCUA conserved in April 2017 and then liquidated on October 2. The purchase included branches in Caddo, Bossier, Morehouse and Lincoln parishes in Louisiana and two counties in Mississippi. According to the complaint, the credit union’s primary market before the branch acquisition was in and around Texarkana, Texas, and Texarkana, Arkansas; after the acquisition of the Shreveport Federal Credit Union branches, it moved into Louisiana and Mississippi.

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Tina Orem

 

Credit Union Times

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