Thursday, December 20, 2012

NCUA Sues Former Texans CU CEO Addison

The National Credit Union Administration (NCUA) today filed suit in Federal District Court in Dallas against David Addison, former CEO of Texans Credit Union (TCU), alleging Addison breached his fiduciary duty to members and was “grossly negligent” in his management of the credit union, which is now in conservatorship.

Read the press release.

Read the complaint.


  1. Really that’s great article, these points are very helpful, thanks for sharing with us.

  2. Keith -
    What makes Texans CU CEO Addison any different from Telesis FCU (Chatsworth,CA) CEO Grace Mayo. Both CEO's proceeded to rape, pillage and plunder their respective credit unions into a hole in the ground. Both placed into conservatorship. Both sustained millions in losses. Where is the NCUA lawsuit against CEO Grace Mayo?

  3. It takes time to put together a case. I suspect they are looking at Grace Mayo.



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