Cease and Desist Order Issued Against Former Texans CU CEO
NCUA has issued a cease and desist order against David Addison, who was CEO of Texans CU from 2003 to 2009. Addison consented to the order, without admitting fault, that involved allegations that he was grossly negligent in running the credit union. In particular, the allegations cited his decision to engage in what the agency claimed to be high-risk and unstable business and investment strategies. [8/25/14]