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Texans CUSO Insurance Group files for bankruptcy
RICHARDSON, Texas (9/9/09)--Texans CUSO Insurance Group, a subsidiary of Texans CU, filed for bankruptcy protection under Chapter 11 on Saturday in the U.S. Bankruptcy Court for the Northern District of Texas. The group filed its case to resolve temporary operational and liquidity issues, according to a press release. “The policyholders of Texans CUSO Insurance Group will not be affected by the filing,” said Michael Sauer, president/CEO of Texans CU. “The filing will not impact any credit union member accounts or services.” Texans CU, based in Richardson, Texas, has more than $1.7 billion in assets.

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