David Frazier has been named the next CEO of Texans Credit Union, effective Feb. 3.
Frazier, who has been president and CEO of Baytown, Texas-based Community Resource Credit Union since 2008, succeeds Kevin Durrance, who left the $1.6 billion-asset institution in July after eight years at the helm.
“On behalf of our employees and members, the Texans board welcomes David into the organization. We see in him strong alignment with Texans’ commitment to delivering value and service to our dedicated membership," George Consolver, the chair of Texans’ board of directors, said in a statement. "David will be an exceptional leader to continue positioning Texans as a competitive force in the marketplace while delivering on our strong corporate values."
Frazier holds a B.S. in business administration from Texas A&M University and underwent additional coursework in accounting at the University of Houston-Clear Lake. Prior to joining the credit union movement he worked as controller and CFO for a Houston-area hospital group.
“I am very excited to be joining the Texans team,” said Frazier. “The Texans vision to be a trusted financial partner for all Texans while serving our communities aligns perfectly with my personal values. The Texans brand, legacy and potential is respected and well known throughout the credit union industry.”
Texans Credit Union was formed in 1951 by 11 Texas Instruments employees. Since 1998 it has held a community charter and today serves a variety of select employer groups and offers membership to consumers across seven different counties.
The credit union posted $18.7 million in net income during the first three quarters of 2019, the most recent data available, on par with the $18.6 million it recorded during the same period one year prior.
