Texans CU Exec Sues Over $1.9 Million In Unpaid Exec Comp

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DALLAS – A former executive of Texans CU sued the credit union this week, claiming he is owed more than $1.89 million under a deferred compensation plan.

Gary Kirkindoll, former president of the credit union’s CUSO services and its subsidiary Texans Financial, was laid off from Texans on May 23, five weeks after the one-time $2 billion credit union was taken over by NCUA. Kirkindoll has not received any of the $1.89 million he had in the Executive Deferred Compensation Plan, the state suit claims.

Kirkindoll's suit alleges breach of contract, fraudulent misrepresentation, negligent misrepresentation, fraudulent inducement and breach of fiduciary duty by Texans CU and Texans Financial.

 

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