Texans CUSO Insurance Group, LLC Files Voluntary Chapter 11 Petitions to Address Short-Term Operational and Liquidity Challenges

Normal Operations to Continue

DALLAS (September 8, 2009) – Texans CUSO Insurance Group, LLC, (the "Company") today announced that in an effort to address certain short-term operational and liquidity challenges, on September 5, 2009 it filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas (the "Court”). The Company’s operations are expected to continue uninterrupted and normally throughout the Chapter 11 process while it develops a reorganization plan to resolve its temporary operational and liquidity issues, which were caused by the soft insurance market, the economic recession, the loss of business from construction-industry clients and ongoing litigation expenses.

In conjunction with the filing, the Company is negotiating a debtor-in-possession financing facility (the "DIP Financing"), which should be finalized shortly. In the meantime, the Company has sufficient cash to operate and the consent of its secured lender to utilize such cash for operational purposes. If approved by the Court, the DIP Financing will provide an immediate source of funds to the Company, enabling it to satisfy on-going expenses associated with the daily operation of its business, including the timely payment of employee wages and other business related obligations.

The Company has asked the Court for additional authorizations, including permission to continue to pay employee wages and salaries, to provide employee benefits without interruption, and to continue with its various customer programs.

During the Chapter 11 process, suppliers should expect to be paid for post-petition purchases of goods and services in the ordinary course of business. Payments of insurance premiums and commissions to agents should also continue without interruption. Insurance policies issued through the Company are unaffected by the filing and customers remain insured through their carriers.

"We want to make it perfectly clear to our policyholders and our client agencies that their policies will not be affected by this reorganization and our business should continue as usual,” stated Mike Haselden, President of Texans Insurance Group.

Texans CUSO Insurance Group, LLC is a subsidiary of Texans Credit Union. The Chapter 11 filing will not impact any credit union member accounts or services.

About Texans CUSO Insurance Group, LLC

The Texans Insurance Group is a collection of insurance entities that have been involved in the insurance brokerage business since 1988. Utilizing a variety of market alternatives, the members of the Texans Insurance Group write Business Insurance, Personal Lines, Professional Liability, Employee Benefits, Reinsurance and Specialty Lines Insurance. For more information go to http://www.texansinsurance.com.