Quantcast

NCUA: WesCorp Board Abandoned Duties

DEC 13, 2010

LOS ANGELES-In a pleading that could have broad ramifications for officers and directors of failed corporate credit unions, NCUA told a federal court here that directors and officers of WesCorp FCU abandoned their roles as fiduciaries of a not-for-profit credit union by pursuing ever-increasing profits for the failed one-time $34-billion...

To continue, please sign in or subscribe
Free 14-Day
Trial
  • Online access to premium credit union content
  • Daily and weekly e-newsletters with top headlines
  • Learn why thousands of credit union professionals rely on Credit Union Journal
No credit card needed
Digital
Subscription
  • Access to our Credit Union Journal mobile app
  • Special reports providing the latest industry information
  • High-level perspective and insights on credit union strategies and tactics
Have an account?
SIGN IN HERE
Remember me