WASHINGTON – The former CEO of Constitution Corporate FCU asked a federal appeals court yesterday to overturn the NCUA Board’s ruling denying him some $250,000 in back pay and benefits after the federal regulator took over his failed corporate in September 2010, along with two others.

Robert Nealon, who headed the one-time $1.7 billion corporate from July 2004 until its 2010 demise, claims NCUA was wrong to repudiate $62,300 in a 457 (b) retirement plan and $178,000 in severance pay under an employment contract NCUA itself had approved the year before. Nealon is also seeking lawyers’ fees and interest on the money.

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