By Saturday afternoon, both U.S. Central FCU and Western Corporate FCU had updated their Web sites to reflect board and management changes mandated by the NCUA as a result of Friday's conservatorships.
At the Lenexa, Kan.-based U.S. Central, President/CEO Francis Lee was removed, as well as the board of directors: Chairman Joseph Herbst, president/CEO of Members United Corporate Federal Credit Union; Vice Chairman Charles Thomas, president/CEO of West Virginia Corporate Credit Union; Treasurer David Brehmer, president/CEO of First Carolina Corporate Credit Union; Secretary Bob Siravo, president/CEO of WesCorp; Director Larry Eisenhauer, president/CEO of Kansas Corporate Credit Union; Director Jim Hansen, president/CEO of VACORP Federal Credit Union; Director Greg Moore, CEO of Georgia Central Credit Union; Non-corporate Director Bill Cheney, president/CEO of California/Nevada Credit Union Leagues; and Non-corporate Director John Franklin, executive vice president/chief operating officer of CUNA.
At the San Dimas, Calif.-based WesCorp, President/CEO Bob Siravo and Chief Investment Officer Bob Burrell were removed from their positions, as well as the board: Chairman Bob Harvey, President/CEO of the $522 million Seattle Metropolitan Credit Union; Vice Chairman Jim Jordan, President/CEO of $1.2 billion Schools Financial Credit Union of Sacramento, Calif.; Financial Officer Timothy Kramer, President/CEO of $837 million KeyPoint Credit Union of Santa Clara, Calif.; Director Adam Denbo, President/CEO of $30 million California Agribusiness Credit Union; and Director Diana Dykstra, President/CEO of $525 million San Francisco Fire Credit Union.
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