CNBS sent out a letter to its clients on Tuesday telling them that CEO Brian Hague and Doug Richardson, its executive vice president and CFO, are no longer with the Kansas City-based credit union investment CUSO.
The letter said the CUSO's board appreciated Hague's and Richardson's service and wished them luck in their future endeavors but provided no other details on their departure.
“The board would also like to assure you that these changes will have no impact on to CNBS' operations or any of the services we provide,” said the letter to clients obtained by Credit Union Times.
The letter advised credit unions seeking more information to contact EVP Brian Smith-Vandergriff, CFO Todd Frerichs or Larry Harmon in compliance/financial operations.
The company did not immediately return an email seeking comment.
CNBS was formerly owned by the now-defunct corporate credit union U.S. Central. Aberdeen Capital Holdings in Dallas, which includes former Texans Credit Union CEO David Addison as a partner and founder, bought a 51% stake in CNBS last year.
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