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Winston-Salem-based Piedmont Advantage had been losing money since 2019.

NCUA said the merger was in the best interest of the Missouri credit union's 1,015 members after regulators took control of the institution in July.

The former Board members point to Congress' response to a controversial 1976 firing as evidence that NCUA Board members were meant to be protected from presidential removal without cause.

The biggest gains came from Buy-Here-Pay-Here lots, finance companies and other lenders.

Former employees of Centra, Tongass Federal and OneAZ credit unions consent to prohibition orders barring them from federally insured financial institutions.