The NCUA refuses to provide subpoenaed documents that could detail management and examiner responsibility for corporate failures.
The $7 million Pennsylvania credit union corrects problems with record keeping, internal controls and governance.
While directors should be continually asking why, they should also stay out of daily operations.
Final arbitration award documents obtained by Credit Union Times reveal a legal dispute between Ken Burns and the billion-dollar Tech CU, where he formerly served in the corner office.
Arbitrator rules that Burns was negotiating merger with Patelco while serving as Tech CU's CEO.