Former WesCorp CFO Todd Lane will replace the retiring Marla Shepard in early 2015.
The Texas corporate has experience as an NCUA derivative pilot provider.
Order bans Siravo from involvement with any federally insured credit union and calls for him to pay $600,000.
Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.
Still suffering from the bite of losing all their Western Corporate FCU capital in 2009, credit unions report they are still capital shy when it comes to replacing corporate services.
WesCorp members seek new home for services, shy from staking new capital. Get the story in next week's print edition today in this print preview.
Most credit union leaders decline comment on order against failed corporate leaders but some criticism emerges.
Two former CEOs have been banned from working again for corporates but are allowed to work elsewhere in the industry.
The NCUA’s settlement with former Western Corporate FCU Chief Investment Officer Robert Burrell has been finalized, court documents show.
Former WesCorp economist Dwight Johnston has a new home: the California and Nevada Credit Union Leagues.