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Dismissed Western Corporate Federal Credit Union President/CEO Bob Siravo did receive a large retirement payout in 2008, but it was from a deferred compensation plan and not a golden parachute severance payout, former WesCorp Board Member Diana Dykstra said.

Dykstra, president/CEO of the $610 million San Francisco Fire Credit Union, was also dismissed from WesCorp’s board of directors when the NCUA seized the corporate on March 20. She broke her WesCorp-related silence and addressed rumors that former president/CEO Siravo received as much as $6 million after the conservatorship.

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