Western Corporate Federal Credit Union defendants sued by seven mid-sized credit union members include the seized institution's entire board of directors and supervisory committee, which held volunteer positions at the time of WesCorp's conservatorship, as well as two volunteers who had already left the board.

Robert H. Harvey Jr., James P. Jordan, Timothy Kramer, Adam Denbo, Diana R. Dykstra, Wayne Hope, Robin J. Lentz, Susanne Longson, John M. Merlo, Warren Nakamura, Brian Osberg, David Roughton, Darren Williams and Donna Bland were all volunteers dismissed by the NCUA when WesCorp was placed into conservatorship in March 2009 and are listed as defendants.

Also listed as defendants in the suit are Gordon Dames and William Cheney, who were elected to serve three-year terms on the WesCorp board in 2005. Cheney resigned his position when he was hired as CEO of the California Credit Union League in 2006, while Dames served out his term through May 2008.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.