An NCUA Feb. 25 online posting mistake revealed previously confidential negotiations between disposed U.S. Central FCU Executive Vice President David Dickens, U.S. Central and the regulator.
The posted documents, which included details regarding Dickens' $762,000 separation of employment package, were made public alongside comment letters from credit unions regarding proposed corporate regulations. NCUA spokesman John McKechnie acknowledged the documents were posted erroneously and said the agency regrets the error.
According to the documents, U.S. Central withheld Dickens' severance benefits immediately after he was fired on Feb. 5 due to an investigation into whether his actions could have allowed him to be fired "with cause."
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 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.
