Senior management is the among the first casualties at Sperry Associates Federal Credit Union as the cooperative attempts to correct a number of troubled capital, operational and lending issues recently ordered by the NCUA.

The $345 million Sperry in Garden City Park, N.Y., announced Sept. 20 that Dan Capece, its interim president, and Sandy Albert, a human resources consultant, were no longer working at the credit union, effective Sept. 15.

"The board has enacted this change to improve the credit union's operations for its membership base; as the organization moves forward, the board is focused on transforming its management team," said Sperry in a statement.

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