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The NCUA has announced a cease-and-desist order against another defendant in the Western Corporate Federal Credit Union lawsuit, with terms similar to others who are banned from corporate credit unions, but not natural person.

Former WesCorp Human Resources Director Thomas E. Swedberg consented to the order without admitting fault, and is prohibited from becoming an employee of, holding any office in, or otherwise participating in any manner in the conduct of the affairs of any federally insured corporate credit union, the agency said in its announcement Friday.

 

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