The U.S. Central Federal Credit Union Conservatorship Advisory Board has voted to replace Chief Executive Officer James Nance.
"During the difficult initial days of US Central's conservatorship, Nance provided critical management skills. Today's action was taken due to divergent views about how to move U.S. Central forward," the release stated.
Effective immediately, US Central Senior Vice President and General Counsel Francois Henriquez will assume the role of Interim CEO, and a search committee will begin a process to determine a successor.
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