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Court Docs Describe Siravo and Swedberg's Alleged SERP Scheme

By Heather Anderson

NCUA used strong words - false, misleading, willful and malicious - to allege a scheme by former Western Corporate FCU officers Robert Siravo and Tom Swedberg to increase their Supplemental Executive Retirement Plan payouts.

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California CUs Seek To Counter Negative Column

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Connecticut CUs Keep MBL Before Legislators

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August 31, 2010

Trade Associations Address Advisory Board

The President's Economic and Recovery Advisory Board has drawn letters from both CUNA and NAFCU after its Aug. 31 report mentioned taxing credit unions as a potential way of improving the federal tax system.

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August 31, 2010

Cheney "Disappointed" with NCUA's Amended WesCorp Charges

CUNA CEO Bill Cheney said he is "disappointed" NCUA has chosen to pursue gross negligence and breach of fiduciary duties charges against him in the Western Corporate FCU lawsuit.

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August 30, 2010

Atlanta Branch Opening Celebrates Slain CU CEO's Legacy

Up until his death in July, former CEO DeFarra "Dean" Gaymon was working on re-opening a Credit Union of Atlanta branch to serve in a historic and underserved area of downtown Atlanta.

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August 30, 2010

Apartments, Multifamily Units Starting to Reignite CRE

While vacancies in office and retail space remain high, apartments and multifamily units are making a comeback in the commercial real estate market, one real estate expert noted.

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August 30, 2010

NCUA Amends WesCorp Complaint to Include Fraud

The NCUA Board, serving as conservator plaintiffs in the Western Corporate FCU lawsuit, filed an amended complaint today in U.S. District Court that alleges more serious charges than those originally filed.

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August 30, 2010

Feinberg Meets With Southeast League on Oil Spill Claims

Southeast credit unions, striving to serve and assist victims of the BP Oil Spill, are hoping they have a friend on loan guarantees in the government's claims czar, Kenneth Feinberg.

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August 30, 2010

CUNA, NAFCU Downplay Tax Threat

Both CUNA and NAFCU sought to downplay a recent suggestion from the President's Economic Recovery Advisory Board that taxing credit unions might be one way to increase government revenue.

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Top News Stories

Court Docs Describe Siravo and Swedberg's Alleged SERP Scheme

California CUs Seek To Counter Negative Column

Connecticut CUs Keep MBL Before Legislators

Recommended Just For You

News Stories

Trade Associations Address Advisory Board

Cheney "Disappointed" with NCUA's Amended WesCorp Charges

Atlanta Branch Opening Celebrates Slain CU CEO's Legacy

Apartments, Multifamily Units Starting to Reignite CRE

NCUA Amends WesCorp Complaint to Include Fraud

Feinberg Meets With Southeast League on Oil Spill Claims

CUNA, NAFCU Downplay Tax Threat