An amended NCUA complaint against former officials with Western Corporate FCU added two former WesCorp employees not originally named.

Increasing concentrations of non-agency MBS drove Western Corporate FCU to failure, NCUA said in its amended complaint against former directors and officers yesterday in U.S. District Court.

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.

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.