Barred from Corporate CUs; But Not Retail CUs

I was reviewing NCUA's administrative orders associated with the personnel at the two costliest credit union failures -- Western Corporate FCU and U.S. Central FCU.

The orders with one exception had the same language barring the individual from:

• becoming an employee, holding any office in, or otherwise participating in any manner in the conduct of the affairs of any federally-insured corporate credit unions;
• consulting or advising any federally-insured corporate credit unions on any matters involving or related to investment securities, investment policy, or invesment strategy; or
• selling any investment securities ... to any federally insured corporate credit unions.

However, these prohibition orders with one execption did not bar these individuals from becoming an employee or participating in the affairs of a natural person or retail credit union.

If these individuals are not qualified to work for or to participate in the affairs of federally-insured corporate credit unions, then how are these individuals qualified to participate in the affairs of or work for a natural person credit union?

And I am not the only person asking this question.

I was carbon copied along with The Wall Street Journal and The Washington Post on a letter to the NCUA Board that raised the same question.