Turmoil Continues at New Jersey League, Walls Dismissed

Published April 24, 2007, 7:45 p.m. EDT

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Updated August 27, 2020, 1:55 a.m. EDT

1 Min Read

HIGHTSTOWN, N.J.– The New Jersey CU League said yesterday it has dismissed Robert. Walls, less than two years after the former Delaware CU League President was hired as CEO.Walls left the Delaware League in mid-2005 to fill a vacancy created by the termination of Thomas Shaughnessy, who would later plead guilty to embezzling nearly $300,000 from the New Jersey League. Shaugnessy had earlier been promoted to CEO to replace Russell Clark, the former NCUA executive who was also terminated by the New Jersey league in 2003. Christopher Zahne, the New Jersey League’s director of finance, has been named the acting CEO.

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