According to court documents filed in U.S. District Court, theNCUA has settled with former Western Corporate FCU Chief FinancialOfficer Todd Lane.
|The confidential deal with the last remaining WesCorp defendantis subject to approval by the NCUA Board and general counsel,according to civil minutes filed in California's CentralDistrict.
|Records of the settlement will be sealed per court orders. TheNCUA already has issued prohibition or cease and desist ordersagainst former WesCorp employees Bob Burrell, Tim Sidely, Bob Siravo and Tom Swedberg, as well as former U.S. Central FCU CEO Francis Lee and former Members United Corporate FCU CEO JoeHerbst, but no such order is listed for Lane.
|Lane, who is currently chief financial officer at the $1.7billion California Coast Credit Union in San Diego, did not returna call requesting comment. The NCUA did not respond to arequest for comment.
|Last month, Lane was named secretary/treasurer of the board forthe California Credit Union League's Richard Myles JohnsonFoundation.
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