Former WesCorp lawsuit defendant Todd Lane will become the next president/CEO of the $1.8 billion California Coast Credit Union.
Former WesCorp CFO Todd Lane will replace the retiring Marla Shepard in early 2015.
Agreement reported to mark the start of a broader relationship.
Credit unions that have restructured loans for struggling members no longer have to pay the price on their financial performance reports. That’s because a final rule released in May by the NCUA, which applied GAAP standards to the reporting of delinquent restructured residential mortgage loans, included a provision that released...