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.
The NCUA announced Aug. 30 it filed a suit in Federal District Court in Kansas two weeks earlier against another Wall Street firm that the regulator said sold faulty mortgage-backed securities to failed corporates U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.
Lights, cameras add high-tech action to credit union marketing possibilities.
The NCUA won a big legal victory Aug. 27 when the U.S. 10th Circuit Court of Appeals in Denver ruled the regulator can proceed with its claims against Wall Street firms over mortgage backed securities sold to the failed U.S. Central Federal Credit Union.
Agency announces Friday it sued Morgan Stanley on Aug. 16 over fault mortgage-backed securities.
San Diego board veteran helped lead North Island, Central, Camp Pendleton and WesCorp credit unions, as well as WOCCU, CUES, CUNA DCUC and CCUL.
The clock is ticking for the filing of arguments in the appeal of the NCUA vs. Barclays Capital, a case that had been thrown out by U.S. District Judge John W. Lungstrum in Kansas.
Former WesCorp CFO had joined Maryland credit union in 2010.
The NCUA announced last week at its monthly board meeting that credit unions’ assessment for the Temporary Corporate Credit Union Stabilization Fund would be a mere eight basis points. The total bill for credit unions comes to $701 million, or approximately $100,000 on average per credit union, for 2013. It’s...