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XCU Capital CEO Mark Allen on Administrative Leave

CARLSBAD, Calif. - Mark Hoaglin is filling in for XCU Corp. President/CEO Mark Allen, who is on administrative leave. Hoaglin, who has served as vice president of sales-West at the firm, has been named the "acting CEO," and XCU employee told Credit Union Times. No further details were given on...

By Staff Writer | Updated on June 07, 2005

CARLSBAD, Calif. – Mark Hoaglin is filling in for XCU Corp. President/CEO Mark Allen, who is on administrative leave. Hoaglin, who has served as vice president of sales-West at the firm, has been named the “acting CEO,” and XCU employee told Credit Union Times. No further details were given on how long Allen has been on leave and the circumstances surrounding his absence. XCU Corp. is the holding company for XCU Capital Corporation, Inc., a credit-union owned broker/dealer with more than $1.6 billion in assets under administration and 30 credit union clients. Allen has been president of XCU Corp., which also includes its subsidiary, Focus Insurance, since 1991. Hoaglin, who was one of several speakers at NACUSO’s recent annual conference, was listed as “interim CEO” in the trade group’s conference materials.

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