Todd Lane, who was targeted in a NCUA lawsuit over the failed $23 billion Western Corporate Federal Credit Union in 2009, will become the next president/CEO of the $1.8 billion California Coast Credit Union.

The San Diego-based credit union announced June 12 that its President/CEO Marla Shepard will retire in early 2015. She was formerly president/CEO of First Future Credit Union, which merged into Cal Coast in 2008. She began her credit union career in 1972 as a teller.

Lane will serve as interim president until Shepard's retirement, according to the Cal Coast announcement. He joined Cal Coast in 2009.

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