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Lane Requests Written Proof He Dictated WesCorp’s Investment Risk

Former exec demands to see the documents.

By Heather Anderson | Updated on June 29, 2012

Todd Lane, former Western Corporate Federal Credit Union executive vice president/chief financial officer filed a set of documents in U.S. District Court June 20, requesting documentation from plaintiff NCUA that proves Lane “dictated revenue targets to be achieved by the investment department.”

The request is a legal response to the NCUA’s claims that the failed WesCorp’s budget mandated particular levels on investment and net interest income, and as a result, dictated the level of risk in its investment portfolio. Lane had previously filed a motion to dismiss that complaint.

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