SACRAMENTO, Calif. -- Californias Department of Financial Institutions has named long-time supervisory examiner Bert McLane to the newly-created new position of chief examiner in its Division of CUs.
The move comes during one of the worst stretches for CUs in state history, as an estimated third of the states credit unions reported losses for the first quarter, according to a recent review. Regulators are busy merging troubled credit unions.
McLane will report directly to the governor-appointed Deputy Commissioner of Credit Unions. We …
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