St. Petersburg, Fla. (Dec. 18, 2025) – Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, today announced the appointment of Todd Lane, president and CEO of California Coast Credit Union, as a member of its Board of Directors. He has served as an associate board member since 2021.

Lane replaces former Velera board member and previous president and CEO of Wings Credit Union Frank Weidner. Weidner served on the Board of Directors for over 10 years, including terms as vice chair and chair during the PSCU/Co-op Solutions combination. He will conclude his 14-year tenure as president and CEO of Wings Credit Union at the end of 2025.

“We are extremely pleased to welcome Todd as a member of our Board of Directors. In his time as an associate director, he has played an integral role in our progress and been a trusted partner in advancing our mission. We look forward to the leadership and perspective he will continue to bring to the board,” said Chuck Fagan, president and CEO of Velera. “We also extend our sincere appreciation to Frank, whose leadership as board chair was instrumental in guiding us through the combination and into our next chapter as Velera. His influence will continue to shape our strategy and member-first focus.”

“Velera’s Board of Directors brings together CEOs representing credit unions of varying sizes, membership models and regions, each offering a deep understanding of the issues shaping today’s payments landscape,” said Cathie Tierney, chair of the Velera Board of Directors and president and CEO of Community First Credit Union. “On behalf of the board, we look forward to seeing Todd take on this new role and are confident his experience will further strengthen our collective work to support credit unions. We are also grateful to Frank for his steadfast leadership during a period of significant transition and for the focus he brought to the board’s work.”

Additional Velera Board of Directors members include:

Rob Stuart, president and CEO of OnPoint Community Credit Union, Ore. (Vice Chair)
Jackie Buchanan, president and CEO of Genisys Credit Union, Mich. (Treasurer)
Chris Shockley, president and CEO of Virginia Credit Union, Va. (Secretary)
Christine Blake, president and CEO of Cardinal Credit Union, Ohio (Associate Board Member)
Craig Esrael, president and CEO of First South Financial Credit Union, Tenn.
Maria J. Martinez, president and CEO of Border Federal Credit Union, Texas (Associate Board Member)
Joan Opp, president and CEO of Stanford Federal Credit Union, Calif.
Rudy Pereira, president and CEO of Premier America Credit Union, Calif.
Sean Rathjen, CEO of Consumers Credit Union, Ill.
Mark Robnett, president and CEO of Justice Federal Credit Union, Va.
Andrew Rosen, president and CEO of Hawaii State Federal Credit Union, Hawaii
Amy Sink, CEO of Interra Credit Union, Ind.
Nathanael Tarwasokono, president and CEO of Allegacy Federal Credit Union, N.C.

About Velera

Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. With over four decades of industry experience and a commitment to service excellence and innovation, the company serves more than 4,000 financial institutions throughout North America, operating with velocity to help its clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Velera leverages its expertise and resources on behalf of credit unions and their members, offering an end-to-end product portfolio that includes payment processing, fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and 24/7/365 member support via its contact centers. For more information, visit velera.com.