The new president/CEO of the fledgling League of Southeastern Credit Unions, Patrick La Pine, had an exciting first month in office.
For one thing, he had to deal with finding a replacement on his board for the former treasurer, Dale Dalbey, who was forced out in July from the LSCU Board after Birmingham, Ala.-based Mutual Savings Credit Union fell into conservatorship.
Dalbey, a former lobbyist for the Alabama league, had to resign his CU post but has filed suit challenging the state action on Mutual in a Columbiana, Ala.. state court.
The newly formed LSCU elected a new treasurer, Tina Williams, president/CEO of Infirmary CU of Mobile, Ala. The LSCU board also agreed to hold a special election within the coming weeks to replace Dalbey on the 16-member LSCU board. Under the bylaws, half of the board members represent Alabama CUs and the other half Florida.
Dalbey, along with Mutual Savings Chairman Barbara R. Luckett and directors filed an injunction in the Shelby County court seeking to block the July 31 conservatorship brought by the state regulator, T. Glenn Latham.
A first hearing on the Mutual injunction scheduled Aug. 24 was postponed apparently on procedural grounds, officials said.
Regarding CUNA President Dan Mica's recent retirement announcement, La Pine, a former top lobbyist for the Michigan Credit Union League, praised Mica for his stewardship. He said he was interested in seeing the make up of the search committee to replace him and whether it will choose a leading lawmaker, a Washington insider or someone from a trade group.
La Pine added that Mica's departure is again triggering talk of merging CUNA and NAFCU, especially as economic concerns soar.
--jrubenstein@cutimes.com
For one thing, he had to deal with finding a replacement on his board for the former treasurer, Dale Dalbey, who was forced out in July from the LSCU Board after Birmingham, Ala.-based Mutual Savings Credit Union fell into conservatorship.
Dalbey, a former lobbyist for the Alabama league, had to resign his CU post but has filed suit challenging the state action on Mutual in a Columbiana, Ala.. state court.
The newly formed LSCU elected a new treasurer, Tina Williams, president/CEO of Infirmary CU of Mobile, Ala. The LSCU board also agreed to hold a special election within the coming weeks to replace Dalbey on the 16-member LSCU board. Under the bylaws, half of the board members represent Alabama CUs and the other half Florida.
Dalbey, along with Mutual Savings Chairman Barbara R. Luckett and directors filed an injunction in the Shelby County court seeking to block the July 31 conservatorship brought by the state regulator, T. Glenn Latham.
A first hearing on the Mutual injunction scheduled Aug. 24 was postponed apparently on procedural grounds, officials said.
Regarding CUNA President Dan Mica's recent retirement announcement, La Pine, a former top lobbyist for the Michigan Credit Union League, praised Mica for his stewardship. He said he was interested in seeing the make up of the search committee to replace him and whether it will choose a leading lawmaker, a Washington insider or someone from a trade group.
La Pine added that Mica's departure is again triggering talk of merging CUNA and NAFCU, especially as economic concerns soar.
--jrubenstein@cutimes.com
