Alabama One Credit Union CEO Addresses Allegations
Being at the helm of a credit union embroiled in legal battles and controversy, including the resignation of a state regulator, can be stressful, according to John Dee Carruth, CEO of Alabama One Credit Union.
In an interview with CU Times late Thursday, Carruth said the $608 million Tuscaloosa-based institution remains on firm financial ground and employees are not guilty of any wrongdoing.
Larry Morgan, the ACUA administrator who issued and lifted the suspensions, resigned March 24. Earlier this week, Morgan told CU Times his decision was based on several factors, including the desire to spend more time with family and the amount of time required to handle complicated issues like lawsuits involving Alabama One.
Lloyd Moore, deputy administrator of the ACUA, was appointed interim director of the state agency, according to a spokesperson for Alabama Gov. Robert Bentley.