Facing an appeal of an 18-page cease and desist order next month, the $613 million Alabama One Credit Union in Tuscaloosa, Ala., has asked the Alabama Credit Union Administration and the NCUA to approve another loan for Danny Butler, despite the fact he is serving a sentence for fraud and check kiting at the federal correctional facility in Talladega, Ala.
The $120,000 loan in question would restore the sewage treatment plant, which is owned by Butler, owned to working order, ensuring continued sewer services to a handful of Fosters, Ala., residents but also to three schools in the surrounding area.
Butler, who according to his fiancée Paige Howard has been told he will be released in December, has retained ownership and control of the Fosters Water Treatment facility in Fosters, Ala., while bankruptcy proceedings have continued.
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