The Virginia credit union had been placed under conservatorship by the NCUA in April.
John Dee Carruth speaks candidly about the political forces he says are working against Alabama One.
The state regulator tells the $613 CU its cease and desist order is a last chance to avoid conservatorship.
The conservatorship follows a December 2014 cease and desist order from the agency.
Credit union's net income under conservatorship almost four times higher.
The $117M cooperative’s net income quadruples as loans reach the $4M mark.
Venerable credit union leader dies Monday at the age of 72 after battling colon cancer.
The $238 million AEA Federal Credit Union in Yuma, Ariz., reported net income of $3.8 million for 2014, while operating under a conservatorship.
A former Alabama credit union president/CEO allegedly stole $14 million.
The $1.4 billion Texans Credit Union, operating under a conservatorship, posted year-end net income of $21.7 million for 2014.