The next showdown between the credit union and its regulator will begin on June 9 in Montgomery, Ala.
Three county schools await the outcome of a loan request for a collateralized sewage treatment plant.
The credit union calls for a prison meeting with Butler; Alabama One execs must share the blame, Butler says.
Could the ACUA have stepped in to prevent some of the Alabama One damage?
The state regulator tells the $613 CU its cease and desist order is a last chance to avoid conservatorship.
Assets go up, but income shows a loss and equity keeps sliding.
The $613 million credit union argues the ACUA's cease and desist order should be voided.
ACUA also orders Alabama One to discontinue business lending, fix SARs and remove conflicts of interest.
CEO says visit was routine. Member reports regulators refused to sign in at front desk.
Sammy Colburn says he was asked to drop off checks to certain executives, sometimes after hours.