ACUA also orders Alabama One to discontinue business lending, fix SARs and remove conflicts of interest.
According to a Birmingham lawyer, executives' goals were to make Butler loans acceptable to regulators.
Court records and sources familiar with an unfolding situation at Alabama One Credit Union said the NCUSIF and NCUA may soon face a regulatory failure.
There was no shortage of news in CU Times’ virtual newsroom this past week.
Plaintiff claims widespread flouting of lending rules and regulations, also admits to unprofessional behavior.
Maybe the NCUA needs to expand the share insurance fund because it can't effectively regulate its insured institutions.
Members discover $22,500 missing from HELOC when they attempt to pay son's college tuition.
John Dee Carruth says Alabama One employees plead the fifth amendment when subpoenaed to testify.
Credit union member alleges credit union pressured him to recant his complaint to authorities in straw loan scandal.
Will Jerry Logan retake a seat on the board of the $602 million Alabama One Credit Union?