Mutual Savings Credit Union of Birmingham

• Mutual Savings CU Uses Annual Confab to Tout Turnaround

  By Jim Rubenstein  |  April 21, 2011

  Failed Alabama CU says work remains on soured loans but organization is back in black.

• Ala. Conservatorship Ends

  July 28, 2010

  The $184 million Mutual Savings Credit Union of Birmingham has emerged from state conservatorship by restoring profitability and fixing its balance sheet, according to the Alabama regulator Glenn T. Latham.

• Still in Conservatorship, Mutual Savings Records First-Quarter Profit

  April 14, 2010

  The $183 million Mutual Savings Credit Union of Birmingham, Ala., placed into a controversial conservatorship by regulators a year ago, is on the mend and is recording a profit for the first quarter, president/CEO Douglas Key said last week.

• Still in Conservatorship, Mutual Savings Eyes First Quarter Profit

  By Jim Rubenstein  |  April 6, 2010

  The once-failed $183 million Mutual Savings Credit Union of Birmingham, Ala. is on the fast track to recovery, said President/CEO Douglas Key.

• Alabama Suit Settled

  By Claude R. Marx  |  January 27, 2010

  Alabama's top regulator and the former CEO and board of the failed $193 million Mutual Savings Credit Union of Birmingham have settled their legal dispute although the CU remains under state conservatorship.

• Suit on Failed Alabama CU Settled

  By Jim Rubenstein  |  January 19, 2010

  The legal clash from last October pitting Alabama's top regulator against the CEO and board of the $193 million failed Mutual Savings Credit Union of Birmingham, has been settled out of court, it was announced this week.