Checks obtained in scheme were cashed at branches of Redstone FCU and Regions Bank, feds say.
Charles L. Ray Jr., chair of the board of directors of Redstone Federal Credit Union from 1983 until 2011 died recently.
Alabama credit union leader also was educator, civic leader and civil rights advocate.
A new report from the Center for Financial Services Innovation suggests that products and services marketed to unbanked and underbanked consumers could represent a huge and growing market for the nation’s credit unions.
Credit opens check casher to help serve lower income community.
Alabama credit union says the difference lies in how operation will work to move customers to membership, traditional savings and credit products.
Vendor closure follows hard on heels of announcement of PC replacement project under way at Redstone FCU.
Creating and sharing, for sale, its in-house development work has earned the $3.4 billion Redstone Federal Credit Union the 2012 Model Bank Award from research consultancy Celent.
A night on the town, complete with limo, was the grand prize for 14-year-old Michael Nolin from Redstone Federal Credit Union.
Alabama credit union feted by Celent for use of Open Solutions' DNAapp store to develop and market core platform extensions.