John Dee Carruth, CEO of Alabama One, speaks out about his temporary suspension, lawsuits against the credit union and a short annual meeting.
Larry Morgan says he'd rather spend time with family. Gov. Bentley appoints an interim ACUA head. Attorneys in Alabama One lawsuits also speak.
The Alabama One CU, target of a fraud investigation, says the ACUA was manipulated by trial lawyers when it suspended, then reinstated, four employees.
The former chair of the NCUA, JoAnn Johnson, is going back to supervising credit unions. Johnson was named last week by Iowa Gov. Terry Branstad as the state's new superintendent in the Iowa Division of Credit Unions.
Alabama Gov. Robert Bentley, a Republican, has appointed former APCO Employees Credit Union CEO Larry Morgan as the state's top credit union regulator.