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 Credit Union Administration has lifted suspensions on three employees from the $608 million Alabama One Credit Union as it continues to investigate member claims of loan fraud.
The Alabama One CU, target of a fraud investigation, says the ACUA was manipulated by trial lawyers when it suspended, then reinstated, four employees.
Members claim four employees at the $608M credit union, including the CEO and COO, committed loan fraud to avoid overexposure to one member.