The Alabama Credit Union Administration and NCUA have required the troubled $602 million Alabama One Credit Union to replace its CEO, COO and chief lending officer.
Those instructions came in a wide-ranging April 2, 2015 cease and desist order the ACUA published on its website on April 24. The NCUA affirmed the order. Officials from the ACUA and NCUA visited Alabama One headquarters Thursday during the cooperative's board meeting.
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