As of the end of May 2015, the $613 million, 60,000-member Alabama One Credit Union has lost $2.7 million, according to a financial report that the credit union posted in its branches.
A member of the Tuscaloosa, Ala.-based credit union provided a copy of the report to CU Times.
According to the report, the credit union's net loss as of May 31 stood at negative $2,713,342. In comparison, income as of the end of May 2014 stood at positive $1,433,908, according to the credit union's report.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
