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.
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