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Carruth Fights to Reclaim Alabama One

Appeal asks the ACUA to show cause for the decision to conserve the credit union within two weeks.

By Natasha Chilingerian | Updated on September 09, 2015

John Dee Carruth, the former president/CEO for the conserved Alabama One Credit Union of Tuscaloosa, Ala., has filed a formal appeal against the Alabama Credit Union Administration and its administrator, Sarah Moore, pressing them to show cause as to why the ACUA should not relinquish control of the credit union and its assets.  

According to the appeal, filed in the Circuit Court of Tuscaloosa County Tuesday, Carruth wants the ACUA to show cause before the court within two weeks of the complaint’s filing, return the credit union to the possession and control of Alabama One’s board of directors, reinstate the board and all other employees who were terminated upon its conservatorship, and award court-determined monetary damages “as a result of the ongoing harm and losses sustained by the credit union during the period of the 2013 suspensions through the present as a result of the ACUA’s control and conduct.”

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Natasha Chilingerian

Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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