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After the former president/CEO was dismissed last August following a state-ordered conservatorship of the $589 million Alabama One Credit Union, the Tuscaloosa, Ala., cooperative announced Wednesday that William (Bill) C. Wells II was named its new president/CEO.

Eight months ago, Wells took over the credit union as an “agent for the conservator” managing the day-to-day operations. Former Alabama One President/CEO John Dee Carruth and other former credit union employees and board members were dismissed in August. They are suing the Alabama Credit Union Administration, the state’s regulator.

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Peter Strozniak


Credit Union Times

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