REGULATING AGENCY: Alabama Credit Union Administration
- Greg McClellan, Administrator
- Lloyd Moore, Assistant Administrator
- Website: acua.alabama.gov
LEAGUE: League of Southeastern Credit Unions & Affiliates, Alabama Credit Union Association (ACUA)
- Patrick La Pine, Chief Executive Officer
- Samantha Beeler, President
- Website: lscu.coop
- Stats and Resources
PRIVATE SHARE INSURANCE: YES
- Largest SCU: APCO EMPLOYEES $3.55B in assets
- Largest FCU: REDSTONE FCU $7.40B in assets
|Second Quarter 2023||SCUs||FCUs||Total CUs||% of SCUs/Total|
|Total Credit Unions||52||44||96||54.17%|
|Credit Union Members||1.31M||1.3M7||2.68M||48.95%|
|Credit Union Assets||$19.32B||$15.27B||$34.60B||55.85%|
The first Electric Trolley System in the world was brought to life in Montgomery in 1886.
April 14, 2023 — The Texas State Securities Board joined the Alabama Securities Commission and the Montana Securities Commission in filing enforcement actions to stop a fraudulent artificial intelligence investment scheme. The actions accuse YieldTrust.ai and Stefan Ciopraga of illegally soliciting investments tied to a decentralized application (dApp) that purportedly uses quantum artificial intelligence to trade digital assets. The initial scheme recently collapsed, and the respondents are now allegedly perpetrating a Ponzi scheme by raising capital from new investors to cover withdrawals from previous investors. Read more
Click here to take a look at the stories that have been collected over the years in Alabama.
What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!