Alabama Story Archive

LSCU Board of Directors Reinvests More Than $1 Million to Strengthen the Credit Union Movement

December 15, 2021 / BIRMINGHAM, AL – Last week, the League of Southeastern Credit Unions’ (LSCU) Board of Directors approved reinvesting more than $1 million into programs that are paramount to credit unions future success and the communities they serve. This will be the second value transfer in 2021, totaling more than $2 million reinvested in a single calendar year.

“One of the objectives for LSCU’s for-profit holding company, Affiliates Consolidated Services (ACS), is to ‘directly or indirectly provide value back to parent company and its shareholders’”, stated LSCU & Affiliates CEO, Patrick La Pine. “These value transfers provide additional resources targeted at LSCU identified strategic priorities that will fuel future growth for our member credit unions. These allocations will undoubtedly enhance the credit union community as a whole and advance our legislative priorities both at the state and federal level.”

“We are committed to providing resources and programs that provide value back to our credit unions, especially as they continue to navigate the lingering effects of the COVID-19 pandemic,” said Kevin Johnson, LSCU Board Chair and President/CEO of Suncoast Credit Union. “As we transition into 2022, LSCU & Affiliates is proud to share in our financial success with member credit unions to their benefit. We are stronger together.”


League of Southeastern Credit Unions & Affiliates Honors 2 Birmingham Credit Unions with Credit Union National Association’s Statewide Awards

July 28, 2021 – The League of Southeastern Credit Unions & Affiliates (LSCU), through the Credit Union National Association’s (CUNA) award platform, recently recognized two Birmingham-area credit unions for outstanding outreach to their members and communities.

Southeastern credit unions help people afford life in a variety of ways and, each year, CUNA provides LSCU with a way to recognize these efforts with a statewide awards program. The program features four awards, which credit unions compete for within categories based on asset size. The Dora Maxwell Social Responsibility Community Services Award commends a credit union for its outstanding efforts in community projects. The Louise Herring Award for Philosophy in Action honors credit unions that are making exceptional efforts to include credit union philosophy into daily operations.

And the Desjardins Financial Education awards celebrates leadership in both youth and adult financial literacy initiatives.


ēCO Credit Union celebrates Gardendale Branch Open House and Ribbon Cutting

Author: Lizeth George; Southeastern CU News

BIRMINGHAM, Ala. — On Tuesday, May 18, ēCO Credit Union partnered with the Gardendale Chamber of Commerce to host an Open House and Ribbon Cutting. The branch is located at the same site as the former location: 1233 Pecan Avenue, Gardendale, AL 35071. The full-service location offers lobby and drive-thru service.

From savings accounts to loans, ēCO Credit Union offers a large variety of products and services. Accounts at ēCO Credit Union are available to anyone who lives, works, worships, or attends school in Jefferson, Shelby, Cullman, Walker, or Blount county. With a combined fifty years of service to ēCO Credit Union and its members, the four-person team at the Gardendale branch is experienced and excited to continue providing excellent member service at the new branch.


Alabama credit unions continuously provide financial aid for members during COVID-19 pandemic
February 22, 2021 — Birmingham, AL — Credit unions in Alabama have continued to work tirelessly to help members through the financial realities of the COVID-19 pandemic. The Alabama Credit Union Association (ACUA) – the division of the League of Southeastern Credit Unions & Affiliates (LSCU) representing Georgia credit unions – has surveyed credit unions in the state three times since the onslaught of the COVID-19 pandemic. The results quantify the ways in which the state’s credit unions have helped consumers through this uncertain time. With 24% of credit unions responding, ACUA’s surveys yielded impressive findings.

Bill setting up 18-mo. Exam cycle for well-run CUs heads to governor
May 2, 2017 — Legislation that extends the exam cycle to 18 months for well-run credit unions has been sent to Gov. Kay Ivey (R) for her signature. The measure gives the Alabama Credit Union Administration the ability to exam healthy credit unions on an 18-month cycle as opposed to the current statutory requirement of 12-months (

Alabama CU Act update heads to governor’s desk
March 24, 2016 — The Alabama House passed the Alabama Credit Union Update (SB 209), March 23 by a unanimous vote of 104-0, clearing the bill’s path for governor’s signature into law (LSCU Blog).

Alabama conserves CU with nearly $600 million
Aug. 27, 2015 — Montgomery, AL — 
Alabama One Credit Union, with nearly $600 million in assets and more than 60,000 members, was placed in conservatorship today “to enable the credit union to continue regular operations with experienced management” appointed by state regulators (subject to approval), and to “correct previous service and operational weaknesses.,” the Alabama Credit Union Administration (ACUA) announced.

Credit Unions Beat Banks in Customer Satisfaction, Report Says
November 18, 2014 – Credit unions are leading other financial services in customer satisfaction across the nation, according to a report released today by the American Customer Satisfaction Index (ACSI).

Alabama and Washington Earn NASCUS Reaccreditation
July 7, 2014 – The National Association of State Credit Union Supervisors (NASCUS) recently approved the reaccreditation of the Alabama Credit Union Administration (ACUA) and the Washington Department of Financial Institutions (DFI) Division of Credit Unions.

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