Alabama Story Archive

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.

What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!