Alabama

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 (CUToday.info).

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.

Florida, Alabama Credit Unions Recognize Lawmakers
April 13, 2015 – The Florida Credit Union Association and the Alabama CU Association handed out their 2014 Lawmaker of the Year awards in their respective states.

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.

Five Star CU Gets NCUA’s Final OK to Buy Flint River Bank
May 28, 2014 – Dothan, Ala. – The National Credit Union Administration Wednesday approved the sale of Flint River National Bank to $260 million Five Star CU, and the deal is scheduled to close in early June.

MAX Credit Union Hosts Grand Opening for New Wetumpka Branch
May 14, 2014 – Montgomery, Ala. – MAX Credit Union hosted a grand opening for its new state-of-the-art branch in Wetumpka May 14. The full-service branch features lobby and drive-thru service. It also features the latest in modern design and technology with a concierge to assist customers as they enter the branch, a technology bar stocked with the latest mobile devices and MAX mobile technology, and a MAX Perks refreshment center.

 

 

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