Glenn Latham, head of the Alabama Credit Union Administration, said he was among the first to learn the League of Southeastern Credit Union was questioning his regulatory action against Mutual Savings Credit Union. An e-mail to LSCU Board members, including the work e-mail address of recently dismissed Mutual Savings CEO Dale Dalbey who was treasurer of the board, was automatically forwarded to the regulator after the July 31 conservatorship.
However, both Latham and LaPine say they have agreed to "set the reset button" on their week-old business relationship.
LaPine told Credit Union Times he only meant to address the conservatorship as it related to his board member, particularly news regarding Dalbey's resignation from the board and his replacement. He said he has spoken to Latham about the issue, and said the league's official position is that it's not involved in MSCU's conservatorship.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
