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LaPine and Latham Turn Back the Clock

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.

By Heather Anderson | Updated on August 11, 2009

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.

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