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Alabama One Board: An Inside Look at the Conflict

TUSCALOOSA, Ala. Former Alabama One board members recount a questionable extension of the CEO's contract.

By David Morrison | Updated on June 11, 2015

TUSCALOOSA, Ala. – In the fall of 2011, well before the latest round of regulatory and legal actions surrounding the $602 million Alabama One Credit Union in Tuscaloosa, Ala., three former members of the credit union’s board met with officials from both the NCUA and Alabama Credit Union Administration to share their experiences at the controversial credit union, the former board members said.

The NCUA’s Region III director Myra Toeppe attended the meeting, as did the NCUA’s problem case officer Kim Brown, then ACUA Administrator Larry Morgan and an ACUA examiner named Robert J. “Jeff” Russell.

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