The Alabama Credit Union Administration found the Alabama One Credit Union of Tuscaloosa and/or “one or more of the Credit Union’s officers, directors, committee members or employees… have engaged in unsafe or unsound practices and violations of law, rule or regulation, have committed fraudulent or questionable practices in the conduct of the Credit Union’s business, and have violated conditions duly imposed in writing by the Administrator.”
The credit union was ordered to cease and desist from numerous “unsafe and unsounds practices and violations of law and regulation.”
