Saturday, June 27, 2015
Problem Alabama CU Merged into Mutual Savings CU
The National Credit Union Administration in May approved the merger of Secure First Credit Union (Birmingham, AL) into Mutual Savings Credit Union (Birmingham, AL).
The reason cited for the merger was poor management.
On March 17, Secure First was placed under an enforcement order by the Alabama Credit Union Administration (see blog post).
The reason cited for the merger was poor management.
On March 17, Secure First was placed under an enforcement order by the Alabama Credit Union Administration (see blog post).
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