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Former CU CEO named to Ala. CU Administration top post
BIRMINGHAM, Ala. (2/8/11)--Alabama Gov. Robert Bentley appointed former APCO CU CEO Larry Morgan as administrator of the Alabama Credit Union Administration (ACUA) on Feb. 3.
Click to view larger image Alabama Gov. Robert Bentley (left) appointed Larry Morgan former CEO of APCO CU in Birmingham, Ala., (center) as administrator of the Alabama Credit Union Administration, Feb. 3. Patrick La Pine president/CEO of the League of Southeastern Credit Unions is pictured on the right. (Photo provided by the League of Southeastern Credit Unions)
Morgan brings credit union experience to the office, including running the Birmingham, Ala.-based APCO, which is the largest state-chartered credit union in Alabama with more than $1.8 billion in assets and more than 60,000 members. He also served on the ACUA advisory board from 2005 to 2011, and worked for the Alabama Credit Union League, now the League of Southeastern Credit Unions (LSCU). “Gov. Bentley’s appointment of Larry Morgan as administrator of the ACUA gives great confidence to Alabama credit unions,” said LSCU President/CEO Patrick La Pine. “Larry understands credit unions in Alabama and the regulatory issues facing them, which means that he will provide a steady and fair hand with the ACUA. The LSCU looks forward to working with Larry to improve the operating environment for credit unions.” ACUA is the regulator for credit unions chartered under the laws of Alabama. The administrator of this agency is the CEO of the administration, and is appointed by the governor’s office and confirmed by the senate. Earlier this year, current Administrator Glenn Latham informed Gov. Bentley that he would not seek a reappointment. “The league would also like to recognize and thank outgoing ACUA Administrator Glenn Latham for his years of service to credit unions in Alabama,” La Pine said. Morgan’s term runs through Feb. 1, 2015. His appointment has been sent to the Alabama Senate for confirmation.


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