BIRMINGHAM, Ala. – State regulators said yesterday they have hired Douglas Key, a long-time credit union attorney, as CEO of Mutual Savings CU, the $200 million credit union taken under conservatorship July 31.
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At the time of the state takeover the board and management of Mutual Savings were removed.
Key is a partner in the Pelham lawfirm of Key, Greer, Frawley, Key & Harrison and has worked with credit unions for more than 35 years.
"Key has a wealth of experience in this industry and will have a positive impact to the credit union," said Alabama CU Administrator, T. Glenn Latham. "Douglas, along with the help of seasoned staff, will work to lead the credit union back to a healthy and growing state."
