Birmingham Financial Federal Credit Union

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Birmingham Financial Federal Credit Union was a financial institution headquartered at 1600 20th Street South in Birmingham.

Founded in 1956, Birmingham Financial was most recently run by officials with Birmingham Heath Care, including Jonathan Dunning. The credit union, serving 429 employees of BHC was taken over by regulators with the National Credit Union Association on October 27, 2011 due to insolvency, poor management, and conflicts of interest. Immediately after the takeover, control of the credit union was moved to Benjamin Teske of America's First Credit Union, and in December the assets and 350 accounts were sold to eCo Credit Union.

References

  • Oliver, Mike (July 1, 2012) "Regulators point to poor management and "serious conflict of interest" in Birmingham credit union meltdown." The Birmingham News