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CU System
LSCU welcomes Redstone FCU as an affiliated CU
TALLAHASSEE, Fla., and BIRMINGHAM, Ala. (6/3/10)--The League of Southeastern Credit Unions (LSCU) is welcoming Redstone FCU--Alabama's largest credit union--as an affiliate. The Huntsville, Ala.-based, $2.6 billion asset credit union rejoins the league after a seven-year absence. Redstone FCU's board of directors and management agreed on May 27 to officially rejoin the LSCU and the Credit Union National Association (CUNA), effective June 1. "The experience of [Redstone] CEO Joe Newberry and his staff is invaluable," said LSCU President/CEO Patrick La Pine. "The amount of lobbying, innovative lending, and trust the Redstone name brings to the credit union movement will only enhance all of our credit unions in Alabama and Florida," he added. Newberry said Redstone is "proud to be associated with" the league. "Under the leadership of Patrick La Pine, the LSCU will be doing great things for the credit union movement over the coming years, and Redstone is excited to be a part of this." He added that Redstone is looking forward "to playing an active role within the league to help ensure the continued vibrancy and growth for the credit union movement." The reaffiliation also provides CUNA with additional resources, which will be handy with the amount of legislation being discussed in Washington, D.C., that could affect credit unions. "It is great to again have Redstone FCU as a CUNA/LSCU affiliate," said Dan Mica, president/CEO of CUNA. "Our voice in Washington will be even stronger with Redstone's involvement. We appreciate the board and management's decision and the confidence it expresses in all our abilities." Newberry noted that "With the recent financial problems within our banking system and subsequent ongoing debate in Washington over reform and re-organization of the nation's financial systems, it is crucial that the credit union voice is heard in this debate. "There is no greater impact than having credit unions speak with a unified voice. As a member of the LSCU, Redstone joins with more than 330 other member credit unions of Alabama and Florida to represent the interests of our membership," he added.


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