Alabama Seeks New Loan for Convicted Fraudster

They say truth is stranger than fiction and that certainly appears to be the case with Alabama One Credit Union, which has been much in the news lately due to a large fraud and a cease and desist order from NCUA.  Now the credit union is drawing more attention by asking the state regulators and NCUA for permission to make a $120,000 business loan to Danny Butler, who is in federal prison for fraud and check kiting. [5/13/15]