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Top News Links: Friday, Aug. 28

State takes over Alabama One, cites $11M loss

Alabama's sixth-largest credit union is now under the control of the state. The Alabama Credit Union Administration board voted on Thursday to take over Alabama One Credit Union and its $600 million in assets due to financial mismanagement. All told, the Tuscaloosa-based credit union, which has more than 60,000 members, lost more than $7.8 million last year and $3.18 million more during the first six months of this year, according to the ACUA's conservatorship order. – AL.com

First charter schools not expected until 2017

Alabama won't see its first charter schools until 2017, state officials said during the first meeting of the Alabama Charter School Commission on Thursday. "It seems to me it's going to be very difficult for anyone to come along with a successful application within a year," said Ed Richardson, the newly-elected chair of the 11-member commission. – Anniston Star

Alabama Credit Union wins Austal on-site spot

Mobile-based Austal USA has selected Alabama Credit Union to deliver financial services to its over 4,000 employees. Alabama CU was selected from a field of nearly a dozen credit union alternatives based on a proposal that included the provision of financial services on site for employees. – CU Insight

Pieology opens first Birmingham location

Pieology, a California-based pizza chain that serves design-your-own pizzas with unlimited toppings, opens its first Birmingham location today at the Summit. The restaurant is at 325 Summit Blvd., in the former Michelson Laser Vision space between Steel City Pops and Zoe's Kitchen near the Carmike Summit 16 theater. – AL.com

CenturyLink hooks up 48,000 rural sites

More than 48,000 rural households and businesses in Alabama will have access to high-speed Internet services, global technology company CenturyLink announced Thursday. The complete plan will affect 1.2 million households and businesses in 33 states. – AL.com

State budget crisis may close 15 parks

Over the last four years, Alabama’s Department of Conservation and Natural Resources (DCNR) has been subjected to $27,186,072 million in funding transfers to the Alabama General Fund budget. As Greg Lein, director of Alabama State Parks, explained on Thursday morning, if these funding diversions continue, it could lead to the closure of up to 15 parks in Alabama. – Weld

IberiaBank names Mobile leadership team

IberiaBank, the 128-year-old subsidiary of IberiaBank Corporation, has named Ken Brown as executive vice president and market president for Mobile. Additionally, Lawrence “Russ” G. Ford Jr. will serve as executive vice president and regional commercial manager, and J. Luke Spaulding will serve as vice president and commercial relationship manager. – News release

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