Thawed Turkey Worried About Bacteria
As long as the turkey stayed reasonably cold throughout its hour outside the fridge, you should be fine. Safety regs usually state that meat should not be at room temperature for more than 2 hours throughout its 'lifetime'. As you defrosted in the fridge and then under cold running water for an hour, and assuming you placed it straight back in the fridge, you should be pretty safe.

Be wary of any sliminess or bad smells prior to cooking, and use a meat thermometer to ensure the meat has reached 170F/75C in the thickest part before eating.