CEO sues credit union & state representative for wrongful discharge
The former CEO is also suing those involved in the lawsuit under the NCUA’s whistleblower protections.
A CEO is suing her credit union and its board chair, a North Carolina state representative, who allegedly engineered her termination, cursed, yelled and belittled her at board meetings and claimed that he was responsible for the credit union’s financial turnaround during the annual membership meeting in March.
Betty Eileen Donovan, 64, who worked at the $55.4 million Bragg Mutual Federal Credit Union for more than 30 years and was appointed its president/CEO in November 2015, filed a federal lawsuit last week in a U.S. District Court claiming the Fayetteville, N.C.-based cooperative discriminated and retaliated against her which led to the former executive’s wrongful discharge in February.
What’s more, the lawsuit singled out John Szoka, the Bragg Mutual FCU’s board chair and a Republican state representative of North Carolina’s 45th district, which includes Cumberland County.
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