A lawsuit by a credit union CEO who alleged he had been fired because he failed to follow his board's discriminatory policies has been dismissed amid reports he settled for $1.5 million.
The U.S. District Court for New Jersey dismissed the case of Oskar Mielczarek vs. Polish & Slavic Federal Credit Union “in its entirety with prejudice and without costs or attorney's fees,” according to court records.
Mielczarek, who had served at the 78,000-member, $1.5 billion credit union for almost exactly one year before he was fired in 2012, alleged in court that the credit union had fired him because he failed to go along with a policy of only hiring Poles or people who spoke Polish.
The credit union denied the charges and the case remained alive in court until the settlement was filed on May 17.
Although the terms were not specified in the record, the Polish language press is reporting that the credit union settled with Mielczarek for $1.5 million, but those media outlets stressed that the credit union declined to comment on the case.
Neither party has yet returned calls for comment from Credit Union Times.