Balko and Ukrainian National FCU Referred to Mediation
A whistleblower lawsuit filed by Christine Balko, former CEO of the $145 million Ukrainian National FCU, is headed to mediation. According to June 10 documents filed in U.S. District Court in New York, Balko and the New York-based credit union were referred to the court-annexed mediation program by Judge Andrew J. Peck. However, the mediation will have no effect upon any scheduling order issued by the court without leave of the court.
Balko filed the suit Feb. 27, claiming the credit union’s board retaliated against her after she reported to the NCUA board election bylaw and protocol violations, the purchase of prohibited investments and the misappropriation of funds by a branch manager. She claimed the retaliation caused her to suffer a heart attack and default on her mortgage loan.