Connecticut CU Loses $200,000 Ruling for Taking Social Security Benefits
A former employee and member of the $18.6 million Wallingford Municipal Federal Credit Union was awarded more than $200,000 after a judge ruled the Wallingford, Conn., cooperative committed theft when it seized the woman’s $13,801 Social Security disability benefit.
However, Manager/President Richard T. Cassello said the credit union will continue to defend itself and hasn’t ruled out appealing the decision.
“The credit union is weighing its options and intends to vigorously defend its position, including by way of appeal,” he said.
Credit union attorney Michael T. McCormack of law firm Hinckley Allen in Hartford, Conn. said any appeal would be filed by Aug. 28. McCormack declined to comment on the grounds for the appeal.