Whistleblower Suit Airs CU's Dirty Laundry
South Florida Federal Credit Union and Maggie Martinez, president/CEO of the $35 million Miami co-operative, are being sued in federal court by two former employees who allege they were fired for cooperating with a NCUA investigation.
The lawsuit, filed Sept. 5 by Christine Redmond, who was South Florida’s director of marketing, and Tanishal Harris-Darden, former operations manager, includes allegations of sexual misconduct, nepotism and NCUA violations.
The lawsuit also contends that South Florida FCU violated numerous NCUA regulations, including those that prohibit compensating board members.
Following the NCUA investigation, South Florida FCU filed an application Oct. 2 to convert to a state charter, according to the Florida Office of Financial Regulation’s Division of Financial Institutions.
But the state received a written request from Martinez to withdraw the application in late December, state officials said.