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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.