The $18.6 million Wallingford Municipal Federal Credit Union has settled its three-and-a-half- year legal battle with a former accounting clerk. Naomi Odell had successfully sued the Wallingford, Conn., cooperative for seizing her $13,801 Social Security disability benefit to repay a bad loan; however, the credit union had appealed the verdict.

“I don’t want to discuss the specific terms of the settlement, but my client views it as mutually beneficial,” said Erich H Gaston, a Waterbury,Conn.-based lawyer representing the credit union. “It (the settlement) was a substantial payment made by the liability insurer, and my client also made a contribution. Obviously, my client would have preferred to win the case outright, but sometimes the more prudent thing to do is to settle the case.”

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Peter Strozniak


Credit Union Times

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