Two former Connecticut credit union executives claimed they were fired in retaliation for exposing alleged fraudulent financial reporting practices. And, they claimed the funds paid the CEO’s bonuses and a monthly retirement allotment of more than $45,000.

Former CFO Timothy Ross and Shannon Hall, vice president of lending for the $387 million Nutmeg State Financial Credit Union in Rock Hill, Conn., filed the wrongful discharge and defamation civil lawsuit on May 31 in Connecticut Superior Court.

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Peter Strozniak

 

Credit Union Times

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