Former credit union CEO files wrongful discharge lawsuit.

A CEO is suing her credit union and its board chair, a North Carolina state representative, who allegedly engineered her termination, cursed, yelled and belittled her at board meetings and claimed that he was responsible for the credit union’s financial turnaround during the annual membership meeting in March.

Betty Eileen Donovan, 64, who worked at the $55.4 million Bragg Mutual Federal Credit Union for more than 30 years and was appointed its president/CEO in November 2015, filed a federal lawsuit last week in a U.S. District Court claiming the Fayetteville, N.C.-based cooperative discriminated and retaliated against her which led to the former executive’s wrongful discharge in February.

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Peter Strozniak


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