Lawsuit settlement. Lawsuit settlement. (Source: Shutterstock)

New Hampshire’s largest credit union, the $3.6 billion Service Credit Union, reached an out-of-court settlement with Gordon Simmons, one of the industry’s most successful CEOs who quickly fell from grace after the board of directors accused him of financial and sexual improprieties.

Debra Weiss Ford, one of the attorneys representing the Portsmouth-based SCU, advised U.S. District Court Judge Paul J. Barbadoro in Concord that the case was settled with the former CEO, according to an Aug. 16 court filing. No details about the settlement were filed.

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