Credit union agrees to lawsuit settlement. Credit union agrees to lawsuit settlement. (Source: Shutterstock)

A California credit union will pay $450,000 to settle a sex, age and retaliatory discrimination lawsuit brought by three former women executives after they applied for the CEO position for which a younger man was hired with no prior credit union experience, the U.S. Equal Employment Opportunity Commission said Friday.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 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 Management