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LARGO, Fla.-Pinellas FCU has fired its highly regarded CEO, Linda Reynolds, and frozen hundreds of thousands of dollars in her accounts along with her pending military pension amid allegations she embezzled funds from the $85-million credit union.
In a countersuit, Reynolds strongly denies the allegations.
The Nov. 1 firing came just six months after the credit union, under Reynolds' direction, was named NAFCU's Credit Union of the Year under $150-million in assets, and two years after Reynolds herself was lauded as the group's CEO of the Year.
Court documents filed in relation to the dismissal show Reynolds was terminated and told to leave the credit union's premises on Nov. 1 after 15 years as CEO, and all of her accounts were frozen, including wages owed, military retirement...