CEO Fired in Continuing Upheaval at Polish & Slavic FCU

BROOKLYN, N.Y. – The ongoing turmoil at Polish & Slavic FCU, one of the largest immigrant-based credit unions in the country, resulted in the ouster of the $1 billion credit union’s embattled CEO, credit union officials said yesterday. The board, which has fended off recent recall attempts and been involved in constant internal intrigue since NCUA’s takeover seven years ago, fired president and CEO Alicja Malecka on Tuesday night. The reason for the ouster was unclear last night but Alex Storozynski, vice chairman of the board, attributed the ouster vote to the ongoing infighting. It's politics, Strorzynski, who voted against the ouster, told The Credit Union Journal yesterday. My own personal opinion is Miss Malecka did a good job as (CEO). The credit union, which serves this city’s vibrant Polish emigree community, has been beset by political intrigue since NCUA put it into conservatorship in 1999, then installed its own board of directors.