1718 Boyd v. Region 2B

Even though Boyd’s violation of the credit union’s policy appears to have been a relatively minor transgression, credit unions are a special category of employer. A credit union must enforce strict standards of honesty because of the large sums of money involved in its operation and the strict government regulation applied to such a business. Boyd signed a statement she knew to be false, which led to the revocation of her bond. Boyd could not continue in her job at the credit union unless her bond was restored. The union did not have a great deal of leverage in negotiating a monetary settlement with the credit union because the chance of obtaining Boyd’s reinstatement through arbitration was slim. Under the circumstances, Representative Draper’s decision to accept the amount offered by the credit union to settle Boyd’s case was rational.