Pennsylvania Woman Admits Western NY Credit Union Thefts
BUFFALO, N.Y. (AP) — A western Pennsylvania woman has pleaded guilty to stealing $180,000 from the upstate New York credit union that she managed for 20 years.
The U.S. Attorney's Office in Buffalo says 57-year-old Norma Gold, of Eldred in McKean County, pleaded guilty this week to false entries in federal credit union reports.
Gold started working at the Olean (OH'-lee-an) Tile Employees Federal Credit Union in 1986. Officials say as office manager she was responsible for keeping accurate financial records for the credit union.
Authorities say during a five-year period beginning in December 2007 she embezzled funds, made false business entries and altered financial statements to cover the thefts. The pilfering of the credit union funds eventually forced it to close.
She faces up to 30 years in prison and a $1 million fine when she's sentenced Dec. 21.