Sole CU Employee Jailed For $2.6 Million Embezzlement

by Ed Roberts

January 18, 2013

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TEMPERANCE, Mich. – The manager and sole employee of tiny United Catholic CU was sentenced yesterday to 45 months in prison for stealing $2.6 million over more than 30 years from the now-failed credit union, which never claimed more than $500,000 in assets.