SHEBOYGAN FALLS, Wis. – The former manager of Midwest CU on Monday was sentenced to a year in jail for stealing $180,000 from the $4-million credit union and threatening its future.
Sarah Gora, 33, was ordered to pay $91,547 in restitution and will be granted work release while in jail, with a portion of her wages going to restitution.
Gora, the credit union’s only full-time employee, was charged earlier this year after the credit union for Piggly Wiggly grocery stores conducted an audit that found she had stolen money, falsified loan documents and used a company credit card to buy personal items and take vacations while serving as the credit union’s president.
The missing money was discovered during multiple audits launched beginning in December 2010, after discrepancies were found in credit union accounts and Gora was noted to be spending large amounts of money on herself.
The audits found that Gora took $150,000 that was supposed to be invested for the credit union and instead deposited it into her own personal account at another credit union. She also skirted credit union rules to double the credit limit on her Midwest CU-issued credit card from $2,500 to $5,000 and used it over those years to make more than $62,000 in unauthorized charges for items ranging from furniture and food to Victoria’s Secret purchases.