A former credit union president/CEO was indicted last week for allegedly embezzling nearly $50,000 from a Pennsylvania cooperative.
Lisa Hauptman allegedly embezzled the funds from November 2011 to May 2015 while serving as the president/CEO of the $19.5 million Oil Country Federal Credit Union in Titusville, Pa., federal prosecutors charged.
The indictment, filed in U.S. District Court in Erie, Pa. on Oct. 13, does not state how or why Hauptman allegedly embezzled $47,600 over three and a half years.
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Bambi L. Reed, vice president of operations for Oil Country FCU, declined to comment when reached by CU Times Tuesday.
Hauptman is scheduled to appear before a federal judge in Erie on Oct. 27.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
