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Former CU Employee Bilks Members' Accounts

Louisa Gabaldon pleads guilty to withdrawing $118,000 from accounts at Belen Railroad Employees Credit Union.

By Peter Strozniak | Updated on October 27, 2014

A former credit union employee pleaded guilty to bank fraud in U.S. District Court in Albuquerque, N.M., last week and admitted to using members’ accounts to pay debts and place a down payment on a house.

Louisa Gabaldon, 43, who previously worked at the $23 million Belen Railroad Employees Credit Union in Belen, N.M., admitted to making more than $118,000 in withdrawals from members’ accounts without their authorization, according to court documents.

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Peter Strozniak

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