Former credit union manager Debra C. Pyfrom pleaded guilty Monday in U.S. District Court in Paducah, Ky. for embezzling more than $600,000 from the $6.3 million International Brotherhood of Electrical Workers Local 816 Federal Credit Union, according to federal prosecutors.

In June 2014, she admitted to Kentucky police detectives and NCUA auditors that she stole more than $100,000 over two years. At the time of her arrest and initial theft charges in July, an audit of the credit union's finances was under way.

However, it wasn't until a year later in May 2015 when federal prosecutors finally filed an indictment against Pyfrom that accused her of stealing more than $600,000. The theft occurred between February 2006 and July 2014.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.