Prison sentence for former credit union employee.
Former credit union employee Julie Ann Turk was sentenced to two and half years in federal prison last week by a U.S. District Court judge in Allentown, Pa. for embezzling more than $600,000 from the $66.3 million Allentown Federal Credit Union.
Federal Judge Jeffrey Schmehl ordered Turk, 46, of Slatington, Pa. to pay $641,637 in restitution and serve five years of supervised release following her prison term.
In March 2018, she pleaded guilty to five felony counts of bank fraud, embezzlement and money laundering.
Federal prosecutors said Turk held several positions, including teller, Master Card coordinator, teller supervisor and general ledger coordinator at the Pennsylvania credit union, which gave her access to general ledger accounts and member accounts.
From January 2009 to April 2016, Turk created fake credit union fees, debited them from AFCU's general ledger account and then credited the fees to her personal credit union account or into member accounts that were dormant or had very little activity, according to court documents.
Turk also stole money from member accounts. She was able to conduct these transactions using her teller number and other co-workers' teller numbers and passwords, federal prosecutors said.
Court documents show Turk stole $159,023 from the credit union's general ledger account, $209,984 from AFCU member accounts and $272,630 from general ledger accounts that was passed through to various member accounts.
Some of the stolen funds were deposited into accounts of Turk's relatives.
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
Already have an account? Sign In Now
© 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.
