Former Credit Union CEO Embezzled $2 Million, Federal Prosecutors Allege

Stacey Shaw used IBEW Local Union 712 FCU credit cards to rack up cash advances and charges, court documents reveal.

By Peter Strozniak | March 18, 2021 at 04:00 PM

Starting in May 2017, five months after she became president/CEO of a Pennsylvania credit union, Stacey Shaw opened credit cards issued by IBEW Local Union 712 FCU and allegedly made more than $2 million in charges and cash advances through March 2020, according to federal prosecutors.

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