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CU System
Ex CU manager admits to theft avoids jail time
HINGHAM, Mass. (2/7/12)--The former manager of Hingham FCU received a suspended two-year jail sentence after confessing the theft of more than $100,000 from the credit union.

Joanne Taylor used her position as manager of the $46.5 million asset Hingham, Mass.-based credit union to remove money from members' accounts, which were later replenished with credit union funds (The Patriot Ledger Feb. 6).

The theft was discovered by a member whose funds had not yet been restored.

Prosecutors sought a one-year jail term for Taylor, who pleaded guilty to two counts of larceny of more than $250. Instead, Taylor was sentenced to the suspended jail term, five years of probation and restitution of $35,000, which represents the amount of stolen funds not covered by insurance.


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