Assistant Manager Jailed In CU Fraud

Published May 02, 2013, 8:10 p.m. EDT

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Updated August 26, 2020, 10:20 p.m. EDT

1 Min Read

PITTSBURGH A former assistant manager of defunct Lawrence County School Employees FCU was sentenced to 30 months in federal prison and ordered to repay nearly $223,000 for her role in an embezzling scheme that also saw her former boss, the CEO of the $7-million New Castle, Penn., credit union, convicted.

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Stacy Attisano pleaded guilty in December to embezzlement and four counts of tax evasion.

The credit union’s former manager, Holly Cowan, in January was sentenced to 15 months in prison and ordered to repay $223,000 to CUMIS Insurance Society.

CUMIS also won a default judgment of $51,000 against Attisano.

CUMIS claimed in a separate civil suit that Cowan and Attisano embezzled about $811,000 by steering money into an account through falsified deposits and loan payments.

The two women were the credit union’s only employees. After the embezzlement was discovered, the credit union was placed in involuntary liquidation by NCUA in March 2010.

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