DALLAS The former president and sole employee at Women’s Southwest FCU, a tiny feminist credit union shuttered by NCUA in October, pled guilty yesterday to stealing $3.4 million from the credit union over 11 years.
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Theresa Portillo, 34, confessed to converting 18 credit union-owned CDs and using the proceeds to buy cars, jewelry, vacations, pay medical bills and buy nine Dallas-area homes. She is scheduled to be sentenced next week.
The credit union, chartered in 1974 as Feminist Southwest FCU and expanded to serve area feminist organizations, had just 743 members and $2.3 million in assets when it was liquidated in October and its remnants assigned to City Credit Union of Dallas in a purchase and assumption deal.
