AURORA, Ill. -- The former president of the Aurora Firefighters CU faces felony charges alleging she stole $36,000 from the credit union over a five-year span to feed a gambling addiction.
Anne Schaal, 66, had been with the credit union for more than two decades and was president until earlier this year, when an audit revealed accounting irregularities.
Schaal has also been sued by the credit union.
In May, the credit union sent a letter to about 600 members advising them of an investigation into a possible theft by a longtime employee. In the letter, then credit union President Cletus Rettenmeier said an auditor determined the credit union suffered a $35,455 loss. Additionally, the credit union had spent about $70,000 investigating the irregularities, the letter said.
In the letter to credit union members, Rettenmeier wrote that the problems “included failing to file tax forms over a number of years, failing to post or improperly posting transactions. Many of these transactions involved (Schaal’s) personal accounts. Additionally (Schaal) was using the corporate credit card to make personal purchases.”
