Ex-Manager Charged In CUEmbezzlement

January 14, 2005, 1:00 a.m. EST 1 Min Read

ST. CHARLES, Ill. - (01/14/05) -- The former manager of DuKaneEmployees CU was charged with embezzling $450,000 from the tinycredit union that forced it into a merger with Kane County CU lastyear. Ingrid Osinski, of Wayne, Ill., is accused of stealing thefunds from the $1 million credit union between 1996 to 2004, rightbefore the merger. Authorities allege Osinski created false entriesin the records to conceal her theft. A criminal complaint filed bythe U.S. Attorney's office alleges Osinski withdrew funds from thecredit union, then tried to conceal the transactions bycharacterizing them as loans.

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