School CU Manager Indicted On Theft Charges
NORWOOD, Mass. – A middle school vice principal who ran the now-defunct Norwood School Employees CU on Monday was charged by a state grand jury with embezzling from the tiny credit union for school employees.
Stephen Shinnick, 64, who served as manager-treasurer of the $450,000 credit union, resigned his job as Coakley Middle School vice principal in December 2008 as authorities began investigating.
Shinnick was indicated on three counts of larceny by a Norfolk County grand jury.
The tiny credit was acquired by Rockland FCU in June 2009.