School CU Manager Indicted On Theft Charges

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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.

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