CINCINNATI – The former president of Good Samaritan Employees CU was sentenced yesterday to 33 years behind bars for embezzling more than $234,000, which forced the tiny credit union into liquidation.
Anne Bryson, who ran the one-time $2.5 million credit union from 1998 to its demise in 2005, pleaded guilty to using the credit union’s funds for her living expenses by issuing credit union checks for her own use.
The scheme was uncovered by the Ohio Department of Financial Institutions after it took over Good Samaritan in November 2005 and merged it into General Electric Evendale Employees FCU. The state regulators then discovered there was a shortage of about $700,000 in funds. NCUA later traced the missing funds to the manager’s accounts.
Good Samaritan was chartered in 1953 to serve employees at the Bethesda (Ohio) Tri-Health Good Samaritan Hospital.
