The former CEO of a York County credit union embezzled more than a quarter-million dollars from the institution, which merged with another credit union in 2014, according to federal officials.
Sherry Garner, 53, of Red Lion, the former CEO and office manager of the HD York Federal Credit Union, embezzled $252,106 over a span of more than three years, according to the U.S. Attorney’s Office for the Middle District of Pennsylvania.
In addition to embezzlement, federal officials charged Garner with tax evasion for not reporting more than $70,000 of stolen income as taxable income in 2011.
No arraignment has been scheduled on the charges. In a pending plea agreement Garner signed in October, she admitted to the crimes and agreed to make full restitution both to White Rose Credit Union and to the federal government.
There is no sentence suggested in the plea agreement, but the maximum jail time is 15 years for the crimes. The maximum fine is $350,000.
A federal judge will determine the actual sentence.