Embezzlement Scheme at Credit Union in Alabama Nets Probation
Two of three former employees have been sentenced for participating in a scheme that embezzled more than $61,000 from the $65 million Valley Credit Union in Tuscumbia, Ala.
Tonya M. Payne was sentenced to two years’ probation on one count of bank larceny at U.S District Court in Florence, Ala., on Sept. 6. She was employed at the credit union as an accounting clerk, according to court records. On Aug. 30, Stacey Marie Mathes, also was placed on two years of probation on one count of bank larceny. She worked at the cooperative as a loan officer.