A former assistant accountant for the $60 million WesTex Federal Credit Union in Lubbock, Texas, will spend 37 months behind bars and pay restitution of $690,000 for embezzling an estimated $500,000 from a branch of the credit union.

Armelinda "Irma" Castillo, who worked at WesTex's southwest branch, was sentenced Aug. 30 for stealing the money from April 2009 to April 2012.

According to documents filed April 18 in the U.S. District Court for the Northern District of Texas, Castillo embezzled funds in amounts of $100 to $1,000 and then deposited the money into her credit union account or her boyfriend's account. The money was used, she said, to pay for expenses for herself and for others.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.