Norma Gold was charged Wednesday in U.S. District Court in Buffalo with falsifying records that enabled her to embezzle up to $200,000 from a failed New York credit union over 15 years.
She did not enter a plea and remains free on a personal bond.
In December 2012, the NCUA closed the $778,129 Olean Tile Employees Federal Credit Union in Olean, N.Y. after concluding it was insolvent and had no prospect of restoring operations. The manufacturing plant, which housed the credit union's office, also ceased operations in December 2012.
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