A former president/CEO of a Washington credit union who allegedly stole more than $350,000 and burned bank documents during an NCUA examination will be arraigned in a county court on July 31 for theft and arson, according to police and prosecutors.
Krista Stephanie Putman, former president/CEO of the $3.3 million Grays Harbor Woodworkers Federal Credit Union in Aberdeen, was charged with two counts of first-degree theft and one count of second-degree arson, Katherine L. Svoboda, prosecuting attorney for Grays Harbor County, said. Putman, 38, was arrested by Aberdeen Police on Monday.
An audit conducted by Washington certified public accountants, Aiken & Sanders, found Putnam allegedly stole more than $350,000, according to an Aberdeen police investigator's report obtained by the CU Times.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 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.