A former credit union office manager will be sentenced in December after she admitted to embezzling nearly $180,000 from a failed New York credit union.

Norma Gold, 57, of Eldred, Pa., pleaded guilty to false entries in federal credit union reports, last week in U.S. District Court in Buffalo.

Between December 2007, and December 2012, the former officer manager of the $778,129 Olean Tile Employees Federal Credit Union in in Olean, N.Y.,  embezzled funds and made false entries in the general ledger and altered financial statements, making it appear that the credit union's account balances were larger than they actually were, according to federal prosecutors.

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