A former manager and head teller allegedly embezzled nearly half of a credit union's total assets, according to documents filed last month in U.S. District Court in Cleveland.

Gwendolyn Dubose, 64, and Kolade Awoyade, 48, were charged with one felony count of embezzlement and one felony count of making false entries in credit union reports and records.

They allegedly stole $191,978 from the $412,775 Greater Abyssinia Federal Credit Union between 2012 and 2015, which was chartered in 1959 to serve members of the Greater Abyssina Baptist Church in Cleveland.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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
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.

Credit Union Management