Jane L. Madtson, former manager of the $1.9 million Grays Harbor Community Hospital Credit Union, allegedly stole thousands of dollars from the Aberdeen.Wash.-based cooperative before it was merged, according to court documents filed by prosecutors last month.

Grays Harbor Community Hospital Credit Union was merged into the Aberdeen-based Grays Harbor Woodworkers Federal Credit Union in January 2016. Three months after the merger in March 2016, the former manager of Grays Harbor Woodworkers FCU, Krista Stephanie Putnam, burned financial documents during an NCUA examination to conceal her $350,000 theft . She was sentenced to 14 months in prison on Jan. 12.

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Peter Strozniak


Credit Union Times

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