Embezzlement by former credit union CEO. (Source: Shutterstock)

When Sheri Sicka thinks about her former mentor and boss, whom she respected and admired for 30 years, she weeps.

“I spoke with Sheri in March, May and August, and all three times, Sheri could not help crying,” an FBI agent wrote in an email to a federal attorney who prosecuted and convicted CBS Employees Federal Credit Union President/CEO Edward Rostohar for stealing $40 million from the Studio City, Calif., financial cooperative. “She said that when she thinks about what happened, tears well up and she feels so betrayed and hurt.”

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:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Strozniak

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.