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Prison sentence for former credit union CEO. Prison sentence for former credit union CEO. (Image: Shutterstock)

A federal judge sentenced former CEO Margurite Mary Cofell to eight years in prison for embezzling more than $2.5 million that led to the liquidation of the $51 million St. Francis Campus Credit Union in Little Falls, Minn.

U.S. District Judge Wihelminna M. Wright in Minneapolis on Tuesday also ordered the 62-year-old Cofell to pay $2,513,360 in restitution and to serve five years of supervised release following her prison sentence.

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Peter Strozniak

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