Search
 
News

Former Connecticut Credit Union CEO Pleads Guilty to Embezzlement Scheme

Tara Kewalis admits to stealing more than $250,000 over four years from Skyline Financial FCU.

Former CU CEO facing alleged embezzlement charges. Source: Shutterstock.

In December 2016, just three months after becoming president/CEO of the $38.4 million Skyline Financial Federal Credit Union in Waterbury, Conn., Tara Kewalis began what federal prosecutors described as a detailed and sophisticated embezzlement scheme that enabled her to conceal her crimes until she was fired in March 2021.

During a U.S. District Court hearing in New Haven on Wednesday, Kewalis, 50, of Beacon Falls, pleaded guilty to embezzling $254,532 from Skyline Financial. She is scheduled to be sentenced in March. Court documents showed Kewalis was a long-time employee of Skyline Financial, having worked there from May 1993 to June 2007, rejoining the credit union in 2008 and becoming its CEO in September 2016.

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?

NOT FOR REPRINT

© 2023 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.

Peter Strozniak

Dig Deeper

 

Recommended Stories

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.