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.

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