Former Washington CU CEO sentenced to 14 months for theft

A former president/CEO of a Washington credit union, who stole more than $350,000 and burned bank documents to conceal her theft during an NCUA examination, was sentenced last week to 14 months in prison.

Krista Stephanie Putnam, former president/CEO of the $3.3 million Grays Harbor Woodworkers Federal Credit Union in Aberdeen, pleaded guilty in November to five first-degree theft charges. One count of second-degree arson was dropped.

Putnam was ordered to pay $335,758 in restitution, according to Grays Harbor County Prosecutor Katie Svoboda.

 

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