Former York credit union CEO sentenced to prison
- Sherry Garner stole about $252K from the former HD York Federal Credit Union between 2010 and 2013.
- She was CEO and manager of the credit union at the time, federal authorities said.
- Garner must spend two years in federal prison and was ordered to report there on Sept. 19.
The former chief executive officer of a York-area credit union has been sentenced to two years in federal prison for embezzling more than a quarter-million dollars over a three-year period.
Sherry A. Garner, 54, of Red Lion, pleaded guilty Feb. 19 to bank larceny and tax evasion, according to online court records.
She stole $252,106 from the former HD York Federal Credit Union, 3214 E. Market St. in Springettsbury Township, between January 2010 and September 2013, according to federal records.
At the time, she was the CEO and manager of the credit union, which in 2014 merged with White Rose Credit Union.
Garner filed a fraudulent federal income tax return in 2012 to avoid paying thousands of dollars in taxes, court records state.
Her joint return for calendar year 2011 stated she and her then-husband's joint income was $93,869, for which $15,719 in taxes was owed, according to documents.
Instead, Garner and her husband jointly made $164,852, for which $34,811 was owed, records state — a difference of about $19,000.
The nearly $71,000 in income Garner failed to report was money she stole, according to Dawn Mayko, spokeswoman for the U.S. Attorney's Office in Harrisburg.
Restitution: During Garner's sentencing hearing on Wednesday, U.S. District Court Judge John E. Jones III ordered her to pay $252,106 to CUMIS Insurance Society Inc., which had insured the credit union, and $62,704 to the IRS for owed taxes.
Federal prosecutors filed charges against Garner on Feb. 2, and her signed plea agreement was entered into the record on Feb. 5.
Garner had faced up to 15 years in prison and a $350,000 fine, Mayko has said.
Garner doesn't have a public phone listing, and her federal public defender, Heidi Freese, did not immediately respond to an email seeking comment Wednesday.
— Reach Liz Evans Scolforo at firstname.lastname@example.org or on Twitter at @LizScolforoYD.