The former manager of the credit union for employees, family members and retirees of the company that operates TheBus pleaded guilty Monday in U.S. District Court to charges that she doctored the books on loan and Visa credit card accounts for herself, family members and an associate and stole a sport utility vehicle that a member had turned in for repossession.
Dona Takushi, 54, pleaded guilty to one count of embezzlement and two counts of making false entries.
She faces up to 30 years in prison for each count at sentencing in August.
Takushi pleaded guilty to making 153 false entries when she was manager of the OTS Employees Federal Credit Union from 2007 to 2012 to advance the due dates on her, her family members’ and an associate’s loan accounts.
"I made 153 false entries into the books and reports to hide the delinquencies," Takushi said, adding that they didn’t have the money to make the loan payments.
The false entries enabled her to obtain two additional loans and the associate to get four additional loans that had a total outstanding balance of $55,188 when the false entries were discovered during an audit of the credit union in 2012.
Takushi also pleaded guilty to falsely inputting six payments from 2010 to 2012 totaling $40,970 on her and a family member’s Visa card accounts and to falsely recording a $18,251 charge-off in 2009 on a car loan for a 2008 Subaru Forester that the borrower had turned in because he could no longer make the loan payments.
Deputy Prosecutor Cynthia Lie said Takushi intentionally did not log the vehicle into the credit union’s repossessed collateral inventory and transfered the title to herself and a family member for the family member’s use.
The 2012 audit also turned up 54 false Visa card payment entries made by former loan officer Nicole Cheung totaling $16,732 and 122 false Visa payment entries made by former teller Jenny Nishida totaling $358,685.
Cheung, 34, and Nishida, 41, are scheduled to plead guilty May 13.
