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Former credit union loan officer sentenced for embezzlement

By Star-Advertiser staff

POSTED:
LAST UPDATED: 09:56 p.m. HST, Aug 25, 2014



The former loan officer for the credit union of TheBus employees is going to jail for falsely crediting $16,732 to her Visa card account and those of her family members.

U.S. District Chief Judge Susan Oki Mollway on Monday sentenced Nicole Cheung, 35, to 20 days in jail followed by five years of probation-like court supervision. For 30 days of that supervision, she will have to be under electronically monitored home confinement.

Cheung pleaded guilty in May to embezzling and misapplying OTS Employees Federal Credit Union money.

Oahu Transit Services operates the city's bus system.

Mollway also ordered Cheung to pay $21,607 in restitution for the money she misapplied that was covered by the credit union and for the cost to the credit union for having to hire an independent accounting firm to investigate her actions.






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