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Pa. woman sentenced in credit union thefts

July 22, 2006|by DON AINES

HARRISBURG, PA. - A Chambersburg, Pa., woman has been sentenced to 21 months in federal prison for stealing more than $182,000 from Patriot Federal Credit Union in Chambersburg over a period of several years, according to an assistant U.S. attorney.

Elizabeth S. Montedoro, 40, of 881 Middle St., was sentenced Thursday by Judge Sylvia Rambo in the U.S. Middle District Court for the Middle District of Pennsylvania, Assistant U.S. Attorney Christy Fawcett said. In addition to the prison sentence, Montedoro was ordered to pay restitution of the missing funds.

Montedoro had pleaded guilty to one count of bank fraud on Nov. 28, 2005, Fawcett said. She was charged as a result of an FBI investigation, she said.

Fawcett said the information in the charge stated the money had been taken between 2001 and 2005, when Montedoro was employed by the credit union as an assistant branch manager and teller supervisor.

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Under federal sentencing guidelines, Fawcett said Montedoro will have to serve the full 21-month sentence.

Patriot Executive Vice President Lisa Johnston said that no member accounts were affected by the thefts. Patriot discovered the losses in August 2005 and notified the FBI, she said.

"We take the safety and security of funds here very seriously," Johnston said. As a result of the incident, she said the credit union had taken "appropriate measures" to prevent a recurrence.

Established as Letterkenny Federal Credit Union in 1965, Patriot is federally insured by the National Credit Union Administration, has four branch offices and serves more than 40,000 members in a region that includes Franklin and Fulton counties in Pennsylvania and Washington County, according to its Web site.

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