Former credit union CEO faces sentence for stealing $47,000

ERIE, Pa. (AP) — The former chief executive officer of a northwestern Pennsylvania credit union is set to be sentenced for embezzling more than $47,000.

Forty-seven-year-old Lisa Hauptmann pleaded guilty in February and will be sentenced by a federal judge in Erie on Friday.

Prosecutors said Hauptmann took money from Oil Country Federal Credit Union in Titusville between November 2011 and May 2015. She was CEO for about a year before she was indicted and before that an assistant manager.

Federal prosecutors say she used cash advances to take the money and made fictitious deposits, opening one account in the name of her deceased mother. That was possible because the credit union’s paper-based records system was somewhat antiquated.

Prosecutors are seeking more than a year in prison. Hauptmann’s attorney is seeking house arrest.