The former executive director of the Ohio County Schools Public Credit Union was charged in federal court Thursday with embezzlement.
Kathleen Gramlich, 65, of Valley Grove has been charged by Information with “Theft from a Credit Union.”
It’s alleged that Gramlich stole more than $156,000 from the Credit Union and used the funds to pay personal debts between June 2013 and March 2016.
The embezzlement scheme was uncovered in March after a routine reconciliation of accounts by an employee of the credit union revealed possible wrongdoing.
Gramlich faces up to 30 years in prison if convicted. The United States will also seek an order that Gramlich make full restitution.
“The member accounts at the Ohio County Public Schools Federal Credit Union are insured by the National Credit Union Administration Board,” said U.S. Attorney Ihlenfeld. “Because of this insurance, and because of the way that the scheme was perpetrated, the funds of account holders are not, and never were, in jeopardy.”
The Credit Union serves approximately one-thousand members, comprised of current, former, and retired employees of Ohio County Public Schools and their families.
Assistant U.S. Attorney Jarod J. Douglas is prosecuting the case on behalf of the government. The case was investigated by the Federal Bureau of Investigation and the West Virginia State Police.