A Galveston woman has been indicted and accused of stealing from people who banked at the local credit union she once managed, federal prosecutors said.
Susan Garza, 60, of Texas City, is the former manager of the Electrical Workers 527 Federal Credit Union in Texas City.
Garza was indicted by a federal grand jury on March 23, according to the U.S. attorney’s office. She is set to be arraigned Wednesday.
Garza is charged with seven counts, including bank fraud, theft and misapplication, and making false bank statements, prosecutors said.
If convicted, she faces up to 30 years in prison on each count, and fines of up to $1 million, prosecutors said.
The case was investigated by the FBI, and the charges brought by the U.S. attorney’s office for the Southern District of Texas.
Garza made unauthorized withdrawals from the accounts of the credit union from 2008 through 2013, prosecutors said.
She also is accused of making false entries in the records to hide her withdrawals, fraudulently issuing checks on the credit union’s bank account and making unauthorized loans to herself and others, prosecutors said.
The indictment points to four specific incidents, between July 1, 2011, and June 6, 2012, in which money was withdrawn from credit union members’ accounts and then a check in the same amount was written by Garza.
While the four incidents amounted to $4,300, prosecutors were seeking to seize $466,675.32 in property they claim is related to Garza’s alleged crimes.