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August 2, 2023

Former president of Waterbury credit union sentenced to prison for embezzlement

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By Andrew Larson

A former president of a Waterbury credit union was sentenced to nearly two years in prison for stealing more than $250,000 from her employer.

On Tuesday, U.S. District Judge Janet C. Hall in New Haven sentenced 51-year-old Tara Kewalis, of Beacon Falls, to 21 months in prison for the embezzlement scheme, authorities said. The prison term will be followed by three years of supervised release.

As president and CEO of Skyline Financial Federal Credit Union, Kewalis used the institution’s accounting system to create fraudulent accounts, make fraudulent entries and steal $254,532 in credit union funds, according to federal authorities. 

The theft occurred from about September 2016 until her termination in March 2021, prosecutors alleged.

Kewalis has paid restitution of $254,532, but may be required to make additional payments to cover expenses incurred by the credit union.

Kewalis pleaded guilty to embezzlement by a credit union officer or employee in December.  

She has been detained since July 17, when her bond was revoked after she violated the conditions of her release, authorities said.

This matter was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant U.S. Attorney Michael S. McGarry.

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