SUPERIOR, WISCONSIN ENTRY POINT.>>>A FORMER CEO OF A LITTLE FALLS CREDIT UNION HAS BEEN SENTENCED TO EIGHT YEARS IN PRISON FOR HER ROLE IN A MULTIMILLION DOLLAR CREDIT UNION FRAUD SCHEME. ACCORDING TO A PRESS RELEASE FROM THE DEPARTMENT OF JUSTICE, 62-YEAR-OLD MARGURITE MARY COFELL HAD PREVIOUSLY PLEADED GUILTY TO ONE COUNT OF CREDIT UNION FRAUD. ACCORDING TO COFELL’S GUILTY PLEA AND DOCUMENTS FILED IN COURT, FROM AT LEAST JUNE 2006 THROUGH JANUARY 2014, COFELL USED HER ACCESS AND POSITION AT ST. FRANCIS CAMPUS CREDIT UNION TO FRAUDULENTLY DIVERT CREDIT UNION FUNDS TO HERSELF AND OTHER MEMBERS OF THE CREDIT UNION, INCLUDING FAMILY MEMBERS, FRIENDS AND BUSINESSES IN THE AREA. IN TOTAL, COFELL CAUSED A LOSS AMOUNT OF A LITTLE MORE THAN 2.25 MILLION DOLLARS TO THE ST. FRANCIS CAMPUS CREDIT UNION. AS A RESULT OF COFELL’S FRAUD, THE ST. FRANCIS CAMPUS CREDIT UNION, WHICH HAD SERVED THE LITTLE FALLS COMMUNITY FOR MORE THAN 50 YEARS, WAS PLACED INTO LIQUIDATION DUE TO INSOLVENCY. BEFORE THE LITTLE FALLS CREDIT UNION WAS SHUT DOWN, IT HAD 3400 MEMBERS IN ADDITION TO HER PRISON TERM, COFELL WAS ORDERED TO PAY A LITTLE MORE THAN 2.5 MILLION DOLLARS IN RESTITUTION AND WILL SERVE FIVE YEARS ON SUPERVISED