PEKIN, Ill.–The former president of a credit union here who is serving a three-year term in a federal prison has now been ordered to also repay $596,000 to his former CU.
Charles Juska, 54, was convicted in December of 2016 on 11 charges against him related to fraud while he was the CEO at Tazewell County School Employees CU. He was let go by the credit union in 2010. What made the Juska case unique was that he didn’t personally benefit from the fraudulent activities. Instead, Juska, who was CEO for 17 years, said he was only trying to help members when he concealed members’ delinquent loans from state and federal regulators, including opening loans in other members’ names without their knowledge. He also issued and extended dozens of other loans.
U.S. District Judge James Shadid, who sentenced Juska to half the sentence that had been called for by prosecutors, imposed the maximum amount of restitution and court costs that prosecutors sought in the case.
Juska’s attorney told the court “the chances are slim to none” that the former CEO will ever be able to repay the nearly $600,000.