BARRE, Vt. -Two employees of United Community CU may be charged with felony embezzlement for taking $26,000 in CU funds over the last three years. Arraignment is scheduled for September. While acting independently, the women-one a member services representative, the other, head teller-admitted to talking about how to steal money. They also said that the funds were used to pay bills and not to make extravagant purchases. According to police investigators, the women would remove money from the cash drawer and deposit it into accounts. Both women confessed to stealing funds less than 24 hours after police began an embezzlement investigation as a result of a recent audit. According to police reports, the investigation is continuing, but police do not expect to find any other participants.
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From the July-28, 2004 issue of Credit Union Times Magazine • Subscribe!
Two Vermont CU Employees Admit to Stealing Funds
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