An embezzlement investigation is under way at the $5.7 million Ohio County Public School Federal Credit Union in Wheeling, W. Va., the cooperative's board chair confirmed Monday.

"The investigation is still ongoing," Mary Jo Conaway, board chair for Ohio County Public School FCU, told CU Times Monday. "We are just taking it day by day waiting for them to tell us when they will finish [audits] and we'll go from there."

Conaway confirmed an investigation was launched after a staff employee uncovered discrepancies.

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