Credit Union Employee Indicted
A former employee of the $65 million Allentown Federal Credit Union was indicted last month for allegedly stealing more than $640,000 from member accounts through fake fees and wire transfers.
Federal prosecutors charged Julie Ann Turk, 46, of Washington Township, Pa., with bank fraud, embezzlement and money laundering.
According to the indictment, Turk held several positions, including teller, Master Card coordinator, teller supervisor and general ledger coordinator, at the Pennsylvania credit union, which gave her access to AFCU’s general ledger accounts and member accounts.
From January 2009 to April 2016, Turk allegedly created fraudulent credit union fees, debited the fake fees from AFCU’s general ledger account and credited the phony fees to her personal credit union account, prosecutors alleged.
What’s more, Turk allegedly made $78,000 in wire transfers from AFCU’s general ledger account to a member’s account who was only identified by the initials L.Z. From this member’s account, $59,695 was moved into an account controlled by Turk over three years, according to the indictment.
Court documents do not indicate how Turk’s fraud was discovered.
AFCU President/CEO Barry Weiner declined to comment Monday because the incident remains under investigation. The credit union is well-capitalized with a net worth of 11.93%, according to its September Call Report.
Turk’s attorney did not return a message seeking comment.