A former teller at the failed Lynrocten Federal Credit Unionpleaded guilty Tuesday to embezzling more than $1 million.

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Teresa Wieringo Humphries, 58, of Madison Heights, Va., alsoadmitted participating in fraudulent schemes with at least oneother employee, which contributed to the collapse of $13.8 millioncooperative in Lynchburg, Va., the U.S. Attorney's Office said.

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Humphries admitted stealing $3,000 to $4,000 a month between2007 and 2013, which she deposited into family members' accounts,according to court documents. She faces up to 30 years in prisonand/or a fine of up to $1 million.

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The 1,068-member Lynrocten was liquidated by the NCUA in May 2013 amid rumors of a criminalprobe that involved Humphries and two other former Lynrocten staffmembers: Manager Linda Susan Newcomb and Teller Becky Nichols.

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No other criminal charges have been filed yet, but Humphries,Newcomb and Nichols are named as defendants in a $1.7 million civillawsuit filed by the $20 million Northern Piedmont FederalCredit Union of Culpeper, Va., which accused the three of loanparticipation fraud.

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Law enforcement officials declined to comment about whetherother arrests are expected.

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During Humphries' appearance Jan. 7 in federal court, she waivedher right to be indicted by a grand jury and pleaded guilty to aone-count criminal information charging her with embezzlement. Aninformation is often filed when a suspect cooperates withprosecutors and intends to plead guilty.

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“Ms. Humphries participated in a massive fraud scheme in whichshe stole over a million dollars from her employer by falsifyingloan documents,” United States Attorney Timothy J. Heaphy said in anews release. “Her brazen and persistent acts of fraud violated thetrust placed in her by the Lynrocten Credit Union and itscustomers. This office will continue to vigorously investigate andprosecute instances of financial fraud and do our best to providerestitution to the victims of these crimes.”

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According to the release, Humphries and Newcomb carried outseveral schemes from 2000 until the credit union's liquidation,including originating fraudulent loans in the names of credit unionmembers and devising a check kiting scheme. Stolen funds from theloan and check writing schemes were funneled to accounts belongingto relatives of Humphries and Newcomb.

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Although Humphries admitted to personally stealing about $1million, the overall loss to the credit union was in excess of $7million, the release said..

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According to the civil lawsuit filed by Northern Piedmont,Newcomb and Humphries concocted a scheme to originate loans,allegedly including the loans in which Northern Piedmont purchasedparticipations, in members' names without the members'authorization.

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Humphries allegedly confessed in April and May that she andNewcomb had taken loans out in members' names and deposited thefunds in their family members' accounts for a decade. However,Newcomb denied being involved and Humphries later retracted thestatement, according to court records.

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Chartered in 1936, Lynrocten served the employees of Rock-TennCompany, a paperboard, packaging and marketing productsmanufacturer, their immediate family members, and some selectemployee groups.

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