The former president of a small credit union, who was alsotreasurer of his league chapter, pleaded guilty to bank fraud thisweek in U.S. District Court in St. Louis, according to courtdocuments.

Paul C. Smith, who worked at Laclede Community Credit Union from2007 to 2012 and served as treasurer of the Illinois Credit UnionLeague's George G. Burnett chapter, admitted he used a debit cardtied to his position as chapter treasurer to pay for almost $60,000in personal expenses for five years, according to the U.S.Attorney's Office.

Since the chapter's bank account was at LCCU, Smith was able tohide the fraud by manipulating the credit union's computer systemand records, according to court documents.

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