A former president of a small Illinois credit union was accusedof misapplying about $550,000 in a loan scheme that benefittedmembers with bad credit and minimized the institution's loandelinquencies, according to court documents obtained by CUTimes.
Charles Juska, former president of the $25 million TazewellCounty School Employees Credit Union in Pekin, Ill., pleaded notguilty to charges he forged at least seven members' signatures, created numerousfraudulent loans over a five-year span and cooked the books tocover his tracks, the documents said.
Juska, 52, who was indicted in May, pleaded not guilty June 26in U.S. District Court in Peoria, Ill., and was released on bondwith his next court set Aug. 7, according to court records. He isfacing 10 federal counts of misapplication of funds and false entryinto records.
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