Mike Alcorn, president/CEO for the $30.7 million Morehead Community Federal Credit Union in Morehead, Ky., thought his vice president of lending Brenda Rudd was a great asset because she was well known and liked by members.

But when Rudd took a vacation in July 2014 and Alcorn reviewed her loan documents, he was shocked to uncover irregularities that revealed one of his best employees was an embezzler.

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Peter Strozniak

 

Credit Union Times

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