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Guilty plea announced. Source: Shutterstock.

Former CEO Janine Keim pleaded guilty Monday before a federal court judge in Sioux City, Iowa to making false statements on NCUA Call Reports in a $1.5 million embezzlement case that led to the merger of the $5.2 million Consumers Credit Union.

Keim pleaded not guilty in December to the felony charges of making false statements and embezzlement. In exchange for her guilty plea, federal prosecutors dropped the embezzlement charge against the former CEO.

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Peter Strozniak

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