Former Iowa CU Employee Sentenced to Three Years for $1.4 Million Embezzlement

Former board member says CCU had a good reputation for helping members when larger financial institutions would not.

By Peter Strozniak | June 28, 2021 at 03:55 PM

Judge signing a sentence order with a gavel sitting nearby

A former employee was sentenced to three years in federal prison for embezzling more than $1.4 million that led to the poor financial condition of the $5.2 million Consumers Credit Union in Denison, Iowa, forcing its merger.

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Embracing a Modern Tech Stack and Architecture for Seamless Payment Experiences, Increased Efficiencies and Lower Operating Costs link

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