Former CU CEO facing alleged embezzlement charges. Source: Shutterstock.

Federal prosecutors alleged Thursday that Monica Jackson, a former operations director for Lifeway Credit Union, embezzled more than $242,000 from the Nashville, Tenn.-based financial cooperative.

Jackson, 42, of Murfreesboro, Tenn., has been charged with one count of embezzlement by a credit union director, according to an information document filed by prosecutors in U.S. District Court for the Middle District of Tennessee. She has not yet been arraigned on the charge or entered a plea. Jackson did not respond to CU Times‘ request for comment and her lawyer declined to make a statement.

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