Former Lifeway Credit Union Executive Faces Sentencing in May for Embezzlement

In a plea deal, Monica Jackson admits she stole funds from the vault, a deceased employee's account and lines of unauthorized credit.

By Peter Strozniak | January 14, 2022 at 03:26 PM

A former executive will be sentenced in May after admitting she embezzled more than $240,000 from a Tennessee credit union by taking cash from the vault, siphoning funds from a deceased employee's account and opening lines of credit in the names of family members only to pocket the money for her use, according to a plea deal document.

Continue Reading for Free

Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com

NOT FOR REPRINT

Fraud & Enforcement

1 Connexus CU Plans for Layoffs in November

2 Wisconsin CU League Names Sarah Wainscott as New Leader

3 Mountain America to Exit New Mexico

4 Future-Proofing Your Credit Union: Digital Strategies to Enhance Branch Security & Banking Experiences

Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
More Information
GlobeSt. Multifamily Fall 2024
October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Women Leaders in Consulting (WLC) 2024
November 14, 2024 - New York

Women Leaders in Consulting Awards honors the industry standouts and rising stars who are making a mark within the profession.
More Information

Navy Federal Commits $9 Million to U.S. Military Nonprofit USO

By Natasha Chilingerian | September 17, 2024

Three-year partnership aims to support the financial wellness of early-career servicemembers and their spouses.

Navy Federal Commits $9 Million to U.S. Military Nonprofit USO

Credit Union Conferences in 2024: An Evolving List

By Natasha Chilingerian | September 16, 2024

More than 35 CU conferences are still to come in 2024, including the Virginia League's inaugural InnoVAte Conference.

Credit Union Conferences in 2024: An Evolving List

Five Years in Prizon for Former Credit Union Controller in Embezzlement Case

By Peter Strozniak | September 16, 2024

A Georgia Federal Judge orders Teresa Paulo to pay $1.2 million in restitution to Southern Pine Credit Union.

Five Years in Prizon for Former Credit Union Controller in Embezzlement Case

50 Essential Shadow IT Statistics for 2024 link

Article

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Instant Insights /

Former Lifeway Credit Union Executive Faces Sentencing in May for Embezzlement

Continue Reading for Free

Dig Deeper

Trending Stories