A former manager for the $1.6 million Enterprise Credit Union — which surrendered control to the Kansas Department of Credit Unions in August 2011 — has pled guilty to embezzling more than $800,000 from the credit union, said U.S. Attorney Barry Grissom in a U.S. Attorney's office news release.

Pamela Emig, 46, of Solomon, Kan., admitted to embezzling $817,167 between 2005 and 2011 while working for the Enterprise, Kan., credit union, Grissom said.

According to Grissom, Emig kited checks between members' accounts to conceal her fraudulent activities. He said her strategy entailed making a large deposit in an account toward the end of a month, which would be included in the general ledger but not sent to the corporate checking account until the middle of the following month. At that time, he said, a larger check would be drafted from a different account.

Authorities charged Emig with one count of embezzlement in October and set her maximum sentence at 30 years in federal prison and a fine of up to $1 million. Her sentencing is scheduled for Feb. 11.

News of Emig's conviction comes a year after the Kansas Department of Credit Unions took control of Enterprise CU's operations, pending the results of an investigation that began after “accounting irregularities” were found during a routine examination at the credit union.

The department said the credit union would remain in operation during the course of the investigation.

John Smith, administrator for the Kansas Department of Credit Unions, said Thursday he could not comment on the status of Enterprise CU at this time.

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Natasha Chilingerian

Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.

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