A former credit union manager pleaded guilty in U.S. District Court in Topeka, Kan., on June 17, admitting she embezzled $93,500 from the $1.5 million Jayhawk Federal Credit Union in Lawrence, Kan.
Karolyn J. Stattelman, 42, pleaded guilty to theft of credit union funds. She manipulated accounts at the now-merged $1.5 million Jayhawk FCU in Lawrence for money orders, share drafts, ATM and returned checks to conceal her theft, according to federal prosecutors at the U.S. Attorney's Office in Topeka.
Earlier this year, because of Jayhawk FCU's poor financial condition, the NCUA approved the cooperative's consolidation with the $226 million Mid American Credit Union in Wichita, Kan.
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