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Former Credit Union CEO Indicted for $5M Embezzlement

Kansas gambler Nita Rae Nirschl steals more than $5M from the now-merged Parsons Pittsburg CU.

By Peter Strozniak | Updated on March 29, 2017

After more than three years since a Kansas credit union was merged following a suspected embezzlement scheme, federal authorities announced Wednesday the indictment of a former president/CEO who is allegedly responsible for stealing more than $5 million.

Nita Rae Nirschl, 64, of Parsons, Kan., was charged with an 81-count indictment including 22 counts of embezzlement, 37 counts of money laundering, 18 counts of interstate transportation of stolen property and four counts of attempting to evade taxes, according to the Kansas U.S. Attorney’s office.

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Peter Strozniak

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