A 62-year-old Missouri woman, who worked for nearly three decades at the $30.1 million Shelter Insurance Federal Credit Union, pleaded guilty Thursday to embezzling more than $230,000 in U.S. District Court.
Debra L. Wenger of Columbia, Mo., worked as a teller and administrative assistant, and assumed all of the accounting responsibilities at the credit union, according to Missouri federal prosecutors.
In February 2016, an external auditor detected the misappropriation of funds after finding a discrepancy when comparing the general ledger teller cash to the cash-balancing sheet.
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When Wenger was questioned by Columbia Police Department investigators, she admitted to taking the cash from her teller drawer and depositing the funds into her personal account, according to federal prosecutors.
An internal audit conducted by the Columbia-based Shelter Insurance FCU determined Wenger stole a total of $231,600. Federal prosecutors did not say for how long Wenger was stealing funds from the credit union.
Wenger's sentencing hearing has not been scheduled. She faces up to 30 years in federal prison.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
