In a move that is seldom taken by credit unions, the $213 million Florida State University Credit Union announced Thursday the firing of a long-time employee who allegedly embezzled $825,000 over three years.
The Tallahassee-based credit union said Kevin Lee, 33, allegedly admitted to stealing the funds for his personal use during a meeting with his lawyer and credit union officials.
The embezzlement was uncovered after FSUCU learned of a member account discrepancy on Nov. 14, when the credit union immediately launched an investigation and discovered 24 accounts were affected. Lee, who was FSUCU's lending director and had worked at the credit union for more than 11 years, was fired later that day.
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