Former Credit Union Employee Faces Embezzlement Charge
Audrey Elkins allegedly steals nearly $600,000, more than half of the Kansas credit union’s assets before it was merged.
Federal prosecutors alleged that a former employee for William Newton Memorial Hospital Credit Union stole more than $599,000, which accounted for more than half of the Kansas credit union’s assets when it was merged in 2018.
Audrey Elkins, 42, of Winfield, Kan., was charged last week with one felony count of embezzlement, according to an indictment filed by prosecutors in U.S. District Court in Wichita.
Elkins embezzled the funds from November 2010 to November 2017 by allegedly creating fake loans and then using the money for her own use, the indictment charged.
She is scheduled to appear before a magistrate judge on Sept. 23.
In May 2018, the NCUA approved the merger of W.N.M.H. Credit Union in Winfield because of its poor financial condition.
At the end of the third quarter in 2018, the credit union posted $1,090,641 in assets and a net income loss of $327,079, according to NCUA financial performance reports.
W.N.M.H., which was chartered in 1967 and served nearly 500 members, was consolidated into the $61.9 million Panhandle Federal Credit Union in Wellington, Kan.