Credit: chee siong teh/Adobe Stock
Eric Stash, 36, of Aneth, Utah, has been charged with 41 felony counts of theft for allegedly stealing more than $240,000 from the $28.9 million San Juan Credit Union in Blanding, where he worked as a branch manager, according to Utah court filings.
According to an information document filed in Utah’s Seventh District Court in Monticello in December, Stash allegedly admitted to the alleged crime after resigning from the credit union last year. Court filings showed he has not yet entered a plea to the charges.
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An audit conducted by the credit union revealed from January 2021 to July 2023, Stash siphoned more than $5,000 on 22 occasions and between $1,500 and $4,999 on 19 different occasions from the branch vault in Monticello for a grand total of $240,895, according to court documents.
Stash was hired by San Juan FCU in September 2017 as a teller and then worked as a loan officer before he became a branch manager.
For his alleged theft, he was banned last year by the NCUA from ever working at any federally insured financial institution.
He allegedly concealed his theft by taking cash that was delivered to the branch from a courier service. Stash then altered internal credit union records to make it appear as if the cash was in the vault, the NCUA said in its prohibition order.
After San Juan FCU began investigating discrepancies of the amounts of cash in the branch vault, Stash allegedly admitted to the theft, signed a written confession and resigned last January.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
