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Ex-credit union manager charged in $1.5 million embezzlement

December 10, 2020 GMT

SIOUX CITY, Iowa (AP) — The former manager of a Denison credit union as been indicted in federal court on charges that she was part of a scheme that embezzled nearly $1.5 million.

Janine Keim was indicted Tuesday on charges of embezzlement by a credit union employee and making false statements, The Sioux City Journal reported.

Prosecutors allege she and at least one other employee at the Consumers Credit Union embezzled $1.48 million between May 2012 and March 2018. The institution is now called Cobalt Credit Union.

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Keim also is accused in the indictment of filing false reports to auditors and administrators to conceal the missing money.

The credit union’s former head teller, Brenda Jensen, 53, of Denison, pleaded guilty in October to embezzlement. She awaits sentencing.