Credit union manager tells police about thefts from vault
AMES, Iowa (AP) — A credit union manager has been accused of stealing hundreds of thousands of dollars from a branch he managed in Ames.
Henry Hill is charged with fraudulent practice and theft, Story County court records say. His preliminary hearing is scheduled for Jan. 10. Hill remained in Story County Jail on Friday, pending $150,000 bail. His attorney, Paul Rounds, declined to comment.
Hill went to police and told officers that he’d stolen an estimated $250,000 in large bills from the Greater Iowa Credit Union branch vault over about seven years, the records say. An audit found the vault and some accounts were short nearly $431,000.
Station KCCI reported that Hill told police he came forward after the credit union brought in a new compliance officer who planned to conduct cash accounts of each branch.