EAST ST. LOUIS, Ill. (AP) – A former financial operations officer for Catholic and Communities Credit Union admits embezzling more than $38,000.
Federal prosecutors in East St. Louis say 33-year-old Stacy Mergelkamp pleaded guilty Thursday to theft, embezzlement, or misapplication by a credit union officer or employee.
The U.S. attorney’s office says Mergelkamp completed a series of cash advances against her credit card accounts and the accounts of certain relatives.
However, authorities say she fraudulently altered the cash advance slips so that the credit union deposited more money into her accounts than she actually withdrew from the credit cards.
Mergelkamp faces up to 30 years in prison and a $1 million fine when she’s sentenced on Sept. 16.
Copyright 2011 by The Associated Press