Branch Manager Charged InEmbezzlement

ANCHORAGE, Alaska - (12/10/04) -- A former branch manager of AlaskaAirlines Employees FCU was charged with stealing more than $627,000from the credit union over 10 years. The former employee, MarilynPeterson, 57, was charged with using members' names and funds toget loans, as well as stealing $120,000 in cash from the creditunion's vault last June. Authorities allege Peterson hid her schemeby changing address forms for members' statements, which divertedthe statements from the members.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER