Employee Pleads Guilty To Stealing $38,000 From Relatives CU Accounts
EAST ST. LOUIS, Ill. – A former financial operations officer for Catholic and Communities CU last week was convicted of embezzling more than $38,000 from accounts of her relatives.
Stacy Mergelkamp, 38, pleaded guilty to theft, embezzlement, or misapplication by a credit union officer or employee.
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.