ST. PAUL, Minn. – A long-time public works employees on Tuesday was charged with stealing as much as $34,000 worth of coins he was supposed to be collecting from parking meters over a period of nine months.
The theft apparently was uncovered by tellers at City & County CU, where he regularly brought coffee cans full of coins to several branches. Vincent Schettner, 63, was charged with two counts of felony theft.
Schettner told one teller he collected coins, according to a search warrant filed with the court. After she saw him on the street emptying meters for his job, she tipped an off-duty police officer working at the credit union. Police interviewed four other tellers, who also were suspicious of the meter collector. None of them saw him make anything but coin transactions.
A review of the credit union's records confirmed Schettner made weekly deposits of $1,000 to $1,500 in coins at branches in St. Paul, Lake Elmo and Maplewood. He would usually exchange about $800 to $900 of the quarter and dollar coins for currency.
-
The Federal Reserve Board Thursday followed the lead of other regulators in seeking comment on its implementation of the landmark stablecoin legislation that passed in 2025.
2m ago -
George Boyan is named CEO of New Jersey-based Unity Bancorp as James Hughes announces his retirement; the American Bankers Association has elected Iowa banker Matt Lujano as chair of the association's Community Bankers Council; fintech-turned-digital bank SoFi's stablecoin settlement partnership with Mastercard is now live; and more in this week's banking news roundup.
9m ago -
The Republican-led bank, which touts itself as "pro-America," has struggled to turn a profit. The Federal Deposit Insurance Corp. said Old Glory failed to respond to a prior warning about capital deficiencies.
19m ago -
Artificial intelligence could be a powerful tool, but it seems that just about everybody using it has realized one thing: it is not inherently trustworthy.
1h ago -
Open Standard, a stablecoin consortium with more than 140 partners, formalized its governance structure, founding partners, and leadership, cementing it as an emerging competitive threat thanks to the wide distribution network of its founding partners and its shared economics model, from which banks can earn revenue.
3h ago -







