Teller Charged In $200,000 Theft From Greylock FCU

PITTSFIELD, Mass. – A teller at Greylock FCU last week was indicted on charges she stole about $200,000 from the credit union, the second Greylock teller charged with theft this year.

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Janine Shepard, 47, had been a teller supervisor at the credit union’s Merrill Road branch. The alleged theft occurred between Jan. 1, 2010 and Feb. 18 of this year.

Greylock fired both Shepard, who worked at the credit union for 13 years, and a co-worker responsible for checking her work shortly after the credit union uncovered the situation and reported it to law enforcement authorities.

Earlier this year the head teller at a downtown Greylock branch was charged with stealing $60,000 and lying to police as part of a cover-up.

Shepard allegedly falsified documents at Greylock while she gradually took money from available cash, then manipulated and lied to another employee who was responsible for checking her work through Greylock’s dual control procedures, which the credit union said are a standard practice throughout the banking industry.

 


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