7.30.15: Manager at credit union admits embezzling $1.9M from vault
NORTON SHORES, Mich. (AP) — Court documents say a manager at a Muskegon County credit union has admitted to embezzling $1.9 million from its cash vault between 2001 and this year.
Kathryn Sue Simmerman has agreed to plead guilty to embezzlement. She was charged Wednesday in federal court in Grand Rapids.
Simmerman’s attorney, Gary Springstead, says she is expected to plead guilty next month. A plea agreement says Simmerman took cash from the vault at Shoreline Federal Credit Union in Norton Shores and hid it in her purse.
Court documents say Simmerman was fired from her job in February.
In a statement, Springstead said Simmerman has cooperated fully with authorities in their investigation.