FSU Credit Union employee fired, accused of stealing $825K

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By: Amy Robinson | WCTV Eyewitness News
November 30, 2017

TALLAHASSEE, Fla. (WCTV) -- A Florida State University Credit Union employee has been fired following an investigation into allegations that the employee was stealing money from various accounts.

FSU Credit Union officials say the employee, a Lending Director who had worked at the credit union for over 11 years, used their position of trust to divert approximately $825,000 in funds for personal use.

An internal investigation revealed that the thefts occurred over a 3-year period and impacted 24 accounts. Credit union officials contacted the Florida Department of Law Enforcement upon discovering the activity.

The credit union says the employee was terminated and an arrest is expected.

WCTV is choosing not to identify the employee as criminal charges have not yet been filed.

We reached out to FDLE for a comment on the investigation, they said, in part, "FDLE is investigating a case regarding someone who worked at a credit union. Because the investigation is active we cannot provide any details at this time."

FSU Credit Union officials say that the affected accounts have been fully restored and the account holders have been notified.

Bradley Blake, President and CEO of FSU Credit Union, said in a news release on Thursday, "Our overarching mission and priority is to maximize our members’ financial well-being and ensure the protection of every dollar in their accounts. We will not let this egregious act by one individual deter us from our commitment to remain a trusted and safe place for members to conduct their financial business, as we have been for more than 60 years.”

Officials added that they are taking steps to prevent this type of event in the future.

We will bring you more information as it becomes available.

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