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Denison woman sentenced to prison in credit union embezzlement
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Former credit union teller sentenced to 3 years for embezzling nearly $1 5 million
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By Sue Danielson
May 25, 2021
Wooden court gavel on black background. Symbol of justice, judge and trial. Auction. Law and Justice, Legality concept, Judge.
(Undated) A western Iowa woman has pleaded guilty to embezzling from the credit union she ran. Sixty-eight-year-old Janine Keim of Denison had been accused of falsifying financial records, that ultimately led to the Consumers Credit Union s failure. She faces up to 30-years in prison and a one million dollar fine. She also faces five years of supervised release after any term of imprisonment.
The US Attorney for the Northern District of Iowa says Keim was CEO of Consumers Credit Union (CCU). She pleaded guilty on May 24, 2021, in federal court in Sioux City, and was convicted of making false statements to auditors of the National Credit Union Administration (NCUA).
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Former Denison credit union CEO admits embezzlement
A Denison woman has admitted to falsifying records to hide the embezzlement of funds from the credit union where she worked.
Sixty-eight-year-old Janine Keim pled guilty to lying to auditors of the National Credit Union Administration when she worked as the CEO of Consumer Credit Union in Denison.
Keim’s sister, Brenda Jensen, was the head teller, and both were accused of taking $1.48 million from the credit union. The loss of funds led to the credit union becoming insolvent.
Jensen has pleaded guilty to embezzling and will be sentenced in June. Keim’s sentencing date has not yet been set
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