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CU System
100000 missing from CU in Tennessee
CLINTON, Tenn. (2/19/10)--The Tennessee Bureau of Investigation has launched a criminal probe after Anderson County Employees FCU in Clinton, Tenn., reported that more than $100,000 was missing. The money shortage was discovered during a routine audit Jan. 19 of the $1.8 million-asset credit union, said Jim Sanderson, chairman of the credit union’s board (The Knoxville News-Sentinel Feb. 18). Between $100,000 and $200,000 is missing, Sanderson told the paper. Shirley McKinney, the credit union’s office manager, was put on supervised leave without pay the day the shortage was discovered, Sanderson added. “We have taken action to protect everybody,” Sanderson told the paper. A letter that’s being drafted for review by the credit union board soon will be sent to members notifying them about the incident, Sanderson added.


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