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News Now

CU System
Software employees charged with fraud vs. CUs
FORT WAYNE, Ind. (12/31/09)--Two former employees of a company specializing in credit union finance software have been charged with fraud against two Indiana credit unions. William O'Hern, 39, of Winterfield Run and David Lister, 33, of Huntington face two counts each of fraud against a financial institution, according to Allen Superior Court records in Fort Wayne (Fort Wayne Journal Gazette Dec. 30). Both were employees of Bradford-Scott Data Corp.--which has offices in Indianapolis and Fort Wayne, and provides credit unions with Sharetec Systems software--when they allegedly used electronic means to take more than $20,000 combined from Eastern Indiana FCU and Industrial Centre FCU. The incidents occurred in October 2006, police said. Eastern Indiana is a $21.4 million asset credit union based in New Castle, and Industrial Centre is a $42 million asset credit union in Muncie.


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