Ex-credit union exec pleads guilty to embezzling $350,000 from Mississippi financial institution
Published 4:47 pm Monday, March 18, 2019
A former vice president of a Mississippi-based credit union pleaded guilty Monday to embezzling more than $350,000 in money by using her position with the financial institution.
Merrideth Christina McMillian of Vancleave was charged by the U.S. District Attorney’s office with stealing the money using a variety of means including setting up loans under the names of friends and family while she worked at Singing River Federal Credit Union. The crimes occurred between October 2017 and September 2018.
McMillian waived her right to being charged through an indictment and entered in a plea agreement with the U.S. District Attorney’s office.
She is scheduled to be sentenced on June 24. She remains out on $25,000 bond. Although exact details of her plea agreement are unclear she could face up to 30 years in prison, up to a $1 million fine or both.