Credit union VP admits to $1.2 million embezzlement

Had it not been for the actions of one Houston Police Federal Credit Union member, the credit union’s retired executive might have gotten away with a $1.2 million embezzlement.

Cheryl Vickers, a former vice president of the $603 million, Houston-based credit union, pleaded guilty to one felony count of embezzlement in U.S. District Court in Houston Wednesday. She admitted to stealing more than $1.2 million over 18 years with unclaimed checks.

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