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Former Kan. credit union CEO indicted for alleged $5M embezzlement

Former Parsons Pittsburg Credit Union CEO Nita Rae Nirschl was indicted March 29 on federal charges of embezzling more than $5 million from the Parsons, Kan.-based credit union.

The 81-count indictment — which alleges she deposited the stolen money into her personal accounts — includes 22 counts of embezzlement, 37 counts of money laundering, 18 counts of interstate transportation of stolen property and four counts of attempting to evade taxes.

The credit union was placed into conservatorship in January 2014. It was eventually liquidated in March 2014.