CEO Of Failed W.Va. Credit Union Admits Embezzling

By: Associated Press
By: Associated Press

Wheeling, W.Va. (AP) -- The chief executive officer of a failed northern West Virginia credit union has pleaded guilty to embezzling almost $9 million from the institution.

Bernie D. Metz pleaded guilty Monday to a federal information charging her with embezzling from a credit union and money laundering.

Acting U.S. Attorney Betsy C. Jividen says Metz embezzled from the Center Valley Federal Credit Union in Wheeling and used the money to finance construction of the Roadworthy Tavern and Resort in West Liberty.

Metz also bought vehicles and paid off family credit cards.

The credit union was liquidated in February 2009 after an audit by the National Credit Union Association found that the money was missing.

(Copyright 2010 by the Associated Press. All rights reserved.)

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