A former manager of a credit union branch has been charged with bank fraud after investigators say she stole more than $350,000 from customer accounts at the Indianapolis branch she oversaw.
Teresa Palmer was indicted on four charges of bank fraud July 24 in U.S. District Court in the Southern District of Indiana. Palmer pleaded not guilty to the charges. Prosecutors did not ask for pretrial detention, and Palmer was released pending further court proceedings, court documents show. A jury trial has been set for Sept. 22.
Palmer’s attorney, federal public defender Dominic Martin, told IBJ he is unable to comment on pending litigation, per his office’s policy.
The indictment filed in the case identifies Palmer’s former employer generically—only as “Credit Union 1,” which it described as a