Former CU Employee Arrested for Alleged Fraud Against Members

EVANSVILLE, Ind. –A former credit union employee here has been arrested for allegedly committing fraud against members.

Evansville police said they arrested 25-year-old Elizabeth Nelson, who worked for Diamond Valley Credit Union, for 23 allegedly fraudulent transactions from more than 14 different accounts beginning in April 2025.

In an affidavit, police alleged Nelson would help a member with a transaction and then later withdraw an amount equal to, or sometimes more than, what was in the account.

According to police, over a four-month period, Nelson reportedly took $5,030 from the accounts.

Stopped Coming to Work
Local media reported that the credit union said Nelson stopped showing up for work in July.

Police said Diamond Valley credited the money back to the accounts.

Nelson was booked into Vanderburgh County Jail and is facing two felony theft charges and two misdemeanor theft charges.

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