I originlly saw this on LinkedIn. Some of you may recall a similar story about Metabank. At least in this case the credit union failed and the depositers were made whole. How a Former Employee Bled a Credit Union Dry and Spent the Cash on Jewelry, Houses, and a Timeshare in Cabo - Dallas - News - Unfair Park
Seems like the only way to protect yourself from this would be to separtely confirm your account with additional staff members. Amazingly this went unnoticed for quite some time.