The former manager of a Winchester credit union has admitted stealing more than $111,000 from the institution.
Brian Tyler pleaded guilty in federal court in Lexington Monday, according to documents on the court web site.
According to his plea agreement, Tyler created a secret account at the East Kentucky Employees Federal Credit Union in October 2009 and put $100,000 into it from another account at the institution. Tyler was the manager at the time.
Tyler, who shredded documents and eventually created a fake loan to cover the theft, used much of the money to buy a house, according to the court document.
He also stole other funds from the credit union and used a company credit card for fraudulent purchases, the plea deal said.
The plea deal said it would be appropriate for Tyler to repay a total of $136,295 to the credit union and its insurance company, which includes the amount of the theft and legal and auditing costs. He has paid $35,000 so far.
Tyler is scheduled to be sentenced in October. He faces up to 30 years in prison.