A former bank vice president has been sentenced to prison after she pleaded guilty last December to bank fraud. 26 year old Kali Tegal-Mills has been sentenced to 8 months in prison and then home confinement, as well as ordered to pay back the $72,000 she stole while working at the former Alton Area Employees Federal Credit Union on Humbert Road.
Tegal-Mills admits to defrauding the credit union by increasing personal loan amounts without supervisory approval and without completing proper loan papers. She had worked as the Vice President of Operations, Loan Officer, Member Service Representative, and Teller Supervisor between 2006 and March 2011. Tegal-Mills made a wire transfer of credit union funds to purchase a truck for which no loan was put on the books of the bank nor were payments made to the credit union. She also used family member names on some of the loan documents. Alton Area Employees Federal Credit Union merged with MidAmerica Credit Union earlier this summer.