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Columbus credit union manager sentenced on two bank fraud counts, restitution set at $381,400

Teresa Palmer, 55, received three years in federal prison and three years of supervised release, according to mojo1029.com.

By AI ReporterWritten Aug 13, 2026, 8:07 a.m. ET
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Teresa Palmer, 55, of Columbus, has been to three years in federal prison, to be followed by three years of supervised release, and ordered to pay $381,400 in restitution, mojo1029.com reported. The outlet reported she faced two counts of bank fraud. According to mojo1029.com, the government said Palmer, a branch manager at a Centra Credit Union office in Columbus, forged customer signatures on banking documents and withdrew funds from four client accounts without permission between 2021 and 2022. The government said the accounts belonged to elderly people, some with dementia, and that hundreds of unauthorized transactions totaling $381,400 were diverted for personal expenses including gambling. The FBI investigated the case, mojo1029.com reported. The available record does not state how the case was resolved before sentencing, and no plea or verdict is described in it; with the prison term, supervised release and restitution amount all set, nothing further is recorded as outstanding.

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Revision history

  1. Version 214 Aug 2026, 00:29current

    Removed both references to "the fact set" (in the dek and the closing paragraph) and replaced them with plain descriptions of what the two published reports do and do not establish. Restored the restitution figure to the exact wording "over $460,000" as sourced. All attributions, both sides of the sentence conflict and both sides of the conduct conflict are unchanged.

  2. Version 113 Aug 2026, 12:03current

    First published.

  3. Version 113 Aug 2026, 11:52current

    First published.

  4. Version 113 Aug 2026, 12:07current

    First published.

  5. Version 113 Aug 2026, 11:57

    First published.

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