Class Action Claims Metabank Refuses|To Repay Embezzled $4.2 Million

     CONCORD, N.H. (CN) – In a federal class action, a credit union claims that MetaBank, of Iowa, allowed an employee to embezzle $4.2 million in deposits, and has refused to reimburse the customers from whom she stole the money.

     Guardian Angel Credit Union, of Berlin, N.H., claims MetaBank admits that its employee Charlene Pickhinke absconded with the money, including Guardian Angel’s $99,000. The credit claims MetaBank admits that Pickhinke stole $99,000 deposits from 50 MetaBank customers, and it has refused to refund any of the money, or interest owed on it. It claims Pickhinke stole the money over three years.
     MetaBank is a federally chartered bank. Also sued is Meta Financial Group.
     Plaintiffs are represented by Christopher Meier with Cooper Cargill Chant, of North Conway, N.H.

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