Missoula man admits embezzling approximately $390,000 from credit union, swapping real money for fake currency

MISSOULA - A former Missoula credit union employee accused of embezzling approximately $390,000 from the vault and swapping the real money with fake funds admitted to a theft charge today, U.S. Attorney Jesse Laslovich said.

The defendant, Edward Arthur Nurse, 35, of Missoula, pleaded guilty to an indictment charging him with theft from credit union. Nurse faces a maximum of 30 years in prison, a $1 million fine and five years of supervised release.

U.S. District Judge Donald W. Molloy presided. The court will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. Sentencing was set for Feb. 25, 2025. Nurse was released pending further proceedings.

In court documents, the government alleged that from about July 2023 to June 2024, Nurse embezzled from his employer, Park Side Credit Union in Missoula. In June 2024, an employee discovered $340,000 in cash in the credit union's vault had been replaced with fake funds from a company that provides fake currency as props for movies and entertainment productions. Nurse was identified as a potential suspect because his primary role was managing and balancing money in the vault. In the previous seven months, financial records showed cash deposits totaling $117,751, with each deposit for more than $10,000, into Nurse's bank account. In addition, financial information from a local casino reflected that from March 2024 to May 2024, Nurse put more than $56,000 in cash into the business and cashed out slightly more than $8,000.

After the credit union discovered the thefts, Nurse claimed to an FBI special agent that he did not usually carry much cash and, aside from a vacation to Las Vegas, Nevada, he had not made any recent large purchases or cash deposits. The investigation determined that during the first six months of 2024, Nurse had purchased $410,000 in fake currency from a prop money company and had the money delivered to a post office box in Nurse's name. The credit union was later informed that approximately $50,000 in fake money had been received by the Federal Reserve in July 2024. Those funds were returned and determined to be fake bills from the prop money company.

The U.S. Attorney's Office is prosecuting the case. The FBI with assistance from the Missoula Police Department, conducted the investigation.

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