A 55-year-old former employee has pleaded guilty to stealing more than €400,000 from the Synergy Credit Union in Fermoy, Co Cork.

Moira Coughlan, of The Stables, Mineville, Knocknahorgan, Sallybrook, Glanmire, Co Cork, appeared before Fermoy District Court this afternoon.

Investigating Detective Sergeant James O'Shea told the court that she had made no reply when charged with 592 counts of theft, unlawful use of a computer, and false accounting, totalling €407,441.94.

The thefts took place at the Synergy Credit Union in Fermoy on dates between 2009 an 2016.

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Inspector Tony O'Sullivan, on behalf of the State, told Judge Brian Sheridan that the DPP had directed that she go forward for trial on indictment to the circuit court.

Her solicitor Joseph Cuddigan confirmed that she would be doing so on a signed plea of guilty.

She was remanded on continuing bail to appear again before the court at the circuit court sittings in Cork on 6 June.

Judge Sheridan said the issue of free legal aid would be dealt with in that court.