Former employee sentenced for embezzling more than $300K from Austin-area credit union
Published: Wed, 01/17/24
Former employee sentenced for embezzling more than $300K from Austin-area credit union
The former credit union employee made unauthorized withdrawals from customer accounts, including a dead account holder.AUSTIN, Texas — A Georgetown woman was sentenced to 41 months in prison for embezzling $325,708 from a local credit union while she was working there.
According to court documents, 44-year-old Tracy Mikulencak embezzled around $144,000 from her teller drawer and the vault while working at A+ Federal Credit Union. Auditors for the credit union also found Mikulencak made unauthorized withdrawals from customer accounts, including a dead account holder.
In addition to her prison time, Mikulencak was also ordered to pay $302, 668 in restitution, the U.S. Department of Justice said.
“The excellent investigative work by our partners at the FBI and the Georgetown Police Department unraveled a scheme by a trusted credit union employee to steal hundreds of thousands of dollars from the credit union and its members,” said U.S. Attorney Jaime Esparza for the Western District of Texas. “These crimes strike at the heart of our banking system. Those entrusted with customer funds must be held to the highest standards of honesty and integrity. The judge's sentence in this case affirms the commitment of the U.S. Attorney's office to swift and certain punishment.”
The FBI and Georgetown Police Department investigated the case.
“Tracy Mikulencak used her position to steal from the elderly and from grieving family members of a deceased customer. This sentence is reflective of the FBI’s commitment to stopping criminals who take advantage of vulnerable members of society,” said Acting Special Agent in Charge Doug Olson for the FBI San Antonio Division. “We want to thank the Georgetown Police Department for their continued partnership in keeping our communities safe.”