TAWAS CITY – A National City woman faces up to 20 years in prison for the alleged embezzlement of more than $10,000 from the Northland Area Federal Credit Union.
Bethann Kraenzlein, 48, was bound over to Iosco County’s 23rd Circuit Court on 19 individual charges of felony embezzlement from a financial institution while she worked as a teller for the agency.
She is currently out of the Iosco County Jail on a $25,000 bond. Kraenzlein is set to appear March 4 in court for a pretrial conference, according to court documents.
According to officers from the Tawas Police Authority, an investigation into the alleged embezzlement began in October when a customer from the Tawas City credit union branch inquired about a $500 withdrawal that he claimed he did not make from his account.
Credit union officials made an inquiry and showed that the customer had requested $20 on Sept. 22 and that Kraenzlein – who worked that the branch – completed the transaction, with a signed receipt by the customer.
“A few hours later on Sept. 22 another $500 withdrawal transaction was completed by Kraenzlein (from the aforementioned customer’s account),” as stated in the report.
Credit union officials said there was allegedly no signed receipt for this transaction, and video surveillance confirmed the customer was not in the credit union location at the time of the transaction.
Investigators said that the video allegedly shows Kraenzlein running the transaction, dispensing cash from the cash recycler and putting the cash into a drive-thru envelope. Shortly after the video allegedly shows her putting the cash envelope into her purse.
An investigation by credit union officials allegedly showed that from between April 18 through Oct. 12 Kraenzlein allegedly withdrew amounts between $300 to $2,000 from 10 different member accounts.
From the various accounts, the most she took from an individual account, from the investigation, was a total of $2,000 from a member account five different times. The total amount allegedly embezzled was $10,650.
After an interview of Kraenzlein, she allegedly admitted to withdrawing the money without permission while working at the credit union.
She allegedly told police that she got behind financially and used the cash to pay bills, rent, car insurance, food, gas and toward her business, Pink Zebra.