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Press Release

Former Credit Union Employee Sentenced in Austin for Embezzlement

For Immediate Release
U.S. Attorney's Office, Western District of Texas

AUSTIN, Texas – A Georgetown woman was sentenced in a federal court in Austin to 41 months in prison for embezzlement by a credit union employee.

According to court documents, Tracy Mikulencak, 44, embezzled approximately $144,000 from her teller drawer and the vault while working at A+ Federal Credit Union. A+ auditors also revealed that Mikulencak had made unauthorized withdrawals from customer accounts, including a deceased account holder. In total, Mikulencak embezzled $325,708 from the credit union. In addition to her imprisonment, Mikulencak was also ordered to pay $302,668 in restitution.

“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.”

“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.”

The FBI and Georgetown PD investigated the case.

Assistant U.S. Attorney Dan Guess prosecuted the case.


Updated January 16, 2024

Financial Fraud