ALEXANDRIA, Va.–NCUA issued one prohibition notice in August, prohibiting the individual from participating in the affairs of any federally insured financial institution.
Issued the prohibition order was Bethann Kraenzlein, a former employee of Northland Area Federal Credit Union in Michigan, who was sentenced in May to three months in jail plus probation after embezzling more than $10,000. In all, there were 18 individual charges filed related to her job as a teller. Kraenzlein, 48, has also been ordered to pay $12,518 in assessments, according to the Oscoda Press.
NCUA noted prohibition and administrative orders are searchable by name, institution, city, state, and year at the agency’s Administrative Orders webpage. The webpage also provides links to the federal enforcement actions of federal banking agencies against other institutions or their affiliated parties.