Former CU teller charged with embezzlement (Image: Shutterstock).
Stephanie Joyce-Bennett Beauford, a former teller at the $995 million Michigan First Credit Union in Lathrup Village, Mich., pleaded guilty to embezzling $24,000 from a 92-year-old member's account while she was hospitalized, Michigan Attorney General Dana Nessel said last week.
Beauford had been a teller at Michigan First since 2005.
Recommended For You
The credit union fired her after admitting she withdrew the funds from the elderly member's account.
After paying $4,000 in restitution last week, Beauford pleaded guilty in a state court to one count of embezzlement from a vulnerable adult. The Attorney General's office said she earlier paid $20,000 in restitution.
The embezzlement was referred to the Attorney General's office by the Michigan Department of Insurance and Financial Services in early 2018 after a complaint was submitted by the victim's family.
Beauford is scheduled for a sentence hearing in February.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
