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CU System
CU president suspect in embezzlement commits suicide
WISCONSIN RAPIDS, Wis. (11/5/09)--The former executive of a Wisconsin credit union, who was facing federal embezzlement charges at the credit union, committed suicide. The body of David K. Henke, 50, former president/CEO of Rapids Municipal CU--which merged into Bull’s Eye CU, Wisconsin Rapids, Wis., in December--was found inside his vehicle Monday by sheriff’s deputies (The Daily Tribune Nov. 3). Deputies were looking for Henke after he failed to appear Monday for a plea hearing in U.S. District Court in Madison, Wis. Federal Judge Barbara S. Crabb issued a warrant for his arrest, the newspaper said. Henke allegedly embezzled $634,000 from the credit union’s accounts from November 1999 to October 2008, the paper said. Bull’s Eye is working with members to replace the money they lost in their accounts, the paper added.


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