CUNA News Now: CU president, suspect in embezzlement, commits suicide

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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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	News Now LiveWire Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey. 11 hours ago St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX 11 hours ago CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN. 16 hours ago NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts. 4 days ago Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan. 4 days ago Sign up; more tweets... 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. More CU/System
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