Suicide in Wilkes-Barre as FBI, NCUA Close In
Dominick P. Pannunzio, an attorney for the Wilkes-Barre City Employees Federal Credit Union, spoke over the phone with the cooperative’s manager Jim Payne at about 10 a.m. Monday.
Six hours later, the 50-year-old Payne fatally shot himself at his Bear Creek, Pa., home after public reports that he was potentially being targeted in an FBI investigation of the $41 million, 2,626-member credit union.
NCUA financial performance reports show Wilkes-Barre City Employees FCU posted a net worth of 12% over the past five years, equal to its peer average.
From 2009 to 2013, the credit union’s total loans have remained steady averaging about $4.2 million annually. In the same years, its loan income has averaged about $790,000 annually, NCUA financial reports show.