ARLINGTON, Va. – Experts with CUNA Mutual Group, the insurer of 94% of the nation's credit unions, have reported that the pace of robberies in 2002 was down from 2001 but have refused to estimate the number of robberies in 2003.
Based on the most recent data available, the impression is that the pace of credit unions robbed across the country has been stabilizing overall, which is part of why the events of August 12 at a Webster, N.Y. branch of Xerox Federal Credit Union shocked so many.
On that Tuesday morning, a lone gunman, wearing a windbreaker that strongly resembled those worn by FBI agents and an apparently authentic U.S. Marshall's badge, walked into the branch of the $684 million credit union and demanded money. By the time he had left one credit union member and Xerox employee, Raymond Batzel, age 52, lay dead on the ground from a gunshot wound to the head while another, Joseph Doud, 28, was shot in the shoulder.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 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.
