Doug Schwartz, president/CEO of the $147 million Elko Federal Credit Union, was killed in a hit and run incidentWednesday in Elko, Nev., according to the credit union's boardchair, Jon Wahrenbrock, and local media outlets.

The 58-year-old Schwartz was struck by a Jeep Cherokee while hewas crossing the street to his vehicle at about 8:10 p.m. He wastransported to Northeastern Nevada Regional Hospital, where hedied, according to the Elko Daily Free Press.

The suspected driver, Daniel Vasu, 28, of Elko, was arrested bypolice Thursday on a hit and run charge, a felony, according to thenewspaper. His bail was posted at $100,000.

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