CHICAGO – Authorities are investigating the books of two tiny credit unions after their manager left a suicide note confessing to stealing thousands of dollars from one of them.
Walter Feulner, 65, was found by his wife Monday morning, hanged by an electrical cord in his garage. A note he left indicated he was consumed by guilt because he had stolen cash from the Chicago Transit Authority's South Shop CU, an $800,000 credit union he managed.
Authorities are also investigating another tiny credit union he managed, and School District 123 CU.
Feulner's wife said she was unaware of any fraud but said Feulner had been "very stressed" since she was diagnosed with ovarian cancer last year. She had no health insurance and the couple incurred medical expenses of more than $100,000, which they were struggling to pay, she said.
