FBI Believes It Has Finally Caught Elusive 'CU Bandit'

Credit Union Journal, The, April, 2002 by Ed Roberts, D.C. Bureau Chief

Federal and state law enforcement officials were building a case last week against a man suspected of being the "Credit Union Bandit," an armed robber who terrorized credit union and bank workers in eight states during an 18-month period.

The suspect, identified as 57-year-old Richard Matzke of Urbandale, Iowa, was being held in the Polk County Jail here last week after being charged with a single heist, the May 18, 2001 hold-up at Ralston Purina ECU in nearby Davenport, Iowa. But evidence was mounting last week connecting Matzke, convicted of a 1993 armed bank robbery in Minneapolis, to 25 robberies or attempted robberies, including as many as 20 at credit unions, earning him the nickname "the Credit Union Bandit."

Building A Case

FBI spokesperson Larry...

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