Custer County Supervisor Listed In Lawsuit For Failing To Pay Remainder Of $500,000 Loan

CUSTER COUNTY— According to court documents, Custer County Supervisor Doug Stunkel has been listed as a defendant in a lawsuit along with three other individuals including board members of 542 Inc., filed by Custer Federal State Bank. Documents indicate that in November of 2012 Custer Federal granted a $500,000 loan to the president and secretary of 542 Inc.

It is also listed by court documents that Doug Stunkel and two other individuals were listed as commercial guarantees and failure to make payments on the loan would result in Custer Federal State Bank taking legal action to recover personal property (collateral) from the signees.

The total loan that remains to be paid is $341,027.86 as of August 2019. Court records indicate a hearing will be held on September 26 in Custer County District Court.

Doug Stunkel is also scheduled in Custer County Court on October 4 at 10 AM where he is facing charges of alleged fictitious plates (class III misdemeanor), no proof of insurance (class II misdemeanor), and operating a motor vehicle without registration (class III misdemeanor). If found guilty of all charges, Stunkel could face a maximum sentence of 1 year in prison and/or $2,000 in fines.

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