A Madison man was indicted Wednesday in federal court for allegedly robbing the Badger Credit Union on July 31. The indictment alleged that Michael P. Caldwell, 34, used a dangerous weapon while robbing the credit union located at 1101 Spring Street in Madison.
If convicted, Caldwell faces a maximum penalty of 25 years in federal prison. The robbery was investigated by the Madison Police Department, University of Wisconsin Police Department, and Federal Bureau of Investigation.