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CU System briefs (06/16/2008)
* LINCOLN, Neb. (6/17/08)--First Lincoln FCU has reported that counterfeit cashier's checks bearing its name are in circulation. The counterfeit items display the credit union's routing number, but the telephone number 1-888-214-2033 displayed is not accurate, according to the Federal Deposit Insurance Corp. They also have scrolled top and side borders and a patterned light blue hexagonal background, with the embossed numeric dollar amount printed in red. The back of the fake checks is white with blue lines and says, "This check is void without a patterned background on front." Authentic checks are light green with blue print, have red check numbers, have perforated top and bottom edges, and carry a warning on back that the back of the document is blue and has LineMark lines that change from dark to light in reflected light … * DECATUR, Ala. (6/16/08)--Family Security CU (FSCU), Decatur, Ala., received several phone calls Friday from individuals from California, Texas and Illinois concerning FSCU cashier's checks attached to lottery letters. All of the checks are counterfeit. "They have our name and address, but these checks are not in the correct format and have the wrong authorized signature at the bottom," Gina Turney, FSCU director of compliance and security, told News Now. FSCU expects more individuals to call about the checks within the next few days, Turney added … * TULSA, Okla. (6/17/08)--Tulsa Teachers CU was the target of massive three-pronged phish attempts earlier this month, according to a Tulsa Better Business Bureau alert (Tulsa World June 12). The attack, which originated in Davidson, N.C., involved e-mail phishing, text-messaging to cell phones and vishing or telephone calls, all asking for personal information. The attacks affected less than 20 credit union members. A few provided the information, and the credit union has closed their accounts and reopened new ones … * EDGEWATER, Md. (6/17/08)--Maryland and District of Columbia Credit Union Association staff and credit union officials met with congressional candidates recently at Aberdeen Proving Ground FCU's Operations Center. The candidates--State Sen. Andrew Harris, M.D., (R) and state attorney Frank Kratovil (D)--are running for the seat of Rep. Wayne Gilchrest (R-Md.). They answered questions from representatives of nine credit unions in the Dist. 1. The meeting is part of a process to determine who receives MDDCCUA's "Friend of Credit Union" status (Focus Newsletter June 16) … * RALEIGH, N.C. (6/17/08)--Coastal FCU in Raleigh is offering Interest on Lawyer's Trust Accounts (IOLTAs), a general trust account that bears dividends for attorneys and law firms that handle money on behalf of their clients. The $2.02 billion asset credit union said its IOLTA has no minimum balance requirements, has no monthly maintenance fees, and allows for unlimited monthly deposits and withdrawals. North Carolina law, effective June 30, requires that all attorneys holding money in trust for their clients must use an IOLTA. Coastal is participating to help attorneys comply with the law and to provide a public service … * PALO ALTO, Calif.(6/17/08)--Addison Café is the new online branch aimed at Generation Y members of the Addison Avenue FCU, a $2.064 billion asset credit union in Palo Alto, Calif. Members can apply for share draft accounts, auto and student loans, mortgages, and credit cards or participate in the site's blog …


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