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News Now

CU System
CU System briefs (08/01/2012)
  • GREENVILLE, S.C. (8/2/12)--The "Credit Union Alert" text scam making its way across the country is in South Carolina. Carolina Foothills FCU, Spartanburg, S.C., told local media it was flooded with calls from members who received an alert on their cell phones saying their debit and credit cards had been deactivated (WSPA.com July 31). Recipients are told to call a number and provide their card information. The number has since been deactivated. Among those receiving the text was Melissa Weaver, daughter of Carolina Foothills CEO Richard Weaver. Although her father routinely tells her not to respond to email phishing, she told media she believed the alert. However, instead of calling back, she stopped by the credit union because she needed cash. The credit union reiterated that no financial institution would ask for account information in a text, e-mail, or phone call …
  • PEARL RIVER, N.Y. (8/2/12)--Pearl River, N.Y.-based Palisades FCU (PFCU) announced that its members have received more than $4 million in direct financial benefits in 2011, according to the "Benefits of Membership Report" from the Credit Union National Association. The benefits are equal to $370 per member or $452 per member household. The report compared the credit union's interest rates, loan rates and fees to those of other banks in the state and combines the statistics with PFCU's call report data to estimate the annual benefits …


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