Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUs In Two States Report Scams
MADISON, Wis. (8/19/13)--Several credit unions across Pennsylvania have reported they were approached by a company charging a fee for their records with a threat they would be put on a "bad standing" list if they didn't, and an Oregon credit union is alerting members to a merchant data breach.

In Pennsylvania, several credit unions reported they received a form in the mail from "Corporate Records Services" of Harrisburg, Pa., requesting a fee of $125, along with a list of the company's annual records, annual meeting minutes and a list of shareholders. If they don't respond, the records company threatens to put them on a "bad standing" list, said the Pennsylvania Credit Union Association (Life is a Highway Aug. 16).

This is a national scam, according to the Department of State and the company is not connected with state. The U.S. Postal Service is investigating.

Also in Pennsylvania, New Castle-based GNC Community FCU warned that fraudulent checks that contain the credit union's name and routing information are being circulated. Several checks were presented to the Saigon National Bank with the information, said PCUA. The checks for $79.99 are payable to Health and Wellness Services of Beverly Hills, Calif., and the memo accompanying the checks includes an inactive toll-free number.

In Beaverton, Ore., Rivermark Community CU, with $547.3 million in assets, said it is taking preventative measures and reissuing debit and credit cards of nearly 1,000 members after receiving a notice from Visa about a possible data breach at an undisclosed merchant. Cardholders at other financial institutions are also being warned their accounts may have been compromised by the breach (The Oregonian Aug. 14).

Visa sent an alert Aug. 7 indicating that the exposure occurred between June 14 and July 20, but it did not disclose where the breach may have occurred because the breach is under investigation, said the newspaper.  Last year, the card company changed how it alerts financial institutions to possible breaches.  Now it sends alerts earlier in the investigation but doesn't identify the specific location or circumstances until the investigation is completed.
RSS





print
News Now LiveWire
It's Monday, time for another data breach release: @Uber's driver database via @pymnts #Stopthedatabreaches http://t.co/UoMcy4j5n4
58 minutes ago
.@Nussle, Cummins share #creditunion difference with Minn. biz journal http://t.co/7EZ4FdgfD9
1 hour ago
.@cuna #GAC2015 countdown: @USTreasury 's Gerety, @CFPB 's Martinez join power-packed lineup http://t.co/nHNJ81tGbi
2 hours ago
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
22 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago