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CU System
Counterfeit checks reported by CUs in five states
MADISON, Wis. (11/23/10)--Credit unions from New York, Pennsylvania, Washington, Iowa and California reported counterfeit checks scams, CUNA Mutual Group announced on Wednesday, according to the New Jersey Credit Union League (The Weekly Exchange Nov. 15). Some examples are:
* Money FCU, Syracuse, N.Y.--A nonmember of the credit union called to verify a $950 Money FCU official check received unsolicited in the mail; * Collins Community CU, Cedar Rapids, Iowa--Old credit union official checks were used for a mystery shopper scam; * Patriot FCU, Chambersburg, Pa.--Cashier’s checks were received in the mail accompanied by a letter from Manulife Financial advising the recipients that they were winners in the U.K. & North America Consumer Promotion draw organized for all customers of Wal-Mart, K-Mart, Kohl’s, Safeway, and other retailers; * Fibre FCU, Longview, Wash.--The payee of a credit union cashier’s check was altered, and the next day, the same check number and dollar amount were presented with a different payee; * SafeAmerica CU, Pleasanton, Calif.--The credit union has received several calls from banks asking to verify the validity of checks, as it appears to be part of a lottery scam; and * NBA CU, Bristol, Conn.--Counterfeit NBA CU checks are in circulation. The checks are being presented in New Jersey in the amounts of $4,850.20 to $8,850.20. The logo seems to have been copied and pasted onto the counterfeit check. The signature is not from an official signer. The check numbers range from 993281 to 993286.
Credit unions experiencing a loss can contact the CUNA Mutual Credit Union Protection Response Center at 800-637-2676 or click on the link below. In other activity related to counterfeit checks, the Virginia Credit Union League joined the battle to fight check fraud. The league is in a partnership with three other organizations in "Don't Become a Target," a program unveiled last week to educate consumers and financial institutions about bad check scams. The league is partnering with the Virginia Bankers Association and the Consumer Federation of America (CFA) in handing out brochures created by the CFA about fake check scams and similar frauds to members who deposit check or money orders of $1,000 or more or to withdraw $1,000 or more.
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