Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System Briefs (03/05/2012)
  • OLYMPIA, Wash. (3/6/12)--Olympia (Wash.) CU alerted the Washington Department of Financial Institutions Monday that counterfeit checks bearing the credit union's name are surfacing in the area. The checks are apparently being mailed from an H&R Block branch in Olympia and appear to be drawn off an Olympia CU checking account, according to the credit union's Website. An accompanying letter states that the funds are sweepstakes winnings (Northwest Credit Union Association Anthem March 1). "Our front line staff received a call to verify funds on one of these checks," said Tammy Allender, $32 million asset Olympia CU's CEO said. After the employee informed the caller the check was not valid, an e-mail was sent to the entire staff warning about them about the possibility of fraudulent checks. More calls came in, and all staff informed the callers [the checks] were fraudulent." We had one institution that had kept its client's 'winning' letter along with a copy of the check, and they faxed it over so we could take a look. We then saw some of these checks showing up on our exception report, and of course those checks were returned" ...


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
3 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
4 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
5 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
5 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
6 hours ago