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News Now

CU System
Phony e-mail not from Federal Reserve or Treasury
HARRISBURG, Pa. (2/11/09)--Several leagues are warning credit unions that an e-mail purportedly from the "Federal Reserve Bank System Administration" is bogus. The phony e-mail informs recipients that the U.S. Treasury Department has issued "new directions for U.S. Federal Wire and ACH (automated clearinghouse) online payments," according to the Pennsylvania Credit Union Association (PCUA) (Life is a Highway Feb. 10). The message includes grammatical errors and informs recipients there are "definite restrictions on Federal Wire and ACH transfers till Feb. 20." The message includes a link to a fake website. It was not send from the Federal Reserve or the Treasury. Those receiving the message are being told, "Do not click on the links." Both PCUA and the Delaware Credit Union League alerted their credit unions to the scam.


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