X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LATHAM, N.Y. – Add New York to the growing number of states reporting fake credit union advertisements. According to the New York State Credit Union League, an ad for “First Rate Credit Union”, which ran in the Mississippi’s “Greenwood Democrat” included the non-existent credit union’s address in Middletown, N.Y. As in other cases the Middletown address referenced turned out to be residential. The NYSCUL has forwarded the ad to NCUA and the New York State Banking Department. Credit unions or members noting similar cases are encouraged to contact NCUA and their state Banking Department. To date the fake advertisements have appeared in at least nine states.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.