Several credit unions in Northeast Ohio, including the Cleveland-based, $311 million Century Federal Credit Union, were affected by a debit card fraud breach that began in April, according to reports from the suburban North Olmsted Police Department.
Police reports indicate that criminals made fraudulent purchases from six Century FCU accounts, as well as from two accounts at the Cleveland-based, $180 million Firefighters Community Credit Union, two accounts at the Parma, Ohio-based $100 million PSE Credit Union, one account at the Cleveland-based, $36 million Steel Valley Federal Credit Union and one account at the Akron, Ohio-based, $180 million GenFed Credit Union.
Century President/CEO Tony Coniglio told Credit Union Times that more than just six of his members were affected – the CU has received reports of fraud from about 200 of its 26,000 members to date.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.