In a cease and desist, Georgia's chief financial regulator hasordered a suburban Atlanta firm, Georgia Entertainers Credit Union,to halt calling itself a credit union.

In an order issued last Tuesday following an earlier agencywarning sent to the firm in April, Robert Braswell, the state'scommissioner of banking and finance, said the agency “has no recordof Georgia Entertainers Credit Union and has not approved thisentity to organize a credit union or conduct a credit unionbusiness in Georgia.”

The firm on its website and in a recorded message promotes“exceptional events and services” and asks potential members tofill out “a mandatory form to receive the benefits” of membership.The message states the “credit union” is “not open to take yoursavings dollars at our branch” but urges consumers to sign uponline.

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

  • 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.
NOT FOR REPRINT

© 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.