The $150 million Priority One Credit Union, headquartered in South Pasadena, Calif., said it wants to warn credit unions across the country about attempted fraud on its cashier's checks.
Charles Wiggington, CEO of the 26,000-member credit union, reported 12 counterfeit cashier's checks had been presented for payment since the first of May. The counterfeit checks are printed on check paper and carry the old CU Swirl logo, which has since been replaced by the CO-OP Shared Branching logo.
"We're members of FSCC [Financial Service Centers Cooperative] and think the original check they are counterfeiting is about a year to 18 months old," Wiggington said.
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