Withdraw cash from an ATM. Source: Shutterstock.

The $750 million Team One Credit Union in Saginaw, Mich., said criminals exploited numerous member accounts on Saturday by reproducing fraudulent debit cards to gain access to member funds.

“We took immediate action to shut down this illicit activity, including closing all Team One owned ATM/ITMs and contacting local and state police agencies to share important information regarding this incident,” Team One President/CEO Derrick Barber said in a prepared statement. “By working with our partners, we were able to take steps to combat additional fraud and believe we have little future exposure tied to this event. Rest assured, our members will be reimbursed for any funds wrongfully taken from their accounts.”

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