FDIC Fraud Alerts 3-9-10

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
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Counterfeit Official Checks

CommunityONE Bank, National Association, Asheboro, North Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 053102191, which is assigned CommunityONE Bank. The following security feature statement is embedded in the top border: "FOR SECURITY PURPOSES, THE FACE OF THIS DOCUMENT CONTAINS A COLORED BACKGROUND AND MICROPRINTING IN THE BORDER." A security feature statement is also displayed along the bottom border between two padlock icons.

Authentic checks have the following security feature statement embedded in the top border: "CHECK IS PRINTED ON PAPER THAT HAS FLUORESCENT PAPER FIBERS, A WATERMARKED BACKER AND IS REACTIVE TO CHEMICAL ALTERATION."

Any information you have concerning this matter should be brought to the attention of:

Richard L. Jurgensen, CBCP
Vice President and Director of Security
CommunityONE Bank
P.O. Box 1328
Asheboro, North Carolina 27204-1328
Telephone: (336) 626-8315
Cellular: (336) 953-3555
Fax: (336) 318-7885
E-mail: Rick.Jurgensen@myyesbank.com
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Counterfeit Cashier’s Checks

PrimeSouth Bank, Blackshear, Georgia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 061203655, which is assigned to PrimeSouth Bank. The items are very similar to authentic cashier's checks; however, the counterfeit items display a security feature statement embedded in a darkened top border and along the bottom border between two padlock icons.

Any information you have concerning this matter should be brought to the attention of:

Vickie R. Vincent
Internal Auditor
PrimeSouth Bank
530 Memorial Drive
Waycross, Georgia 31501
Telephone: (912) 283-6685, extension 138
Fax: (912) 490-9992
E-mail: vvincent@primesouth.com
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Counterfeit Official Checks

Amboy Bank, Old Bridge, New Jersey, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. Amboy Bank does not issue official checks; however, it does issue cashier's checks.

The counterfeit items display the routing number 021204416, which is assigned to Amboy Bank, but are markedly dissimilar to authentic checks. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks. The words "OFFICIAL CHECK" are in the top-center area. The bank's name and location are displayed in the lower-left corner.

Authentic checks have a basket weave background with ornate borders. A padlock security icon is embedded in the right border. A "NOTICE TO CLIENTS" statement appears below the words "CASHIER'S CHECK" in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:

Jane Minervini
Security Officer
Amboy Bank
3590 U.S. Highway 9
Old Bridge, New Jersey 08857
Telephone: (732) 591-8700, extension 5946
Fax: (732) 591-8953
E-mail: jminervini@amboybank.com
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Counterfeit Official Checks

1st National Bank of South Florida, Homestead, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. 1st National Bank of South Florida does not issue official checks; however, it does issue cashier's checks.

The counterfeit items display the routing number 063106705, which is assigned to First National Bank, Wauchula, Florida. The counterfeit items are markedly dissimilar to authentic cashier's checks and have scrolled borders on the top and sides. The words "OFFICIAL CHECK" are top-centered inside a rectangle with security feature statements on each side. A restrictive amount statement is displayed above two signature lines.

Authentic cashier's checks display the routing number 067005145, which is assigned to 1st National Bank of South Florida. A security feature statement is embedded in a darkened top border. A "NOTICE TO CUSTOMERS" statement is in the top-center area, and the words "CASHIER'S CHECK" are in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:

Elaine Berryman
Vice President
1st National Bank of South Florida
1550 North Krome Avenue
Homestead, Florida 33030
Telephone: (305) 247-5541
Fax: (305) 248-1090
E-mail: eberryman@1stnatbank.com
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Counterfeit Cashier’s Checks

Peoples Bank of East Tennessee, Madisonville, Tennessee, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 264271183, which is assigned to Athens Federal Community Bank, Athens, Tennessee. The items are markedly dissimilar to authentic cashier's checks. The words "CASHIERS CHECK" are top-centered. The bank's name and erroneous location ("Vemore, Tennessee") are displayed in the top-left corner.

Authentic cashier's checks display the routing number 064208398, which is assigned to Peoples Bank of East Tennessee. They are gray with a speckled background and have a gold foil strip across the top. The words "CASHIER'S CHECK" are in the lower left corner. The bank's logo, name, slogan, office name and location ("Madisonville, Tennessee") are in the top-center area. A security feature statement is below the written dollar amount line. A security padlock and vertical feature statement are on the right side.

Any information you have concerning this matter should be brought to the attention of:

Leonard Blevins
Executive Vice President and Chief Financial Officer
Peoples Bank of East Tennessee
4511 Highway 411
Madisonville, Tennessee 37354
Telephone: (423) 442-7262, extension 8239
Fax: (423) 442-8056
E-mail: lblevins@peoplesbank-tn.com
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Counterfeit Cashier’s Checks

CornerBank, National Association (known as CornerBank, N.A.), Winfield, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101101109, which is assigned to CornerBank, N.A. The items are similar to authentic cashier's checks; however, the counterfeit items have a security feature statement embedded in the top border, which has rounded corners. A security watermark that displays a picture of a knight and the word "FINGERPRINT" is displayed within the signature area. A pink heat sensor is located in the lower-right corner. The words "Purchased For" are displayed in the lower-left corner.

Authentic cashier's checks have a vertical security feature statement along the right border. The bank's logo, name, P.O. Box, city, state, zip code and telephone numbers are displayed in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:

Gloria L. Ulbrich
Senior Vice President, Deposit Operations
CornerBank, National Association
900 Main Street
Winfield, Kansas 67156
Telephone: (620) 221-1650
Fax: (620) 221-6047
E-mail: gloriau@cornerbanks.com
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Reality Fair Sample CU Web Page

Attention:
Credit Unions Participating in Financial Reality Fairs

Toot Your Financial Literacy Horn!
Tell your members you participate in Financial Reality Fairs to help our young people learn how to manage their money.

An excellent means to getting the word out to your membership that your credit union actively participates in promoting financial literacy among our youth is having a presence on your website, preferably on your home page. Proclaim your participation there and it will be seen and noted by online visitors!

Each time a member logs on to your website, he or she will see that their credit union takes a proactive stance on educating our young people in the sometimes fun but always challenging world of learning to manage finances.

Use the resources below—text, graphics, or both—to populate your website with visuals and words that explain what a Financial Reality Fair is and why it works well to instill sound judgment in the practical matter of managing money in all who particpate.

The graphic banner should ideally be placed on your home page. Use it as a link to your Financial Literacy or Financial Reality Fair page where you can post the text and photos found below (or ones of your own) that explain what this practical exercise is all about.

Click to download the Banner graphic.
Click to download the Reality Fair logo.

For questions, please contact Barb Bass at bbass@culct.coop.
____________________________________________________________________________
____________________________________________________________________________

Your Credit Union in the Community

An important goal of your credit union is to provide financial education to our members in order to help them better manage their money on a day-to-day basis as well as direct funds to savings for the future. How to budget, how to look for the best prices, how to stay out of or at least manage debt—it’s a learning process that all of us have gone through. With the products and services that your credit union offers, our members can take steps to control their financial lives not only for today, but also for tomorrow.

An excellent way to accomplish this, we feel, is to help our youth understand the workings of earning and spending, budgeting, and saving. Developing financial understanding at an early age instills good financial habits to carry throughout a lifetime. For many young people, this can often begin by participating in a Financial Reality Fair.

The Financial Reality Fair is an approximately 2.5-hour, hands-on experience in which students, after identifying their career choice and starting salaries, are provided a budget sheet requiring them to live within their monthly salary while paying for basics such as housing, utilities, transportation, clothing, and food. And some not-so-basics like entertainment and travel.

Along the way there are many temptations for additional spending, and students must learn to balance their wants and needs to potentially live on their own. After they have visited the various booths covering components of independent living, students will balance their budget, and then sit down with a financial counselor to review their standing. The Fair is a unique opportunity for each student to experience some of the financial challenges they will face when they start life on their own.

An important feature of a responsible financial lifestyle is saving. In the Financial Reality Fair experience, students are encouraged to save a minimum of 10% of their income, placing 3% in a long-term retirement investment, and 7% in a shorter-term investment. The Financial Counselors explore the importance of planning for future needs and preparing for future financial challenges through savings. The Fair will tempt students to spend their income on “fun,” but the financial counselors will bring the focus back to saving and thrift practices.

Since last year, Connecticut credit unions have organized Financial Reality Fairs to help our youth realize the importance of understanding how personal finances work and how they affect not only money management for today, but also for the future. In 2009, approximately 1,000 students participated in Fairs throughout the state of Connecticut. More than 2,000 students are scheduled to participate in Fairs during the 2009-2010 school year.

While many schools provide personal finance classes to teach students how to balance a checkbook and manage savings and checking accounts, it wasn’t until the development of the Financial Reality Fair that students have had the practical opportunity to put what they have learned in the classroom to the test in the “real world.” And while the Reality Fair is essentially “rhetorical”—that is, it’s an exercise in a controlled environment for practical application of budgeting based on the real financial world—it provides a very clear picture of what is to come in the lives of our young people. And for many, it is a real eye-opener.
_______________________________________

Your Credit Union’s Participation in Financial Reality Fairs

[Insert your specific information here.]
_______________________________________

From recent Financial Reality Fairs:

Making decisions about important life choices does not always come easily.
Click to download the making decisions photo.

Students spin the Wheel of Reality to see whether they gain or lose money
for their projected monthly budget.
Click to download the Wheel of Reality photo.

Balancing their budget is an integral part of the Reality Fair exercise.
Click to download the Balancing Budgets photo.

FDIC Fraud Alerts 3-2-10

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Cashier's Checks

Blue Ridge Bank, Walhalla, South Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 053207669, which is assigned to Blue Ridge Bank. The items are very similar to authentic cashier's checks; however, the counterfeit items have a security feature statement between two padlock icons in the bottom border. Authentic checks have ornate borders.

Any information you have concerning this matter should be brought to the attention of:

Eva McGowan
Compliance Officer
Blue Ridge Bank
P.O. Box 889
Walhalla, South Carolina 29691
Telephone: (864) 638-5444
Fax: (864) 638-2425
E-mail: emcgowan@brbwal.com
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Counterfeit Cashier's Checks

Byron Bank, Byron, Illinois, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 071908908, which is assigned to Byron Bank. A security feature statement is embedded in a darkened top border. The bank's name and address are located near the top center. One microprint signature line appears in the lower-right corner. The word "Remitter" is located above the payee line on the right.

Authentic cashier's checks display the bank's logo, name and location in the top center of the items. A security features statement appears below the written amount line. Two microprint signature lines appear in the lower-right corner. A restrictive feature statement appears above the signature lines.

Any information you have concerning this matter should be brought to the attention of:

Rick Meyer
Vice President Finance
Byron Bank
P.O. Box 901
Byron, Illinois 61010
Telephone: (815) 234-2561
Fax: (815) 234-8252
E-mail: customerservice@byronbank.com
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Counterfeit Cashier’s Checks

1st Manatee Bank, Parrish, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 063116339, which is assigned to 1st Manatee Bank. The items are similar to authentic cashier's checks; however, "Parrish" is misspelled on the counterfeit items.

Authentic checks have security feature statements embedded in darkened top and bottom borders. A microprint signature line appears in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:

Brian M. Watterson
Chief Financial Officer
1st Manatee Bank
12215 US Highway 301 North
Parrish, Florida 34219
Telephone: (941) 776-5040, extension 310
Fax: (941) 776-9191
E-mail: bwatterson@1stmanatee.com
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Counterfeit Cashier’s Checks and Official Checks

Lewisburg Banking Company, Lewisburg, Kentucky, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's and official checks bearing the institution's name are in circulation. Lewisburg Banking Company does not issue cashier's or official checks; however, it does issue bank money orders.

The counterfeit items display the routing number 083905342, which is assigned to Lewisburg Banking Company. The items have a security feature statement along the top border. The words "CASHIER'S CHECK" or "OFFICIAL CHECK" are encircled in the top center of the items. The bank's name, along with a logo, P.O. Box and telephone number, is displayed in the top-left corner. The P.O. Box and telephone number are not associated with the bank.

Authentic money orders have ornate borders and the words "BANK MONEY ORDER" are top-centered within a darkened box. The bank's name, logo and P.O. Box appear near the bottom-left corner.

Any information you have concerning this matter should be brought to the attention of:

James Justice
Vice President and Chief Operations Officer
Lewisburg Banking Company
287 North Main Street
P.O. Box 278
Lewisburg, Kentucky 42256
Telephone: (270) 755-4818
Fax: (270) 755-4840
Email: james.justice@lewisburgbank.com
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Counterfeit Checks

Advanta Bank Corporation, Draper, Utah, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 124384848, which is assigned Advanta Bank Corporation. The items have a security feature statement embedded in a top border with rounded corners. The words "CHECK NO." are displayed in the top-right corner. A box for the numeric dollar amount appears on the right side. The statement "VOID AFTER 60 DAYS FROM CHECK DATE" appears in the lower-left corner. The words "AUTHORIZED SIGNATURE" are in the lower-right corner.

Authentic checks have security feature statements embedded in the top border between darkened squares (one in each corner and one in the center). The bank's name ("Advanta Bank Corp") appears in the top-center area. A padlock security icon is embedded in the right border.

Any information you have concerning this matter should be brought to the attention of:

Chris J. Callister
Senior Fraud Operations Manager
Advanta Bank Corporation
11850 South Election Road
Draper, Utah 84020
Telephone: (801) 619-7453
Fax: (877) 584-0481
Email: ccallister@advanta.com
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Counterfeit Official Checks

Elsa State Bank and Trust Company, Elsa, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. Elsa State Bank and Trust Company does not issue official checks; however, it does issue cashier's checks.

The counterfeit items display the routing number 114922142, which is assigned to Elsa State Bank and Trust Company. The counterfeit items are markedly dissimilar to authentic cashier's checks. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks. The words "OFFICIAL CHECK" are in the top-center area. The bank's logo, name and location are displayed in the top-left corner. There is one "AUTHORIZED SIGNATURE" line in the lower-right corner. The word "MEMO" appears in the lower-left corner.

Authentic cashier's checks display the routing number 092005411, which is assigned to First Interstate Bank, Billings, Montana. Elsa State Bank issues its cashier's checks through a payable-through account held at First Interstate Bank. Authentic checks display a security feature statement directly below the top border. The words "CASHIER'S CHECK" are displayed on the right side of the checks. The bank's name and location are in the top-center area. A "NOTICE TO CUSTOMERS" statement appears in the top-left corner above a "Remitter" line. There are two "AUTHORIZED SIGNATURE" lines in the lower-right corner. A "PAYABLE THROUGH" statement appears in the lower-left corner of the checks.

Any information you have concerning this matter should be brought to the attention of:

Irma Solis
Bookkeeper
Elsa State Bank and Trust Company
300 West Edinburg Avenue
P.O. Box 397
Elsa, Texas 78543-0397
Telephone: (956) 262-1391
Fax: (956) 262-4768
Email: irmasolis@elsastatebank.com
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Counterfeit Cashier’s Checks

Elgin State Bank, Elgin, Illinois, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 071908063, which is assigned to Elgin State Bank. A security feature statement is top-centered on the items. The bank's name and address appear twice toward the top of the items. The words "CASHIER'S CHECK" are displayed below the bank's name on the left side. A "MEMO" line appears in the lower-left corner and a signature line appears in the lower-right corner.

Authentic cashier's checks display a security statement near the lower-left corner. A security padlock icon is displayed in the right border. The bank's name and logo appear in the top-left corner, with the words "Cashier's Check" top-centered. Two signature lines appear in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:

Mike Morrison
Anti-Money Laundering and Fraud Analyst
Elgin State Bank
1001 South Randall Road
Elgin, Illinois 60123
Telephone: (847) 429-6780
Fax: (847) 429-6785
Email: mmorrison@elginstatebank.com
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Lost or Stolen Cashier’s Checks

Mega Bank, San Gabriel, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that 125 cashier's checks bearing the institution's name were lost or stolen.

The associated cashier's checks range in numbers from 011751 to 011875 and display the routing number 122244870, assigned to Mega Bank.

Any information you have concerning this matter should be brought to the attention of:

Peter Leung
Vice President and Operations Administrator
Mega Bank
245 West Valley Boulevard
San Gabriel, California 91776-3737
Telephone: (626) 382-1538
Fax: (626) 282-9333
E-mail: pleung@megabankusa.com

FDIC Fraud Alerts 2-2-10

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Official Checks

Investors Savings Bank, Short Hills, New Jersey, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 221272031, which is assigned to Investors Savings Bank. A security feature statement is embedded in a darkened top border. The words "AUTHORIZED SIGNATURE" appear in the middle of the items. The word "DOLLARS" appears on the right side. One signature line is displayed in the lower-right corner.

Authentic checks have ornate top and bottom borders. The words "MEMBER FDIC" appear in the top-left corner below the bank's name and location. A "REMITTTER" line appears in the lower-left corner. The word "DOLLARS" is displayed in the middle of the checks. A restrictive feature statement appears above two "AUTHORIZED SIGNATURE" lines.

Any information you have concerning this matter should be brought to the attention of:
   Kathy Gerling
   Demand Deposit Account Coordinator
   Investors Savings Bank
   101 JFK Parkway
   Short Hills, New Jersey 07078
   Telephone: (973) 924-5125
   Fax: (973) 376-1217
   E-mail: kgerling@isbnj.com
__________

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Cashier’s Checks

The Commercial Bank, Mason, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 114905499, which is assigned to The Commercial Bank. The items are markedly dissimilar to authentic checks. A security feature statement is embedded within a darkened top border. The words "CASHIER'S CHECK" along with "122 BIG HORN ROAD, SAN ANTONIO, UTAH 76856" are displayed toward the top-left corner. The bank's name, address, and a telephone number ("915-347-6324"), which is not associated with the bank, appear in the top middle of the check. A "Memo" line appears in the lower-left corner and one signature line appears in the lower-right corner.

Authentic checks are yellow and have ornate borders with a security padlock icon embedded in the right border. The words "CASHIER'S CHECK" appear in the lower-left corner below a "NOTICE TO CUSTOMERS" statement. The bank's logo (a steer's head) appears to the left of the bank's name, address and telephone number in the top center. The phrase "MEMBER F.D.I.C" is below the bank's address and telephone number. A "REMITTER" line appears in the top-left corner and the title "ASST. CASHIER-VICE PRESIDENT" appears below the first of two signature lines in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Brenda Comer
   Vice President, Compliance
   The Commercial Bank
   100 Moody Street
   Mason, Texas 76856
   Telephone: (325) 347-6324
   Fax: (325) 347-5960
   E-mail: bcomer@tcbmason.com
__________

FDIC Fraud Alerts 1-29-10

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Cashier’s Checks

Bank of Granite, Granite Falls, North Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 053012087, which is assigned to Bank of Granite. The items also display a security feature statement embedded in the top border and along the bottom border between two padlocks. The words "CASHIER'S CHECK" are top-centered. The bank's name, address and a telephone number, which is not associated with the bank, appear in the lower-left corner.

Bank of Granite does not issue cashier's checks; however, it does issue official checks. Authentic official checks display the routing number 011007092, which is assigned to a MoneyGram Payment Systems, Inc. account, payable at The Bank of New York Mellon, Everett, Massachusetts. Bank of Granite issues its official checks through MoneyGram Payment System, Inc. Authentic checks have ornate top and side borders. The words "OFFICIAL CHECK" are encircled in the top center. An "ISSUED BY" statement appears below the word "Remitter" in the lower-left corner. Two signature lines are displayed in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:

   John R. Williams
   Vice President and Senior Auditor
   Bank of Granite
   56 North Main Street
   P.O. Box 128
   Granite Falls, North Carolina 28630
   Telephone: (828) 496-2123
   Fax: (828) 496-2065
   E-mail: jwilliams@bankofgranite.com
__________

Counterfeit Cashier’s Checks

Bay Bank & Trust Company, Panama City, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 063205208, which is assigned to Bay Bank & Trust Company. The items are dissimilar to authentic cashier's checks and have a security feature statement embedded in a darkened top border and along the bottom border between two padlocks. In the top-left corner is a dark box containing the bank's logo (white vertical double "B") and a toll-free telephone number, which is not associated with the bank.

Authentic cashier's checks are green and have a basket-weave background and ornate borders. The bank's logo (dark vertical double "B"), P.O. Box address and telephone number are in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:

   John G. Hindsman
   Executive Vice President and Chief Operating Officer
   Bay Bank & Trust Company
   509 Harrison Avenue
   Panama City, Florida 32401
   Telephone: (850) 769-3333, extension 1428
   Fax: (850) 784-2215
   E-mail: jhindsma@bankandtrust.com
__________

Counterfeit Cashier’s Checks

Olde Cypress Community Bank, Clewiston, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 267084144, which is assigned to Olde Cypress Community Bank. A "NOTICE TO CUSTOMERS" statement appears in the top-left corner. The bank's name and an address, which is not associated with the bank, are top-centered. One "AUTHORIZED SIGNATURE" line is displayed in the lower-right corner.

Authentic checks display an indemnity bond statement in the lower-left corner below the words "CASHIER'S CHECK." The bank's name and street address appear in the top-left corner. The bank's logo, P.O. Box and telephone number are top-centered. The statement "VOID AFTER 6 MONTHS" appears next to the two "AUTHORIZED SIGNATURE" lines in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:

   James J. Johnson
   Vice President and Chief Financial Officer
   Olde Cypress Community Bank
   205 South W.C. Owen Avenue
   Clewiston, Florida 33440
   Telephone: (863) 983-6181
   Fax: (863) 983-7155
   E-mail: jjohnson@oldecypressbank.com
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Counterfeit Cashier’s Checks

Panhandle State Bank, Sandpoint, Idaho, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's routing number are in circulation.

The counterfeit items display the routing number 123103606, which is assigned to Panhandle State Bank. The items are green and have the words "ORIGINAL DOCUMENT" printed on the back. The words "Intermountain COMMUNITY BANK" and a logo are top-centered.

Authentic checks are blue with a security feature statement along the right border. Authentic items also display remitter, payee and amount as computer-generated.

Any information you have concerning this matter should be brought to the attention of:

   Michelle C. Martin
   Security Officer
   Panhandle State Bank
   113 Main Avenue West
   Twin Falls, Idaho 83301
   Telephone: (208) 736-5066
   Fax: (208) 733-8833
   E-mail: michellem@magicvalleybank.com

FDIC Check Fraud Alerts 1-20-10

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Official Checks

The Citizens Bank of Philadelphia, Philadelphia, Mississippi, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. The Citizens Bank does not issue official checks; however, it does issue cashier's checks.

The counterfeit items display the routing number 065302154, which is assigned to The Citizens Bank, but are dissimilar to authentic cashier's checks. The counterfeit items display a security feature statement embedded within a darkened top border and along the bottom border between two padlocks. The words "OFFICIAL CHECK" are top-centered, with an indemnity bond directly below it. The bank's name and a logo are displayed in the top-left corner. A box for an "AUTHORIZED SIGNATURE" is displayed in the lower-right corner.

Authentic checks have ornate borders and display a padlock icon and security statement embedded within the right border. The words "CASHIER'S CHECK" are displayed near the lower-left corner. The bank's name and logo are top-centered. Two "Authorized Signature" lines appear in the lower-right corner, along with the restrictive statement "TWO SIGNATURES REQUIRED ON AMOUNTS $25,000 AND OVER."

Any information you have concerning this matter should be brought to the attention of:
Erdis Chaney
Vice President and Cashier
The Citizens Bank
P.O. Box 209
Philadelphia, Mississippi 39350
Telephone: (601) 656-4692
Fax: (601) 656-4183
E-mail: echaney@tcbphila.com
__________

Counterfeit Cashier's Checks

The Dime Bank, Honesdale, Pennsylvania, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 031308551, which is assigned to The Dime Bank, and are similar to authentic cashier's checks. The items display a security feature statement embedded within a darkened top border and along the bottom border between two padlocks.

Authentic checks display a padlock icon and security statement embedded within the right border.

Any information you have concerning this matter should be brought to the attention of:
Cynthia Burdick
Security Officer
The Dime Bank
120 Sunrise Avenue
P.O. Box 509
Honesdale, Pennsylvania 18431
Telephone: (570) 253-1970, extension 7719
Fax: (570) 251-9295
E-mail: cburdick@thedimebank.com
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Counterfeit Cashier's Checks

First Volunteer Bank of Tennessee, Chattanooga, Tennessee, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 061303348, which is assigned to First Volunteer Bank. The items are very similar to authentic cashier's checks. However, authentic checks are light blue and have ornate borders.

Any information you have concerning this matter should be brought to the attention of:
Sue A. Wilson
Executive Vice President and Chief Administrative Officer
First Volunteer Bank
728 Broad Street
Chattanooga, Tennessee 37402
Telephone: (423) 668-4548
Fax: (423) 668-4838
E-mail: sue.wilson@firstvolunteer.com

FDIC Check Fraud Alerts 1-19-10

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Cashier's Checks

Grand Bank of Texas, Grand Prairie, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 111906624, which is assigned to Grand Bank of Texas, and have ornate top and side borders. The words "CASHIER'S CHECK" appear below a lined box in the top center of the items. A heat-sensitive circle with the words "RUB HERE" appears in the top-right corner. A "Memo" line is displayed in the lower-left corner.

Authentic checks have darkened top and bottom borders with security feature statements embedded in each. The words "CASHIER'S CHECK" appear in the lower-left corner. A "NOTICE TO CUSTOMERS" statement appears near the top-right corner.

Any information you have concerning this matter should be brought to the attention of:
Linda Allen
Anti-Money Laundering and Compliance Officer
Grand Bank of Texas
2341 South Beltline Road
Grand Prairie, Texas 75051
Telephone: (972) 264-4811, Extension 119
Fax: (972) 264-3609
E-mail: lallen@grandbankoftexas.com
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Counterfeit Cashier's Checks

Silvergate Bank, La Jolla, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 322077818, which is assigned to Fiscal Credit Union, Glendale, California. The items are markedly dissimilar to authentic cashier's checks. The words "LEXINGTON BANKING CENTER" and an address appear next to "SILVERGATE BANK" and another address. One signature line appears in the lower-right corner.

Authentic checks display the routing number 122000496, which is assigned to Union Bank, N.A., Los Angeles, California. Silvergate Bank issues its checks through Union Bank, N.A. The bank's name, logo, address and telephone number are displayed near the top-left corner. Two signature lines appear in the lower-right corner, along with a padlock security icon next to "DOLLARS."

Any information you have concerning this matter should be brought to the attention of:
Kathleen M. Fraher
Vice President, Compliance and Bank Secrecy Act Officer
Silvergate Bank
4275 Executive Square, Suite 800
La Jolla, California 92037
Telephone: (858) 362-2653
Fax: (858) 605-4526
E-mail: kfraher@silvergatebank.com
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Counterfeit Official Checks

Iberville Bank, Plaquemine, Louisiana, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 065400603, which is assigned Iberville Bank, and have ornate top and side borders. The words "OFFICIAL CHECK" are encircled in the top center of the items.

Authentic checks display the words "OFFICIAL CHECK" in the top-right corner. An "ADDRESS" line appears in the lower-left corner below the "REMITTER" line. Two "AUTHORIZED SIGNATURE" lines are displayed in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
Susan Bujol
Compliance and Bank Secrecy Act Officer
Iberville Bank
23405 Eden Street
Plaquemine, Louisiana 70764
Telephone: (225) 687-7785, Extension 6004
Fax: (225) 692-5904
E-mail: sbujol@IbervilleBank.com

Chapter Notices 2010

February-March 2010

Bowling Tournaments Roll Out!

All to Benefit the Connecticut Credit Union Charitable Foundation
_____________________________________________________

► Hartford Chapter

4th Annual Bowling Tournament
& Chapter Annual Meeting & Election of Officers

Monday, February 8, 2010
AMF Silver Lanes
748 Silver Lane, East Hartford

• Bowling Tournament: 5:00 - 7:00 p.m.
• Annual Meeting: In the Bowling Alley Lounge immediately following the
tournament

Hartford Chapter Sign-up Sheet
__________________________________________

► Stamford Chapter - Feb. 11

4th Annual Bowling Tournament

Thursday, February 11, 2010
Rip Van Winkle Lanes
701 Connecticut Avenue, Norwalk
5:00 - 7:00 p.m.

Stamford Chapter Sign Up Sheet
__________________________________________

► Moran/Nixon Chapter - Feb. 12

4th Annual Bowling Tournament

Friday, February 12, 2010
Laurel Lanes
136 New Britain Avenue, Plainville
5:00 - 7:00 p.m.

Moran/Nixon Chapter Sign Up Sheet
__________________________________________

► New Haven Chapter - Feb. 16

4th Annual Bowling Tournament &
Chapter Annual Meeting & Election of Officers

Tuesday, February 16, 2010
AMF Circle Lanes
525 Main Street, East Haven

• Bowling Tournament: 5:00 - 7:00 p.m.
• Annual Meeting: 7:00 - 7:30 p.m.

New Haven Chapter Sign Up Sheet
__________________________________________

► Eastern Chapter - Feb. 17

4th Annual Bowling Tournament

Wednesday, February 17, 2010
Subase Lanes
Subase, Groton
5:00 - 7:00 p.m.

Eastern Chapter Sign Up Sheet
____________________________________

► Bridgeport Chapter - March 4

4th Annual Bowling Tournament

Thursday, March 4, 2010
Nutmeg Bowl
802 Villa Avenue, Fairfield
5:00 - 7:00 p.m.

Bridgeport Chapter Sign Up Sheet

__________________________________________________________________________

Bridgeport Chapter Annual Meeting & Election of Officers

Thursday, February 18, 2010

Vazzy's Brick Oven Restaurant
513 Broadbridge Ave., Bridgeport
(Across from Treeland)

Speakers:
· Tony Emerson, President/CEO, Credit Union League of CT, will
   discuss the League's 2010 Strategic Business Plan.
· Bob Nealon, President/CEO, Constitution Corporate FCU, will
discuss the Corporate's 2010 Business Plan.

Agenda:
5:00 p.m. - 6:00 p.m. Social Hour (Cash bar)
6:00 p.m. - 7:00 p.m. Dinner Buffet
7:00 pm                     Meeting/Election of Officers/Speakers

Dinner:
Bountiful Buffet - $30 per person

Deadline to Register: Friday, February 12, 2010

Make check payable to Bridgeport Chapter of CULCT and send to:
   Kathleen Bennett
   Stratford Municipal FCU
   3569 Main St.
   Stratford, CT 06614
__________

Bridgeport Chapter Slate of Officers

President:                          Leo Dorsey, Connecticut Energy ECU
Vice President:                   Dr. Phil Lane, Fairfield University EFCU
Secretary:                          Carol Truitt, Bridgeport Fire Dept. EFCU
Treasurer:                          Cheryl Ernst, Bridgeport Post Office FCU
Supervisory Cte. Chair:        Kathleen Bennett, Stratford Municipal FCU
CULCT Director:                 Carl Skudlarek, Bridgeport City EFCU
Alt. CULCT Director:           Tracy Comstock, SoundView FCU

Nominations will be accepted from the floor, per Article IV, Section 5 of the Chapter Bylaws, which state, "The delegates and alternates present shall have the right to make further nominations from the floor in any election."

FDIC Fraud Alerts 12-28-09

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
Counterfeit Official Checks
__________

Counterfeit Cashier's Checks

Independent National Bank, Ocala, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 063113141, which is assigned to Independent National Bank. The items are markedly dissimilar to authentic cashier's checks and have a speckled background. The words "Cashier's Check" are top-centered. The bank's logo, name and a toll free telephone number, which is not associated with the bank, are in the top-left corner.

Authentic cashier's checks are blue and have thick dark blue top and bottom borders. A security feature statement is embedded in the top border. The bank's logo, name and location are top-centered. The words "CASHIER'S CHECK" are in the lower-left corner. An indemnity bond statement is in the top-left corner. The words "ORIGINAL FINANCIAL INSTRUMENT" are in the top-right corner.

Any information you have concerning this matter should be brought to the attention of:

Lois Ellis
Vice President of Compliance, Training and Security
Independent National Bank
P.O. Box 2900
60 Southwest, 17th Street
Ocala, Florida 34478
Telephone: (352) 620-2610
Fax: (352) 237-7021
E-mail: lellis@inatbank.com
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Counterfeit Treasurer Checks

Savings Bank of Maine, Gardiner, Maine, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit treasurer checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 211272465, which is assigned to Savings Bank of Maine. The items are dissimilar to authentic treasurer checks and have a "VOID" background when copied. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks.

Authentic treasurer checks have a pale blue background with blue ornate borders. The bank's logo in the top-left corner is green. The bank's name and location are blue.

Any information you have concerning this matter should be brought to the attention of:

Frederick P. Cunningham
Vice President of Security
Savings Bank of Maine
190 Water Street
Gardiner, Maine 04345
Telephone: (207) 582-5550, extension 3148
Fax: (207) 588-2254
E-mail: fcunningham@savingsbankofmaine.com
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Counterfeit Official Checks

Union Credit Bank, Miami, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 066015084, which is assigned to Union Credit Bank. Union Credit Bank does not issue official checks; however, it does issue cashier's checks. The counterfeit items display the words "OFFICIAL CHECK" and a "NOTICE TO CUSTOMERS" in the lower-left corner. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks. The statement "THE AMOUNT IN NUMBER MUST MATCH THE AMOUNT IN WORDS" is repeated as background in the written dollar amount section. The bank's logo, name and address are in the top-left corner.

Authentic cashier's checks graduate from pale green to beige in color and display the words "CASHIER'S CHECK" in the lower-left corner. An indemnity bond statement is in the top-left corner, and the bank's logo, name and address are top-centered. A security feature statement is below the written dollar amount line, which has a security padlock and statement to the right of the word "DOLLARS."

Any information you have concerning this matter should be brought to the attention of:

Julio R. Martinez
Chief Financial Officer
Union Credit Bank
1150 South Miami Avenue
Miami, Florida 33130
Telephone: (305) 398-9085
Fax: (305) 372-0246
E-mail: jmartinez@ucbmiami.com
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Counterfeit Cashier's Checks

The Shelby County State Bank, Harlan, Iowa, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 104903391, which is assigned to The Shelby County State Bank. The items are blue with a "VOID" background when copied and one signature line. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks. The words "Cashier's Check" are top-centered. The bank's logo, name, location and telephone number, unassociated with the bank, are in the top-left corner.

Authentic cashier's checks are marble green and have two signature lines. The words "CASHIER'S CHECK" are along the left side. A "NOTICE TO CUSTOMERS" is in the lower-left corner. The bank's logo, motto, branch locations and a toll-free number are in the top-left corner. A lined octagon containing the dollar amount is in the center.

Any information you have concerning this matter should be brought to the attention of:

Stefanie E. Kramer
Chief Financial Officer and Chief Operations Officer
The Shelby County State Bank
508 Court Street
Harlan, Iowa 51537
Telephone: (712) 755-5112, extension 221
Fax: (712) 755-2767
E-mail: skramer@scsbnet.com
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Counterfeit Official Checks

Security First Bank, Lincoln, Nebraska, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 104113819, which is assigned to Security First Bank. The items are nearly identical to authentic official checks. However, the counterfeit items are yellow and authentic official checks are pink.

Any information you have concerning this matter should be brought to the attention of:

Cheryl Dreyer
Vice President Operations
Security First Bank
1540 Samco Road, Suite B
Rapid City, South Dakota 57702
Telephone: (605) 718-8070, extension 312
Fax: (605) 721-4198
E-mail: cdreyer@security1stbank.com

FDIC Fraud Alerts 12-17-09

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Official Checks

Legence Bank, Eldorado, Illinois, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 081204867, which is assigned to Legence Bank. The items are similar to authentic official checks and display "Remitter:" on the left side of the items.

Authentic official checks are green with a security statement and padlock icon embedded within the right border. The bank's website is displayed below the bank's name and logo in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:

Dee A. Adams
Compliance Officer/Internal Auditor
Legence Bank
946 Fourth Street
Eldorado, Illinois 62930
Telephone: (618) 273-2271
Fax: (618) 273-2508
E-mail: dadams@legencebank.com
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Counterfeit Expense Checks

GBC International Bank, Los Angeles, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit expense checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 122235902, which is assigned to GBC International Bank. The items have ornate borders on all sides with a security feature statement embedded within the top border. The words "PAY TO THE ORDER OF" are in the lower-left corner.

Authentic checks have blue top and side borders. The word "PAYEE" is displayed on the left side.

Any information you have concerning this matter should be brought to the attention of:

Richard Holmes
Senior Vice President
Chief Financial Officer and Security Officer
GBC International Bank
168 West Garvey Avenue
Monterey Park, California 91754
Telephone: (626) 243-1186
Fax: (626) 573-6606
E-mail: rholmes@gbcib.com

Alternate Contact:

Elaine Leung
Vice President – Central Operations
GBC International Bank
1355 Stockton Street
San Francisco, California 94133
Telephone: (415) 392-0900, ext. 8311
Fax: (415) 392-3220
E-mail: eleung@gbcib.com
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Counterfeit Cashier's Checks

Macon Bank and Trust Company, Lafayette, Tennessee, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 064106283, which is assigned to Macon Bank and Trust Company. A security feature statement is shown along the bottom border between two padlocks. The words "Cashier's Check" are top-centered with the word "Date" appearing directly below. The word "Remitter" is displayed in the lower-left corner. The bank's location and a telephone number, which is not associated with the bank, appear below the bank's logo and name in the top-left corner.

Authentic cashier's checks display the routing numbers 064101204 or 064106283. The words "CASHIER'S CHECK" (in all capital letters) are top-centered. The word "Purchaser" appears below the bank's logo and name in the top-left corner, and the word "PURPOSE" appears in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:

Debra Miller
Macon Bank and Trust Company
P.O. Box 10
Lafayette, Tennessee 37083
Telephone: (615) 666-2121
Fax: (615) 666-2238
Email: dkm@maconbtc.com
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Counterfeit Cashier's Checks

Pike National Bank, McComb, Mississippi, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 065303124, which is assigned to Pike National Bank. The items are dissimilar to authentic cashier's checks and have a "VOID" background when copied. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks.

Authentic checks have a padlock and vertical security feature statement embedded in the right border.

Any information you have concerning this matter should be brought to the attention of:

Helen R. Lambert
Senior Vice President
Pike National Bank
P.O. Box 1666
350 Rawls Drive
McComb, Mississippi 39649
Telephone: (601) 249-4680
Fax: (601) 684-7133
E-mail: hlambert@pcnb.net

Alternate contact:

Diane Cothern
Executive Vice President
Pike National Bank
P.O. Box 1666
350 Rawls Drive
McComb, Mississippi 39649
Telephone: (601) 684-7575
Fax: (601) 684-7133
E-mail: dcothern@pcnb.net

FDIC Fraud Alerts 12-16-09

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Official Checks

The Palmetto Bank, Laurens, South Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011007092, which is assigned to a MoneyGram Payment Systems, Inc. account, payable through the Bank of New York Mellon, Everett, Massachusetts. The Palmetto Bank issues its official checks through MoneyGram Payment System, Inc. The items are dissimilar to authentic official checks and when copied have a "VOID" background. A security feature statement is embedded in a darkened green top border and along the bottom border between two padlocks. The statement "This Check Void After 90 Days" is below the signature line.

The Palmetto Bank issues two types of authentic official checks: (1) a laser check and (2) a three-part left snap check. Both types have a green basket-weave background with an ornate green border. Authentic official laser checks are computer-generated in black print. Authentic three-part left snap official checks are printed in green ink and include a security feature statement centered below the top border.

Any information you have concerning this matter should be brought to the attention of:

Derrick M. Copeland
Chief Security Officer
The Palmetto Bank
306 East North Street
Greenville, South Carolina 29601
Telephone: (864) 250-6052
Fax: (864) 250-6068
E-mail: dcopeland@palmettobank.com
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Counterfeit Missouri Department of Revenue Checks

Central Bancompany, Jefferson City, Missouri, a multi-bank holding company, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit Missouri Department of Revenue checks bearing the name Central Bank are in circulation. The Central Trust Bank (doing business as Central Bank), Jefferson City, Missouri, is a subsidiary of Central Bancompany.

The counterfeit items display the routing number 086500634, which is assigned to Central Bank. The items are dissimilar to authentic state treasurer checks. They display the words "Missouri Department of Revenue" and a P.O. Box address in the top-left corner. The bank's name, address and telephone number are in the top-right area.

Authentic state treasurer checks have a two-tone background that fades from blue to green to blue. A security feature statement is shown vertically along the right border. The words "TREASURER OF THE STATE OF MISSOURI" or "MISSOURI DEPARTMENT OF REVENUE" are in the top center. The state seal is to the right of center below the date line. The bank's logo, name and location are centered at the bottom of the checks along with a security feature statement.

Any questions regarding the validity of a Department of Revenue check may be directed to the Department of Revenue's Financial and General Services Bureau at (573) 751-7429. Any other information you have concerning this matter should be brought to the attention of:

Anna M. Rentschler
Vice President and Bank Secrecy Act Officer
Central Bancompany
2100 Stewart Drive
Jefferson City, Missouri 65109
Telephone: (573) 634-1259
Fax: (573) 681-6317
E-mail: Anna_Rentschler@centralbank.net
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Counterfeit Checks

Summit Bank, Prescott, Arizona, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 122105964, which is assigned to Summit Bank. The items are dissimilar to authentic cashier's checks and display a "VOID" background when copied. A security feature statement is embedded in a darkened top border. The bank's name is repeated in the top-left corner and in the top center.

Authentic cashier's checks are tan/beige and display the words "CASHIER'S CHECK" in the top center. A security feature statement is across the top and the word "REMITTER" is in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:

Amiee Benson
Vice President and Internal Operations Manager
Summit Bank
201 North Montezuma Street
Prescott, Arizona 86301
Telephone: (928) 778-6648
Fax: (928) 778-3432
E-mail: abenson@summitbankaz.com
__________

__________

Counterfeit Cashier's Checks

Cherokee Bank, National Association, Canton, Georgia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 061119736, which is assigned to Cherokee Bank, National Association. Cherokee Bank, National Association does not issue cashier's checks; however, it does issue official checks. The items are markedly dissimilar to authentic official checks. A security statement is embedded in a darkened top border and along the bottom border between two padlocks. The words "CASHIER'S CHECK" are top-centered. A toll-free telephone number, which is not associated with the bank, appears below the bank's name and location in the top-left corner.

Authentic official checks display the routing number 011007092, which is a payable-through account at The Bank of New York Mellon, Everett, Massachusetts. Authentic checks are blue with an ornate border and display a "VOID" background when copied. The words "OFFICIAL CHECK" appear in the top-right corner.

Any information you have concerning this matter should be brought to the attention of:

Marsha Fowler
Client Services Manager
Cherokee Bank, National Association
1275 Riverstone Parkway
Canton, Georgia 30114
Telephone: (770) 479-3402, Extension 110
Fax: (770) 720-6923
E-mail: marshafowler@cherokeebank.com
__________

Counterfeit Cashier's Checks

The Bank of Currituck, Moyock, North Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 053107303, which is assigned to The Bank of Currituck. The items have a security feature statement below the top border. The words "AUTHORIZED SIGNATURE" are below the signature line in the lower-right corner.

Authentic cashier's checks display the words "AUTHORIZED SIGNATURE" above the signature line in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:

Lane Fox
Vice President and Security Officer
The Bank of Currituck
250 Caratoke Highway
Moyock, North Carolina 27958
Telephone: (252) 435-6331, extension 227
Fax: (252) 435-2513
E-mail: lane@bankofcurrituck.com
__________

Counterfeit Cashier's Checks

Texas Champion Bank, Alice, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 114914723, which is assigned to Texas Champion Bank. The items have a security feature statement embedded in the top border and display one signature line.

Authentic cashier's checks have an ornate border and two signature lines. A security padlock and statement are displayed above the signature lines. The bank's logo (a flamed torch), address and telephone number are in the lower left-corner. The words "CASHIER'S CHECK" are inside of a rectangle with ornate arrows at each end in the top-center area.

Any information you have concerning this matter should be brought to the attention of:

Teri Dunlap Vice President
Texas Champion Bank
6124 South Staples
Corpus Christi, Texas 78413
Telephone: (361) 994-7109 or (361) 992-9850, extension 2228
Fax: (361) 992-9854
E-mail: DunlapT@texaschampionbank.com
__________

Counterfeit Certified Bank Drafts

Rolfe State Bank, Rolfe, Iowa, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit certified bank drafts bearing the institution's name are in circulation.

The counterfeit items display the routing number 073921611, which is assigned to Rolfe State Bank. The items are very similar to authentic certified bank drafts. However, the "DATE" and "PAY TO THE ORDER" sections are hand-printed on the counterfeit items, while they are typed on authentic bank drafts. Also, on authentic certified bank drafts, the words "ORIGINAL DOCUMENT" are displayed at an angle across the back.

Any information you have concerning this matter should be brought to the attention of:

Lynn Johnson
Data Operations Officer
Rolfe State Bank
316 Garfield Street
Rolfe, Iowa 50581-0101
Telephone: (712) 848-3480
Fax: (712) 848-3228
E-mail: lynn@rolfestatebank.com

FDIC Fraud Alerts 12-4-09

The FDIC has issued an alert on fraudulent correspondence along with alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Fraudulent Correspondence Claiming to be from the FDIC

Summary: Fraudulent correspondence bearing the FDIC's name continues to be mailed, faxed and e-mailed. This correspondence is being used in illegal schemes to collect sensitive personal information, such as bank account numbers, and to steal money and other assets.

The Federal Deposit Insurance Corporation (FDIC) is reminding financial institutions, businesses and consumers that fraudulent correspondence claiming to be from the FDIC continues to be mailed, faxed and e-mailed in the United States and other countries. The correspondence uses various techniques to gain the trust of recipients in hopes they will provide sensitive personal information, including bank account numbers, that can be used to steal money and other assets. Recipients should NOT, under any circumstances, respond to the fraudulent requests. Institutions also are encouraged to inform customers that fraud artists may use the names of the FDIC and other government agencies and to take appropriate precautions.

The criminals, knowing that people trust the FDIC name, have duplicated the official logo and seal in fraudulent letters, forms, certificates and other correspondence. Recent examples have included invoices, bills, transfer forms, guarantees, endorsements, and confirmations of stock and investment purchases. In some cases, recipients were asked to complete fraudulent forms and return them by fax or e-mail. In other cases, recipients were asked to remit funds via check or wire transfer service.

The FDIC rarely sends unsolicited bills or other similar documents to financial institutions, businesses and consumers. In particular, the FDIC does not send unsolicited correspondence asking for sensitive personal information, including bank account information. Anyone receiving such correspondence should contact the FDIC immediately by calling toll-free at 1-877-ASK-FDIC (1-877-275-3342) or by e-mailing to alert@fdic.gov. Do not use contact information listed for the FDIC in the correspondence because it is likely to be falsified.

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-3054, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Questions related to fraudulent correspondence, deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's website at www.fdic.gov/news/news/SpecialAlert/2009/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.
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Counterfeit Cashier's Checks

LegacyTexas Bank, Plano, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 111901234, which is assigned to LegacyTexas Bank. A security feature statement is embedded in the top border. The bank's Web site address and a telephone number, which is not associated with the bank, are shown below its name in the top-left corner. The word "HAMILTON" appears below the words "Cashier's Check" in the top center.

Authentic cashier's checks display a "Declaration of Lost Instrument Notice" below the top border. The bank's logo and name appear as watermarks in the center of the check.

Any information you have concerning this matter should be brought to the attention of:

Paul Dille
Fraud Investigator
Legacy Texas Bank
P.O. Box 869111
Plano, Texas 75086-9111
Telephone: (972) 461-1433
Fax: (972) 461-1446
E-mail: Paul.Dille@legacytexas.com

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Counterfeit Cashier's Checks

Plattsmouth State Bank, Plattsmouth, Nebraska, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 104900750, which is assigned to Plattsmouth State Bank. The items are very similar to authentic cashier's checks; however, the items have a solid border and display a security feature statement below the top border.

Authentic cashier's checks have ornate borders and a "VOID" background when copied or scanned. A security feature statement is embedded in the top and bottom borders.

Any information you have concerning this matter should be brought to the attention of:

Scott Frazier
Vice President and Cashier
Plattsmouth State Bank
446 Main Street
Plattsmouth, Nebraska 68048
Telephone: (402) 296-2265 or (402) 296-2194
Fax: (402) 296-5164
E-mail: sfrazier@plattsmouthbank.com

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Counterfeit Personal Money Orders

Country Bank for Savings, Ware, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit personal money orders bearing the institution's name are in circulation.

The counterfeit items display the routing number 011007092, which is assigned to a MoneyGram Payment Systems, Inc. account, payable at The Bank of New York Mellon, Everett, Massachusetts. Country Bank for Savings issues its money orders through MoneyGram Payment System, Inc.

The items are similar to authentic personal money orders. The counterfeit items have security feature statements embedded in a dark green top border and along the bottom border between two padlocks. A toll-free telephone number, which is not associated with the bank, appears below the bank's name in the top-left corner.

Authentic personal money orders include the statement "By signing you agree to the service charge and other terms on the reverse side" below the right side of the written dollar amount line. The back of the personal money order lists the following: "LIMITED RECOURSE," "PURCHASER'S AGREEMENT," "SERVICE CHARGE" AND "RESTRICTIONS ON USE."

Any information you have concerning this matter should be brought to the attention of:

Celeste M. Talarico
Assistant Vice President
Country Bank for Savings
75 Main Street
Ware, Massachusetts 01082
Telephone: (413) 967-6221
Fax: (413) 277-2521
E-mail: ctalarico@countrybank.com

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Counterfeit Cashier's Checks

American Momentum Bank, Tampa, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 113125995, which is assigned to American Momentum Bank. They also display a security feature statement embedded in a darkened top border and along the bottom border between two padlocks. The words "cashier's check" are in the top center. The bank's name and logo are shown in the top-left corner. The word "remitter" and the bank's name, location, and a toll-free telephone number, which is not associated with the bank, appear in the lower-left corner. The words "AUTHORIZED SIGNATURE" appear below the signature line.

Authentic cashier's checks display the routing number 063116025, which is assigned to American Momentum Bank. They are grayish in color and have a padlock and vertical security statement embedded in the right border. The bank's logo and name are in the top center. The words "CASHIER'S CHECK," an indemnity bond statement and "MEMO" appear in the lower-left corner. The words "ISSUER," "BRANCH" and "REMITTER" are in the top-left corner. The words "AUTHORIZED SIGNATURE" appear above the signature line.

Any information you have concerning this matter should be brought to the attention of:

Jen Saylor
SVP Operations Manager
American Momentum Bank
4830 West Kennedy Boulevard, Suite 200
Tampa, Florida 33609
Telephone: (813) 549-4709
Fax: (813) 282-3935
Email: jsaylor@americanmomentumbank.com

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Counterfeit Cashier's Checks

Crescent State Bank, Cary, North Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 053112275, which is assigned to Crescent State Bank. The items are dissimilar to authentic cashier's checks and when copied have a "VOID" background. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks. The words "CASHIER'S CHECK" are in the top-center area. The bank's logo and name appear in the top-left corner. The bank's name, location and a toll-free telephone number appear in the lower-left corner.

Authentic cashier's checks are computer-generated with a microprint frame. The background is blue and white with a repeated pattern of the bank's name. A padlock icon and a vertical security statement are embedded in the right border. The bank's logo, name and location ("Raleigh, NC") are in the top-center area.

Any information you have concerning this matter should be brought to the attention of:

Jo Sorbi
Security Officer
Crescent State Bank Operations
206 High House Road
Cary, North Carolina 27513
Telephone: (919) 466-1032 or (919) 466-1031
Fax: (919) 469-5604
E-mail: jsorbi@crescentstatebank.com

FDIC Fraud Alerts 11-10-09

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
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Counterfeit Cashier's Checks

First Farmers and Merchants Bank, Columbia, Tennessee, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 064108113, which is assigned to First Farmers and Merchants Bank. The items are similar to authentic cashier's checks; however, they display a security feature statement embedded within a darkened top border.

Authentic checks are green and display a padlock icon and security statement embedded vertically in the right border.

Any information you have concerning this matter should be brought to the attention of:

Glynis D. Smith
Security Officer
First Farmers and Merchants Bank
816 South Garden Street
Columbia, Tennessee 38401
Telephone: (931) 380-8273
Fax: (931) 490-5923
E-mail: glynis.smith@fandmbank.com

Alternate contact:

Marie McGrew
Internal Control Officer
First Farmers and Merchants Bank
816 South Garden Street
Columbia, Tennessee 38401
Telephone: (931) 380-8230
Fax: (931) 490-5923
E-mail: marie.mcgrew@fandmbank.com
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Counterfeit Cashier's Checks

Union State Bank, Kewaunee, Wisconsin, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 075903006, which is assigned to Union State Bank. The items are green and display security feature statements embedded in darkened top and bottom borders. The words "CASHIER'S CHECK" are in the top center. A box with "DATE" and "AMOUNT" appears in the top-right area. The word "Purchaser" appears in the lower-left corner. "Union State Bank" appears above the "Authorized Signature" line in the lower-right corner.

Authentic checks are printed on a multicolored background. The restrictive feature statement "AMOUNTS OVER $1,000.00 REQUIRES TWO SIGNATURES" and the words "CASHIER'S CHECK" are displayed in the lower-left corner. Two signature lines appear in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:

Charles Geimer
Compliance Officer
Union State Bank
223 Ellis Street
Kewaunee, Wisconsin 54216
Telephone: (920) 388-3466
Fax: (920) 388-3487
E-mail: Charlie.geimer@unionstatebank.org
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Counterfeit Cashier's Checks

Columbia River Bank, The Dalles, Oregon, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 123206011, which is assigned to Columbia River Bank. A security feature statement is embedded within a darkened top border and along the bottom border between two padlocks.

Authentic checks display a green and white background, and have a foil strip hologram along the top border.

Any information you have concerning this matter should be brought to the attention of:

Tammy Hoffmann
Compliance Director
Columbia River Bank
P.O. Box 1050
The Dalles, Oregon 97058
Telephone: (541) 298-3156
Fax: (541) 298-3154
E-mail: thoffmann@columbiariverbank.com
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Counterfeit Cashier's Checks

Community National Bank, Derby, Vermont, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011601029, which is assigned to Community National Bank. The items are very similar to authentic checks.

Any information you have concerning this matter should be brought to the attention of:

Beth Morin
Vice President, Community Reinvestment Act and Special Asset Administration
Community National Bank
P.O. Box 259
Derby, Vermont 05829
Telephone: (802) 334-7915
Fax: (802) 334-3148
E-mail: bmorin@communitynationalbank.com
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Counterfeit Cashier's Checks

Coppermark Bank, Oklahoma City, Oklahoma, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 103000800, which is assigned to Coppermark Bank. The counterfeit items are similar to authentic checks; however, they display a security feature statement embedded in a darkened top border and along the bottom border between two padlocks.

Authentic checks display the word "REMITTER" above the payee line. The bank's toll-free telephone number and Web site address are displayed below the bank's name in the top-center area.

Any information you have concerning this matter should be brought to the attention of:

Heather Converse
Fraud Detection Specialist
Coppermark Bank
2301 Minnie Lane
Oklahoma City, Oklahoma 73127
Telephone: (405) 945-8131, extension 3248
Fax: (405) 943-5859
E-mail: Hconverse@coppermarkbank.com

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Counterfeit Official Checks

Merchants and Farmers Bank, Kosciusko, Mississippi, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 084201621, which is assigned to Merchants and Farmers Bank. The words "OFFICIAL CHECK" appear inside of a rectangle with rounded corners in the top center. The restrictive statement "TWO SIGNATURE REQUIRED FOR ANY AMOUNT OF FIVE THOUSAND OR MORE" appears above the "AUTHORIZED SIGNATURE" line in the lower-right corner.

Authentic checks display three "REMITTER" lines at the top. The bank's toll-free telephone number and website are displayed below the bank's name and address in the lower-left corner. There is a heat sensitive icon to the left of the signature line in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:

Michael Lann
Security Officer
Merchants and Farmers Bank
16623 US Highway 280
Chelsea, Alabama 35043
Telephone: (205) 678-4010
Fax: (205) 678-4016
Email: mslann@mfbank.com

FDIC Fraud Alert 10-30-09

Fraudulent Work-at-Home Funds Transfer Agent Schemes

Individuals are using deposit accounts to receive unauthorized electronic funds transfers and forward funds overseas to criminals.

The Federal Deposit Insurance Corporation (FDIC) is warning financial institutions of an increase in schemes to recruit individuals to receive and transmit unauthorized electronic funds transfers (EFTs) from deposit accounts to individuals overseas. These funds transfer agents, often referred to as "money mules," are typically solicited on the Internet by criminals who have gained unauthorized access to the online deposit account of a business or consumer. In a typical scenario, the criminal will originate unauthorized EFTs from a victim's account to a money mule's deposit account. The money mule is then instructed to quickly withdraw the funds and wire them overseas after deducting a "commission" (commonly eight to ten percent).

Criminals target online deposit accounts at institutions where business customers can originate EFTs, such as automated clearing house (ACH) and wire transfers, over the Internet. Money mules, however, can be customers at any depository institution where EFTs can be received and funds withdrawn. In some cases, the money mule may be an unknowing accomplice in a fraud scheme. Because EFTs are often made immediately available by the receiving institution, funds may be removed and wire transferred overseas before the fraud is detected. Refer to SA-147-2009 http://www.fdic.gov/news/news/specialalert/2009/sa09147.html for more information on fraudulent EFT schemes.

Money mule schemes can take many different forms, but most involve receiving unauthorized EFTs into a deposit account and then withdrawing the funds or forwarding them on to another party via another EFT. The following are common scenarios:

Online job posting Web sites are used by criminals to locate individuals seeking employment with flexible work hours that can be performed from home. These work-at-home schemes often involve written employment contracts, job descriptions and procedures to legitimize the scam.
Advance fee scams promising large monetary rewards for acting as a financial intermediary can entice individuals to participate in this activity.
Mystery shopping jobs may be used that require the employee to assess the performance of money service businesses by completing EFTs and then evaluating the service using customer satisfaction forms.
Social networking sites may be used to recruit individuals to act as money mules. Criminals conjure up various imaginative stories to befriend and persuade individuals to receive and forward stolen funds.
Some hesitant or skeptical money mules have been intimidated, harassed and threatened by their criminal "employers" to process the funds transfers quickly and with secrecy.
The personal identifiable information provided by the money mule might later be used to commit identity theft or account takeover.

The following are examples of events that may indicate money mule account activity:

A deposit account opened with a minimal deposit soon followed by large EFT deposits.
Deposit customers who suddenly begin receiving and sending EFTs related to new employment, investments, business opportunities or acquaintances (especially opportunities found on the Internet).
A newly opened deposit account with an unusual amount of activity, such as account inquiries, or a large dollar amount or high number of incoming EFTs.
An account that receives incoming EFTs then shortly afterward originates outgoing wire transfers or cash withdrawals approximately eight to ten percent less than the incoming EFTs.
A foreign exchange student with a J-1 Visa and fraudulent passport opening a student account with a high volume of incoming/outgoing EFT activity.

Money mule activity is essentially electronic money laundering addressed by the Bank Secrecy Act and Anti-Money Laundering Regulations. Strong customer identification, customer due diligence, and high-risk account monitoring procedures are essential for detecting suspicious activity, including money mule accounts. Financial institutions can find additional guidance about customer identification, account monitoring, suspicious activity reporting, and identity theft red flags below:

● FDIC Risk Management Manual of Examination Policies - Bank Secrecy Act:
www.ffiec.gov/bsa_aml_infobase/documents/FDIC_DOCs/BSA_Manual.pdf;

● FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual:
www.ffiec.gov/bsa_aml_infobase/default.htm

● FFIEC Identity Theft Red Flags – Interagency Final Regulations and Guidelines:
www.fdic.gov/news/news/financial/2007/fil07100.pdf

Financial institutions should act promptly when they believe fraudulent or improper activities have occurred, such as those of a money mule. Appropriate actions may include, but are not limited to, filing a Suspicious Activity Report and/or closing the deposit account in accordance with existing, board-approved account closure policies and procedures.

Cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's website at http://www.fdic.gov/news/news/specialalert/2009/index.html. To automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

FDIC Fraud Alerts 10-28-09

Fraudulent E-Mails Claiming to be from the FDIC

Summary
E-mails fraudulently claiming to be from the FDIC are attempting to trick recipients into installing unknown software on personal computers. These e-mails falsely indicate that recipients should download and open a "personal FDIC insurance file" to check their deposit insurance coverage. The "insurance file" may actually be a form of spyware or malicious code and may collect personal or confidential information.
_____

The Federal Deposit Insurance Corporation (FDIC) has become aware of e-mails appearing to be sent from the FDIC that are asking recipients to download and open a "personal FDIC insurance file" to check their deposit insurance coverage. These e-mails are fraudulent and were not sent by the FDIC. The FDIC is attempting to identify the source of the e-mails and disrupt the transmission.

Currently, the subject line of the fraudulent e-mails includes the wording "check your Bank Deposit Insurance Coverage." The e-mails state: "You have received this message because you are a holder of a FDIC-insured bank account. Recently FDIC has officially named the bank you have opened your account with as a failed bank, thus, taking control of its assets."

The e-mails ask recipients to "visit the official FDIC website" by clicking on a hyperlink provided, which appears to be related to the FDIC and directs recipients to a fraudulent Web site. The Web site includes hyperlinks that appear to open forms. However, it is believed that clicking on the hyperlinks will cause an unknown executable file to be downloaded. While the FDIC is working with the United States Computer Emergency Readiness Team (US-CERT) to determine the exact effects of the executable file, recipients should consider the intent of the software as a malicious attempt to collect personal or confidential information, some of which may be used to gain unauthorized access to online banking services or to conduct identity theft. Financial institutions and consumers should NOT access the Web site or download the executable files provided on the Web site.

Federal Deposit Insurance Corporation
_____________________________________________

Counterfeit Cashier's Checks

Bank of Pine Hill, Pine Hill, Alabama, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 062105781, which is assigned to Bank of Pine Hill. A security feature statement is embedded within a darkened top border and along the bottom border between two padlocks. The words "CASHIER'S CHECK" and a "NOTICE TO CUSTOMERS" statement appear in the lower-left corner. The word "DRAWER" appears on the right above the "AUTHORIZED SIGNATURE" line.

Authentic checks display the words "CASHIER'S CHECK" vertically along the left side. The bank's telephone number appears below that bank's name and address in the top-left corner. The word "REMITTER" appears in the center and the word "DOLLARS" appears on the right side of the checks. The word "DATE" appears on the right side along with the statement "THIS CHECK VOID 90 DAYS AFTER THE ISSUE DATE."

Any information you have concerning this matter should be brought to the attention of:
   Melody D. Godbold
   Vice President and Chief Financial Officer
   Bank of Pine Hill
   P.O. Box 310
   Pine Hill, Alabama 36769
   Telephone: (334) 963-4343
   Fax: (334) 963-4943
   Email: melody@pinebelt.net

International Credit Union Day

Today is International Credit Union Day

CUs Celebrating 'Choice' on ICU Day

This year's International Credit Union Day theme - Your Money. Your Choice. Your Credit Union - celebrates choice, which is what gave birth to the credit union as a not-for profit, cooperative alternative to for-profit, investor-owned banks, according to Credit Union National Association President/CEO Dan Mica.

Today is ICU Day. It has been celebrated on the third Thursday of October since 1948 to celebrate what credit unions do to improve their members' financial well-being, Mica said. "Whether it is opening that first account for a child, arranging financing on a used car, making a small-business loan, holding a seminar on improving credit scores or opening a branch in a community without financial services, credit unions play a role in changing lives," he added.

"As we celebrate International Credit Union Day, we recommit to the credit union spirit of unity and service to members," Mica said. "We also look to spread the credit union idea to the millions in the U.S. and abroad who are yet unfamiliar with our philosophy and benefits so that they may discover what millions already know: When you are a member, it really is your credit union."

On ICU Day, credit unions are recommitting to the credit union spirit of unity and service to members and spreading the credit union philosophy to those in the U.S. and overseas. The World Council of Credit Unions (WOCCU) is kicking off its celebration with a "Celebrating Our Heritage" webinar, led by WOCCU President/CEO Pete Crear. The webinar takes place at 2 p.m. EDT today.

"The role credit unions play has gained even greater importance this past year in light of the global financial crisis, which continues to negatively affect our members worldwide," said Barry Jolette, WOCCU chair. "The strength and empowerment that comes through cooperative financial ownership cannot be underestimated, making credit union access more critical to members than ever before."

Jolette also echoed Mica's thoughts about the importance of choice.

"On ICU Day and every day, credit union involvement is a choice we have made," he said. "It remains the responsibility of each of us to make sure the world understands the value of credit unions so that next year, even more people will be served by credit unions."

Washington Gov. Chris Gregoire proclaimed today as Credit Union Day in the state to celebrate the 75th year of the Washington Credit Union League. This is the fifth consecutive year the governor has proclaimed ICU Day as Credit Union Day. Several credit unions, including O Bee CU in Tumwater and Evergreen Direct CU in Olympia, also are participating in a contest that honors the 75,000th new credit union member with gift certificates and prizes. More than 67,000 Washingtonians joined credit unions by the end of June, and 75,000th person is expected to join during the remainder of the year (The Olympian Oct. 13).

The Maryland and District of Columbia Credit Union Association is hosting a reception today at Credit Union House in Washington, D.C., with guest speakers including National Credit Union Administration board member Gigi Hyland and Mica. The association also will celebrate its international partnerships with the United Kingdom and Nicaraguan credit union movements (Focus newsletter Oct. 12).

BECU, Tukwila, Wash., is reaching out to college students this week by teaching them how to manage their finances and avoid scams. The BECU Mobile Financial Center will lead the "GO BECU Tour" with visits to four college campuses around Puget Sound, Wash., to teach students about money. The average college student graduates with between $3,000 and $4,000 in credit card debt, according to the credit union.

"The 'Go BECU Tour' is about making sure students know their options and understand how to navigate the confusing financial landscape," said Gary Oakland, BECU CEO.

Alabama and Florida state government declared today as ICU Day. The League of Southeastern Credit Unions (LSCU), in honor of its Alabama and Florida member credit unions, created a proclamation that recognized accomplishments of the credit union movement, and submitted it for signature to the governors of both states.

"We at LSCU wanted to highlight in a public way the many reasons why people choose credit unions for access to fair and affordable financial services," said Patrick La Pine, president/CEO of LSCU. "Credit union members reap the benefits of doing business with a financial institution they own--one focused on service to its members, not profits for its stockholders. That means value, service, respect, and the opportunity to be part of a financially sound and socially responsible institution."

In Alabama, Gov. Bob Riley signed the proclamation. In Florida, Gov. Charlie Crist and members of the Florida Cabinet signed and presented the proclamation at a Sept. 29 cabinet meeting.

Retired Florida league leaders Guy M. Hood, former president/CEO, and Aletta Shutes, former executive vice president, were also honored for their many contributions to the credit union movement. Both retired from the league in August and July, respectively.

CUNA News Now

FDIC Fraud Alerts 10-6-09

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
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Counterfeit Cashier's Checks

Prudential Bank and Trust, FSB, Hartford, Connecticut, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011975221, which is assigned to Prudential Bank and Trust, FSB. The items are very similar to authentic cashier's checks. A telephone number, which is not associated with the bank, is displayed below the bank's name and address in the top-left corner.

Authentic checks have a security feature statement embedded within a darkened top border.

Any information you have concerning this matter should be brought to the attention of:
   Heather M. Corrado
   Vice President and Chief Operating Officer
   Prudential Bank and Trust, FSB
   280 Trumbull Street
   Hartford, Connecticut 06103
   Telephone: (860) 534-4513
   Fax: (860) 534-3595
   Email: heather.corrado@prudential.com
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Counterfeit Cashier's Checks

Edmonton State Bank, Glasgow, Kentucky, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 083904181, which is assigned to Edmonton State Bank. The items have ornate top and side borders with the words "CASHIER'S CHECK" inside of a rectangle in the top-center area. All of the fields on the items are shown as perforated lines. A restrictive feature statement appears to the left of two authorized signature lines.

Authentic cashier's checks have the words "CASHIER'S CHECK" in the lower-left corner. The checks display black and white borders, and a security feature statement below the written amount line. A security padlock icon appears to the right of the word "DOLLARS" at the end of the written amount line. The checks have arrows preceding each field.

Any information you have concerning this matter should be brought to the attention of:
   Chad White
   Vice President of Operations
   Edmonton State Bank
   P.O. Box 1149
   Glasgow, Kentucky 42141
   Telephone: (270) 659-3540
   Fax: (270) 659-3542
   Email: cwhite@edmontonstatebank.com
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Counterfeit Cashier's Checks

Premier Service Bank, Riverside, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 122243240, which is assigned to Premier Service Bank. The items are very similar to authentic checks. However, the counterfeit items have a vertical security statement and padlock icon along the right side.

Any information you have concerning this matter should be brought to the attention of:
   Margaret Loya
   Vice President and Operations Administrator
   Premier Service Bank
   3637 Arlington Avenue, Suite B
   Riverside, California 92506
   Telephone: (951) 274-2400, extension 227
   Fax: (951) 274-2409
   E-mail: margaret@premierservicebank.com
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Counterfeit Checks

First Federal Savings and Loan Association of Independence, Independence, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 301170817, which is not assigned to First Federal Savings and Loan. The items are markedly dissimilar to authentic checks. The items display the name "FIRST FEDERAL SAVINGS & LOAN ASSN" and a P.O. Box address in the top-left corner. Seven arrows appear before the words "PAY ONLY" on the left side of the items. The statement "VOID AFTER 6 MONTHS" appears on the right side. The words "PAY" and "TO THE ORDER OF" appear on two separate lines. The phrase "MEMBER OF FDIC" appears centered on the lower-portion of the items.

Authentic checks display the routing number 011007092, which is assigned to the Bank of New York Mellon, Everett, Massachusetts. First Federal Savings and Loan issues checks through a payable-through account at the Bank of New York Mellon. The checks have an ornate border with a security feature statement below the top border. The bank's logo, name and locations are displayed in the top-left corner. The statement "VOID AFTER 6 MONTHS" appears in the top center of the checks. The words "PAYABLE THROUGH BANK OF NEW YORK MELLON, EVERETT, MA" are displayed in the lower-left corner. The bank's name appears above the signature line in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Cindi Alexander
   Staff Accountant
   First Federal Savings and Loan
   P.O. Box 947
   Independence, Kansas 67301
   Telephone: (620) 331-1660
   Fax: (620) 331-1694
   E-mail: cindi@firstfederalsl.com
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FDIC Fraud Alerts 10-1-09

The FDIC has issued alerts on circulation of fraudulent checks bearing the name(s) of individual institution(s) (with routing numbers).
__________

Counterfeit Official Checks

First Southern Bank, Florence, Alabama, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 262283665, which is assigned to First Southern Bank. The items have a solid pink background and display a security feature statement along the bottom border between two padlocks.

Authentic checks have a marbled pink background and display a security feature statement embedded in a darkened top border.

Any information you have concerning this matter should be brought to the attention of:
   Cindy Schlosser
   Senior Vice President Operations Manager
   First Southern Bank
   303 North Pine Street
   Florence, Alabama 35630
   Telephone: (256) 718-4204
   Fax: (256) 718-4277
   Email: cschlosser@firstsouthern.com

Alternate Contact:
   Heather Hammond
   Assistant Vice President and Bank Secrecy Act Officer
   First Southern Bank
   303 North Pine Street
   Florence, Alabama 35630
   Telephone: (256) 718-4210
   Fax: (256) 718-4277
   Email: hhammond@firstsouthern.com
__________

Counterfeit Official Checks

A. J. Smith Federal Savings Bank, Midlothian, Illinois, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 271970448, which is assigned to A. J. Smith Federal Savings Bank. The items have ornate top and bottom borders with security feature statements embedded in them.

Authentic checks have a green marbled background. A security feature statement is displayed at the top of the check above the words "OFFICIAL CHECK."

Any information you have concerning this matter should be brought to the attention of:
   Pamela Favero
   Chief Financial Officer and Bank Secrecy Act Officer
   A. J. Smith Federal Savings Bank
   14757 South Cicero Avenue
   Midlothain, Illinois 60445
   Telephone: (708) 237-8127
   Fax: (708) 687-7477
   Email: pfavero@ajsmithbank.com
__________

Counterfeit Official Checks

Lone Star Bank, S.S.B., Moulton, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. Lone Star Bank, S.S.B. does not issue official checks; however, it does issue cashier's checks.

The counterfeit items display the routing number 113119985, which is assigned to Lone Star Bank, S.S.B. The items display a security feature statement embedded in a darkened top border and along the bottom border between two padlocks. The words "OFFICIAL CHECK" appear in the lower-left corner.

Authentic checks have security feature statements embedded in darkened top and side borders. The bank's telephone number appears below its name, locations and P.O. Box address in the top center. The words "CASHIER'S CHECK" appear in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Sheryl Janak
   Auditing Officer
   Lone Star Bank, S.S.B.
   100 South Main
   P.O. Box A
   Moulton,Texas 77975
   Telephone: (361) 596-4611
   Fax: (361) 596-7519
   E-mail: sjanak@lonestarbank.net
__________

Counterfeit Money Orders

Bank Mutual, Brown Deer, Wisconsin, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit money orders bearing the institution's name are in circulation.

The counterfeit items display the routing number 092005411, which is assigned to First Interstate Bank, Helena, Montana. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks. The words "DRAWER" and "DRAWEE" appear in the top-right corner.

Authentic money orders display the routing number 275071330 and have ornate borders with a security statement just below the top border. The bank's name, location and a restrictive statement ("NOT VALID OVER $1,000") appear in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Cynthia A. Frank
   Vice President and Security Officer
   Bank Mutual
   4949 West Brown Deer Road
   Milwaukee, Wisconsin 53224-9534
   Telephone: (414) 362-6126
   Fax: (414) 371-8391
   Email: cynthia.frank@bankmutual.com
__________

Counterfeit Official Checks

Peoples Bank, Lynden, Washington, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. Peoples Bank does not issue official checks; however, it does issue cashier's checks.

The counterfeit items display the routing number 122042205, which is assigned to Preferred Bank, Los Angeles, California. Peoples Bank issues cashier's checks through a payable through account held at Preferred Bank. The counterfeit items display a security feature statement embedded in the top border. The words "OFFICIAL CHECK" are in the top center. A written amount line appears in the center of the items. A security feature statement appears in the lower-right corner under the "AUTHORIZED SIGNATURE" line.

Authentic checks display a security feature statement just below the top border. The words "CASHIER'S CHECK" are in the top center. The abbreviation "RE:" appears under the wording "Pay to the Order of." A "NOTICE TO CUSTOMERS" statement appears in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Deposit Operations Department
   Peoples Bank
   419 Liberty Street
   PO Box 233
   Lynden, Washington 98264
   Telephone: (360) 354-7249
   Fax: (360) 354-7242
   Email: Tera.Swan@peoplesbank-wa.com
__________

Counterfeit Official Checks

Central Bank, Houston, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 092005411, which is assigned to First Interstate Bank, Billings, Montana. Central Bank issues official checks through Moneygram Payment Systems Incorporated, Minneapolis, Minnesota, payable through First Interstate Bank. The counterfeit items have ornate top and side borders. A security feature statement is displayed along the top border on either side of the words "OFFICIAL CHECK." The bank's name, logo and a location not associated with the bank appear in the top-left corner. The word "Date" is displayed slightly off center. A security feature statement and a padlock icon appear next to the right border. The statement "TWO SIGNATURES REQUIRED OVER $25,000" appears in the lower-right corner under the signature lines.

Authentic checks are light blue with darkened borders. A security feature statement is displayed under the top border. A box for the check amount appears under the words "OFFICIAL CHECK" in the top-right corner. The word "Remitter" is displayed under the bank's logo and name in the top-left corner. A heat-reactive thermochromic icon is top-centered. The statement "TWO SIGNATURES REQUIRED OVER $125,000.00" appears in the lower-right corner under the signature lines.

Any information you have concerning this matter should be brought to the attention of:
   Margarite Gonzales
   Vice President
   Central Bank
   P.O. Box 801263
   Houston, Texas 77280-9911
   Telephone: (832) 485-2300
   Fax: (832) 485-2422
   Email: margarite@centralbankhouston.com
__________

Counterfeit Official Checks

Manasquan Savings Bank, Manasquan, New Jersey, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011007092, which is assigned to the Bank of New York Mellon, Everett, Massachusetts. Manasquan Bank issues official checks through Moneygram Payment Systems Incorporated, Minneapolis, Minnesota, payable through the Bank of New York Mellon. The items are light green and display a box in the top-left corner.

Authentic checks are light blue. The bank's telephone number is displayed below the bank's logo, name and address.

Any information you have concerning this matter should be brought to the attention of:
   Alan J. Stuart
   Senior Vice President
   Manasquan Bank
   P.O. Box E
   Manasquan, New Jersey 08736
   Telephone: (732) 223-4550, extension 234
   Fax: (732) 223-2820
   Email: astuart@manasquanbank.com

U.S. Central FCU Update

From Daily Update, Monday, September 14, 2009

New Risks Emerge at U.S. Central FCU

U.S. Central FCU, which reported a whopping $4.9 billion loss for 2008, detailed new exposures to the ongoing credit crunch in its annual report issued Friday night.

The one-time $52 billion corporate credit union, taken over by NCUA on March 20, explained that its losses for last year quadrupled from the previously announced estimates of $1.2 billion for several reasons, including the continuing deterioration of the housing markets on which its vast portfolio of mortgage-backed securities are based, and problems at the main insurer for those MBSs.

As the corporate credit union for the nation's corporate credit unions, U.S. Central sits on the top of the three-tiered credit union system. As a result, losses accrued by U.S. Central will eventually trickle down to all credit unions, first to its 27 member corporates on the second tier, then to the 8,000 natural person credit unions on the bottom tier.

Upon taking U.S. Central under conservatorship, NCUA dismissed the management and the board of directors, which included two representatives of CUNA.

The deterioration of the financial condition prompted an extraordinary apology from the management in the annual report.

"Speaking for the staff of U.S. Central, we are sorry this happened," wrote James Nance, appointed by NCUA as conservator of the troubled corporate. "We are embarrassed that we allowed this to happen on our watch."

"We are haunted by self-doubt concerning our decisions. Those entrusted and vested with authority necessary to have avoided the problems are no longer affiliated with U.S. Central," he continued. "Even while we understand that responsibility rests among them, we - as an organization and as individuals - are hurt and scarred by the resulting losses absorbed by our members and by their members."

"Our failures, combined with those of the other elements of the risk-control environment designed to protect this organization, left us more vulnerable to these extraordinary market forces than, in hindsight, was appropriate," he wrote.

The report paints a bleak picture of potential future losses. For instance, it says the continuing deterioration of the underlying collateral for the MBSs has caused the downgrade of 165 securities with a par value of $6.7 billion below investment grade. Even with realized losses of more than $6 billion over the past 18 months, unrealized losses on the portfolio stood at $8 billion at year-end 2008 and $8.5 billion at mid-year 2009.

"Many of U.S. Central's investment securities are in significant unrealized loss positions as of December 31, 2008, particularly non-agency (residential) mortgage-backed securities," explained the U.S. Central auditors, Deloite and Touche. "Management believes that the unrealized losses, and the severity thereof, are the result of 1) historically high defaults and delinquencies on mortgages underlying non-agency RMBS, and 2) a severe imbalance in the current, illiquid market between supply and demand for these same securities."

In addition, U.S. Central owns a number of investment securities guaranteed by monoline insurers. One of the monoline insurers, Financial Guaranty Insurance Company, has experienced particularly severe declines in its credit ratings. Based on internal analysis and the aforementioned downgrades, U.S. Central management has determined that FGIC's claims paying ability was not sufficient to cover its estimated losses.

The situation has worsened since the end of 2008, with the troubled corporate reporting another $470.5 million in losses for the second quarter of 2009 and a $1.1 billion loss for the first six months of this year.

The accumulated losses exceed all of U.S. Central's retained earnings and capital, although NCUA said this weekend that it has yet to revise the loss figures beyond the 62.7% of member capital shares owned by U.S. Central's 27 corporate members.

NCUA, which has pledged an unprecedented level of financial resources to rescue the U.S. Central, said Friday U.S. Central remains a viable credit union. "The NCUA has made it clear that U.S. Central is to continue offering its products and services for the foreseeable future," said the agency in releasing the 2008 financials. "U.S. Centrals goal is to minimize losses to the National CU Share Insurance Fund. Under current market conditions, the board and management generally believe that losses will be minimized by continuing to hold the impaired assets and collecting principal and interest payments."

Credit Union Journal

FDIC Fraud Alerts 9-14-09

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
__________

Counterfeit Money Orders

The Miners State Bank, Iron River, Michigan, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit money orders bearing the institution's name are in circulation.

The counterfeit items display the routing number 091109253, which is assigned to The Miners State Bank. The items have ornate top and side borders and a security feature statement that appears on both sides of the boxed statement "PERSONAL MONEY ORDER." The counterfeit items display the restrictive statement "Not Valid Over $1,000.00" under the payee line.

Authentic money orders have an outlined ornate border with the words "PERSONAL MONEY ORDER" top-centered in a darkened box. The security statement "THIS DOCUMENT HAS A MICROPRINT SIGNATURE LINE, WATERMARK AND A THERMOCHROMIC ICON; ABSENCE OF THESE FEATURES WILL INDICATE A COPY" and the restrictive statement "Not Valid Over $1,000.00" appear under the payee line.

Any information you have concerning this matter should be brought to the attention of:
   Geri Sloat
   Vice President Compliance
   312 West Genessee Street
   Iron River, Michigan 49935
   Telephone: (906) 265-5131
   Fax: (906) 265-5575
   E-mail: geri@msbir.com
__________

Counterfeit Money Orders

The Lowell Five Cent Savings Bank, Lowell, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit money orders bearing the institution's name are in circulation.

The counterfeit items display the routing number 211371337, which is assigned to The Lowell Five Cents Savings Bank. The items are very similar to authentic money orders except that the words "MONEY ORDER" are circled on the authentic money orders.

Any information you have concerning this matter should be brought to the attention of:
   Glenn Goldman
   Senior Vice President of Compliance and Risk
   The Lowell Five Cents Savings Bank
   One Merrimack Plaza
   Lowell, Massachusetts 01852
   Telephone: (978) 441-6458
   Fax: (978) 452-6747
   E-mail: ggoldman@lowellfive.com
__________

Counterfeit Official Checks

The Peninsula Bank of Ishpeming, Ishpeming, Michigan, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 091101316, which is assigned to The Peninsula Bank of Ishpeming. The items are red or blue and have ornate top and side borders with "OFFICIAL CHECK" circled in the top center. A "Memo" line appears under "REMITTER" in the top left. A "NOT VALID OVER" restrictive statement appears above the "AUTHORIZED SIGNATURE" line in the lower-right corner.

The Peninsula Bank does not issue official checks; however, it does issue cashier's checks.

Authentic checks have a green background with security feature statements embedded in darkened top and bottom borders. The words "CASHIER'S CHECK" are displayed in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Joe Havican
   Security Loan Officer and Commercial Loan Officer
   100 South Main Street
   Ishpeming, Michigan 49849
   Telephone: (906) 485-6333 or (906) 226-4354
   Fax: (906) 485-1565 or (906) 228-3939
   E-mail: jhavican@penbank.com
__________

Counterfeit Cashier's Checks

The Apple Creek Banking Company, Apple Creek, Ohio, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 041208748, which is assigned to The Apple Creek Banking Company. The items are blue and display a security feature statement embedded in a darkened top border and along the bottom-right border.

Authentic checks have a security feature statement under the written amount line and a padlock icon above "DOLLARS."

Any information you have concerning this matter should be brought to the attention of:
   Michael Coleman
   Senior Vice President and Chief Financial Officer
   The Apple Creek Banking Company
   P.O. Box 327
   Apple Creek Banking Company
   Apple Creek, Ohio 44606
   Telephone: (330) 698-5003
   Fax: (330) 698-4770
   Email: mcoleman@applecreekbank.com
__________

Counterfeit Cashier's Checks

Bank of Stockton, Stockton, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 121101037, which is assigned to the Bank of Stockton. The items are markedly dissimilar to authentic cashier's checks. They display a security feature statement embedded in a darkened top border and along the bottom border between two padlocks. The bank's name and P.O. Box address appear in the top-left corner. The written amount line appears above the "Pay to the Order of" line.

Authentic checks are light blue with a screened image background and an ornate scroll border. The words "Cashier's Check" are written in a script font in the top center along with a large serrated blue and gold seal. The bank's name and location are also in the top center. A "RE" line appears in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Sue Feston
   Assistant Vice President and Customer Service Officer
   Bank of Stockton
   P.O. Box 1110
   Stockton, California 95201
   Telephone: (209) 929-1204
   Fax: (209) 929-1564
   E-mail: sfeston@bankofstockton.com
__________

Counterfeit Cashier's Checks

The Citizens State Bank at Mohall, Mohall, North Dakota, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 091308795, which is assigned to The Citizens State Bank at Mohall. The items have a security feature statement in the top center and a padlock security icon along the right border. The bank's name and P.O. Box address appear in the top-left corner. The word "Remitter" appears in the lower-left corner. The words "AUTHORISED SIGNATURE" appear below the signature line in the lower-right corner.

Authentic checks have an ornate border with the words "CASHIER'S CHECK" boxed in the top center. A padlock security icon appears next to "DOLLARS" on the right. The bank's name and location appear in the lower-left corner. A "REMITTER" line appears in the top left. The words "EXEC. VICE PRES.-ASST. CASHIER AUTHORIZED SIGNATURE" appear above the signature line.

Any information you have concerning this matter should be brought to the attention of:
   Mary A. Marmon
   Teller
   P.O. Box 127
   Mohall, North Dakota 58761
   Telephone: (701) 756-6364
   Fax: (701) 756-6366
   E-mail: csbmsl@srt.com

Financial Reality Fair at State Capitol

Step Up to Volunteer!
Financial Reality Fair needs credit union volunteers from across the state
________________________________________________________________

Financial Reality Fair
Wednesday, November 4, 2009
State Capitol ● 8:00 a.m. – 1:00 p.m.
A Joint Effort of the CT CU Solutions Foundation and all Connecticut Credit Unions
________________________________________________________________

More than 400 students from 7 high schools are scheduled to participate!

Here's an opportunity to have an influence—however large, small or marginal—on a group of students looking to learn how to manage their finances…both now and in the future. Tap the teacher and parent in you to help these youth learn financial fundamentals that will influence them for the rest of their lives.

Financial literacy is one of the hottest topics in education today, and an increasing presence in the financial services industry. More important than that, it has become noticed and discussed in government circles from local municipalities to state legislatures all the way up to Congress in Washington.

Civic and government leaders have finally recognized the importance of teaching our young people how to survive in an economic environment that can crush, cradle or boost their financial lives in ways once not imaginable. Today’s challenging economy couldn’t have made the point any better: know how to manage your money wisely or suffer the consequences.

Credit unions have remained at the forefront of financial literacy since taking the concept in hand and developing a practical means of teaching rational money management in terms that young people can identify with. The Financial Reality Fair is about as real-life as you can make it, and offers a fun and exciting environment for students to walk through the paces of building an understanding of what it will take to make it out in the adult world.

The League, the Connecticut Credit Union Solutions Foundation, and Connecticut REAL Solutions credit unions encourage credit unions throughout the state to become a part of the excitement and, yes, an active part of the solution to increasing financial literacy among our youth. These are the future movers and shakers of our state’s business, government, and social environments. We should become a part of their growth and education.

This Financial Reality Fair will take place at the State Capitol and will give our legislators a clear picture of the dynamics and effectiveness of holding an intensive and practical workshop for students on how to manage your money in a capricious economy.

We anticipate more than 400 students from high schools across the state to participate. To make this exercise successful, the need for credit union volunteers is critical to manage booths representing real-life situations and events and to interact directly with students. Please consider participating. You will not believe the benefits of this experience and will leave the Fair with a real enthusiasm for such a project and energy to make it happen at your credit union no matter on what level.

To participate, please contact Mary Budnick at mbudnick@achievefinancialcu.com.

Questions may be directed to Barb Bass at bbass@culct.coop.

Fraud Alerts 9-8-09

[Please Note: Credit union-reported fraud alerts follow the FDIC report.]
__________

FDIC Fraud Alerts

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
__________

Counterfeit Cashier's Checks

Commercial Bank of Oak Grove, Missouri, Oak Grove, Missouri, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101206389, which is assigned to Commercial Bank of Oak Grove, Missouri. The items have darkened top and side borders. The security feature statement "TWO AUTHORIZED SIGNATURES REQUIRED IF AMOUNT IS OVER $3,000.00" appears under the written amount line. A telephone number that is not associated with the bank appears under the bank's name, logo and location in the top-center of the items.

Authentic cashier's checks have ornate borders on all sides with a security padlock icon embedded in the right border. The security feature statement "TWO AUTHORIZED SIGNATURES REQUIRED IF AMOUNT IS OVER $2,000.00" appears under the written amount line.

Any information you have concerning this matter should be brought to the attention of:
   Jeff Fortney
   Vice President and Cashier
   Commercial Bank of Oak Grove, Missouri
   1114 Broadway
   Oak Grove, Missouri 64075
   Telephone: (816) 690-4416
   Fax: (816) 690-8201
   E-mail: fortney_jeff@hotmail.com
__________

Counterfeit Cashier's Checks

East West Bank, Pasadena, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 322070381, which is assigned to East West Bank. The counterfeit items are very similar to authentic cashier's checks; however, authentic checks have "Secure Standard Register" printed in orange on the back.

Any information you have concerning this matter should be brought to the attention of:
   Ken Tang
   Assistant Vice President and Assistant Manager Fraud and Investigations
   East West Bank
   9300 Flair Drive, Fourth Floor
   El Monte, California 91731
   Telephone: (626) 371-8533
   Fax: (626) 242-9771
   E-mail: ktang@eastwestbank.com

Alternate Contact:
   Tito Ochoa
   Fraud Investigator
   East West Bank
   9300 Flair Drive
   El Monte, California 91731
   Telephone: (626) 371-8524
   Fax: (626) 242-9771
__________

Counterfeit Cashier's Checks

CCB Community Bank, Andalusia, Alabama, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 062105778, which is assigned to CCB Community Bank. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks. The words "Cashier's Check" appear in the top-left corner. The items have the bank's logo, the name "Covington County Bank" and a toll-free telephone number that is not associated with the bank in the lower-left corner. Two signature lines are displayed in the lower-right corner.

Authentic checks have ornate borders and a "NOTICE TO CUSTOMERS" statement located directly under the words "CASHIER'S CHECK" in the lower-left corner. The bank's logo, name and location are top-centered. A "REMITTER" line appears in the top-left corner. One signature line is displayed in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Debbie Grissett
   Senior Vice President Operations
   CCB Community Bank
   P.O. Box 400
   Andalusia, Alabama 36420
   Telephone: (334) 427-3991
   Fax: (334) 427-4381
   E-mail: dgrissett@bankccb.com
___________

Counterfeit Official Checks

Ally Bank, Midvale, Utah, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 031176136, which is assigned to Ally Bank. The words "OFFICIAL CHECK" appear in the lower-left corner under "GMAC Bank." The name "GMAC Bank" and location appear in the top-left corner as "GMAC Bank, P.O. Box 951, Horsham, PA 19044."

Authentic checks display the routing number 124003116, which is assigned to Ally Bank. The checks have a blue background. The words "OFFICIAL CHECK" are top-centered and "Ally Bank" is displayed in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Michael O'Neill
   Fraud Manager
   Ally Bank
   1100 Virginia Drive
   Fort Washington, Pennsylvania 19034
   Telephone: (215) 734-5966
   Fax: (866) 502-8657
   E-mail: michael.o'neill@gmacbank.com
__________

Counterfeit Cashier's Checks

Iowa Trust and Savings Bank, Emmetsburg, Iowa, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 073921093, which is assigned to Iowa Trust and Savings Bank. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks. One signature line appears in the lower-right corner of the items.

Authentic checks have a security padlock icon embedded within the right border. The security statement "THIS DOCUMENT HAS A MICROPRINT SIGNATURE LINE, AUTHENTIC WATERMARK, AND CHOLOROSTAIN PAPER; ABSENCE OF THESE FEATURES WILL INDICATE A COPY" appears under the written amount line. Two signature lines appear in the lower-right corner of the check.

Any information you have concerning this matter should be brought to the attention of:
   Colleen M. Heldt
   Cashier and Chief Financial Officer
   Iowa Trust and Savings Bank
   2101 Tenth Street
   P.O. Box 159
   Emmetsburg, Iowa 50536-0159
   Telephone: (712) 852-3451, Extension 241
   Toll Free: (800) 233-9109
   Fax: (712) 852-4232
   E-mail: cheldt@iowatrustbank.com
__________

Counterfeit Cashier's Checks

Shinhan Bank America, New York, New York, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 026011963, which is assigned to Shinhan Bank America. The items are markedly dissimilar to authentic cashier's checks. The words "Cashier's Check" are top-centered and the bank's name and logo are in the top-left corner. One signature line is displayed in the lower-right corner.

Authentic checks display the routing number 026011963 or 122041646. The words "CASHIER'S CHECK" appear directly under the written amount line in the lower-left corner of the check. The bank's logo, name and Web site are top-centered. A "REMITTER" line appears in the top-left corner. Two signature lines are displayed in the lower-right corner, along with the restrictive statement, "2 SIGNATURES REQUIRED FOR AMOUNT OVER $50,000."

Any information you have concerning this matter should be brought to the attention of:
   Carolyn Byon
   Vice President
   Shinhan Bank America
   330 Fifth Avenue
   New York, New York 10001
   Telephone: (646) 843-7304
   Fax: (212) 244-1953
   E-mail: operationsupport@shbamerica.com

_______________________________________

CU Fraud Alerts

1. A northern CT credit union reported that a member received a letter in the postal mail announcing she had won a “customer rewards” award of $8,000 dollars as a result of her purchases at a Target store. The letter included a record of actual purchases she had made at the store. Attached was a check in the amount of $985 as initial payment to help her pay the tax on her winnings. She was told to wire out $800 to a specific location. She deposited her check and wired out the funds as instructed. When the check came back to the credit union as counterfeit, the credit union called her in to explain the fraud situation. Unfortunately, the member lost the money she had wired.

Credit unions are encouraged to question every such check deposit or cashing that comes to the teller line.

2. The president/CEO of a southeastern CT credit union received an “important notice” email purportedly from Bank of America that led her to a website where she was to confirm specific information on her “account,” which she does not have. The page asked for her ATM or check card PIN, credit and debit card numbers, bank account number, phone number, SS number, and even her mother’s maiden name and driver’s license number.

This is obviously an attempt to acquire confidential information for purposes of fraud. Credit unions are cautioned to inform their members about such attempts.

FDIC Fraud Alerts 8-24-09

FDIC Fraud Alerts

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
__________

Counterfeit Official Checks

Eastern Bank, Boston, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. Eastern Bank does not issue official checks; however, it issues personal money orders.

The counterfeit items display the routing number 011301798, which is assigned to Eastern Bank. A security feature statement is embedded within the top and bottom borders. The words "OFFICIAL CHECK" and the statement "NOT VALID AFTER 90 DAYS" are displayed in the lower-left corner. One "AUTHORIZED SIGNATURE" line appears in the lower-right corner.

Authentic money orders have an outlined border with a security feature statement embedded in the bottom border. The words "PERSONAL MONEY ORDER" and the statement "NOT VALID FOR MORE THAN $1,000.00" appear in the lower-left corner. A "DRAWER" line and an "ADDRESS" line are in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
John Curtis
Fraud Investigator
Corporate Security
One Eastern Place
Lynn, Massachusetts 01901
Telephone: (781) 598-7474
Fax: (781) 598-7907
E-mail: j.curtis@easternbank.com
__________

Counterfeit Cashier's Checks

Horizon Federal Credit Union, Williamsport, Pennsylvania, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 031302528, which is assigned to Woodlands Bank. Horizon Federal Credit Union cashier's checks are issued through Woodlands Bank, Williamsport, Pennsylvania. The items are dissimilar to authentic cashier's checks. The counterfeit items display a security feature statement embedded in a darkened top border. The bank's name, P.O. Box, street address, and location appear in the top-left corner.

Authentic cashier's checks are light blue with a border that varies in color: dark blue, dark purple or dark orange. The credit union logo, name, P.O. Box, address and telephone and fax numbers are in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:
Traci Donahue
Operations Manager
Horizon Federal Credit Union
P.O. Box 1355
1007 East 3rd Street
Williamsport, Pennsylvania 17701-1355
Telephone: (570) 326-3636 extension 214
Fax: (570) 326-5333
E-mail: tdonahue@horizonfcu.org
__________

Counterfeit Official Checks

New York Community Bancorp, Westbury, New York (parent company of New York Community Bank, formerly known as Synergy Bank), has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's former name are in circulation.

The counterfeit items display the routing number 221278721, which is assigned to New York Community Bank. Synergy Bank does not issue official checks; however, it does issue cashier's checks. The counterfeit items display the name "Synergy Federal Savings Bank"; authentic checks display "Synergy Bank." A security feature statement is embedded in the top border, and a padlock and security statement are embedded along the right border. The words "OFFICIAL CHECK" are top-centered. A line-columned box appears in the lower-left corner.

Authentic cashier's checks display a security feature statement within the top border. The words "CASHIER'S CHECK" appear in the top portion. A conditional and restrictive statement is also shown above the signature lines.

Any information you have concerning this matter should be brought to the attention of:
James Christopher
Assistant Treasurer
New York Community Bancorp (parent company of Synergy Bank)
615 Merrick Avenue
Westbury, New York 11590
Telephone: (516) 683-4180
Fax: (516) 683-8099
Email: James.Christopher@myNYCB.com
__________

Counterfeit Cashier's Checks

The Cape Cod Five Cents Savings Bank, Harwich Port, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 211371078, which is assigned to The Cape Cod Five Cents Savings Bank. The Cape Cod Five Cents Savings Bank does not issue cashier's checks; however, it issues treasurer's checks. The counterfeit items display a security feature statement embedded in a darkened top border and along a darkened bottom border. The words "CASHIER'S CHECK" appear in the bottom-left corner.

Any information you have concerning this matter should be brought to the attention of:
Diane K. Rowlings
Assistant Vice President and Security Officer
The Cape Cod Five Cents Savings Bank
19 West Road
P.O. Box 10
Orleans, Massachusetts 02653
Telephone: (508) 247-2128
Fax: (508) 247-5595
E-mail: drowlings@capecodfive.com
___________

Counterfeit Cashier's Checks

Northway Bank, Berlin, New Hampshire, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011700425, which is assigned to Northway Bank. Northway Bank does not issue cashier's checks. It does, however, issue official checks through MoneyGram Payment Systems Inc., Minneapolis, Minnesota. Authentic official checks display the routing number 011007092, which is assigned to a MoneyGram Payment Systems account held at Boston Safe Deposit and Trust Company, Boston, Massachusetts.

The counterfeit items display the words "CASHIER'S CHECK" inside a darkened box in the top center. A security feature statement is centered in a darkened box in the top border. A rectangle containing the numerical amount appears in the middle of the item. The restrictive statement "COUNTER SIGNATURE REQUIRED FOR AMOUNTS OVER $5,000.00" appears below the signature line.

Any information you have concerning this matter should be brought to the attention of:
Yolanda Kelley
Security Officer
Northway Bank
P.O. Box 9
Berlin, New Hampshire
Telephone: (603) 752-1171, extension 2709
Fax: (603) 752-4620
E-mail: ykelley@northwaybank.com

FDIC Fraud Alerts 1-16-09

Fedwire Phishing Scheme

Fraudulent e-mails claiming to be from the Federal Reserve Bank that warn of a phishing attack on the Fedwire system are reportedly in circulation.

The Federal Deposit Insurance Corporation (FDIC) is warning consumers, businesses and financial institutions to be aware of fraudulent e-mails allegedly from the Federal Reserve Bank. The fraudulent e-mails claim that a phishing attack has affected the Fedwire system and that restrictions are in place. The e-mails further instruct recipients to click on links within the e-mail for additional information.

The fraudulent e-mails have included various spoofed names and addresses in the "From:" line of the messages, including "Bank System Administration," "System Administration," and "Federal Reserve Bank." The e-mails contain the following message verbatim:
__________

"FEDERAL RESERVE BANK

Important:

You're getting this letter in connection with new directives issued by U.S. Treasury Department. The directives concern U.S. Federal Wire online payments.

On On January 1, 2009 a large-scaled phishing attack started and has been still lasting. A great number of banks and credit unions is affected by this attack and quantity of illegal wire transfers has reached an extremely high level.

U.S. Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) in common worked out a complex of immediate actions for the highest possible reduction of fraudulent operations. We regret to inform you that definite restrictions will be applied to all Federal Wire transfers from January 6 till January 16.

Here you can get more detailed information regarding the affected banks and U.S. Treasury Department restrictions:"
__________

This message contains links to two Web pages that attempt to load malicious Trojan horse programs onto end users' computers.

Consumers, businesses and financial institutions should be aware that Fedwire operations are not restricted and are operating as normal, and should take the following precautions:

● If an end user received the e-mail and clicked on any of the links, fully scan the computer using updated anti-virus software. If malicious code is detected on the computer, consult with a computer security or anti-virus specialist to remove the malicious code or re-install a clean image of the computer system.

● Be aware that phishing e-mails frequently have links to Web pages that host malicious code and software. Do not follow Web links in unsolicited e-mails from apparent federal banking agencies. Instead, bookmark or type the agency's Web address.

● Always use anti-virus software and ensure that the virus signatures are automatically updated. Ensure that the computer operating systems and common software applications security patches are installed.

● Do not open unsolicited or unexpected e-mail attachments because of the risk of malicious code or software in the attachments. Instead, call the agency using a known and appropriate telephone number to verify the legitimacy of the message and attached file.
● Be alert to different variations of the fraudulent e-mails.
__________

Fraudulent Checks

The FDIC has issued an alert on circulation of fraudulent checks bearing the name of the following institution (with routing numbers):

Counterfeit Checks

The First State Bank, Stockbridge, Georgia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit checks bearing the institution's name are in circulation.

There are two different versions of counterfeit items:

1. The first version displays a security feature statement embedded in the top and bottom borders and a padlock icon in the right border. The routing number 061101171, which is assigned to The First State Bank, is also displayed.

2. The second version of counterfeit items shows a security feature statement embedded in a darkened top border and along the bottom border between two padlock icons. A logo is shown in the center of the item. The routing number 044015543, which is assigned to The Huntington National Bank, Columbus, Ohio, is also displayed.

Authentic official checks display a security statement just below the top border and the routing number 044015543, which is assigned to The Huntington National Bank, Columbus, Ohio. The bank issues its official checks through a Moneygram Payment Systems, Inc. account at The Huntington National Bank.

Copies of the counterfeit items and an authentic check (VOID) are attached for your review. Be aware that the appearance of counterfeit items can be modified and that additional variations may be presented.

Any information you have concerning this matter should be brought to the attention of:
   Lee Ann McCullough
   Loss Prevention Officer
   The First State Bank
   P.O. Box 928
   Stockbridge, Georgia 30281
   Telephone: (770) 474-7293
   Fax: (770) 474-8053
   E-mail: fsbadmin1@firststateonline.com

FDIC Fraud Alerts 1-9-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
__________

Counterfeit Checks

Oceanside Bank, Jacksonville, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit checks bearing the institution's name are in circulation.

Some counterfeit items display the routing number 063105515, which is assigned to Lafayette State Bank, Mayo, Florida, and some counterfeit items display the routing number 063114276, which is assigned to Oceanside Bank. The counterfeit items display a security feature statement embedded in the top border and the bank's name and address in the top-center area.

Authentic cashier's checks display the words "CASHIER'S CHECK" vertically along the left side and the bank's name, address and telephone number in the top-left corner. "VOID AFTER 90 DAYS," "PAYABLE THROUGH BB&T, CHARLESTON, WV," and "REMITTER:" are shown below the bank's name, address, and telephone number.

Any information you have concerning this matter should be brought to the attention of:
   Ann Van Voorst
   Senior Vice President
   Oceanside Bank
   13799 Beach Boulevard
   Suite 100
   Jacksonville, Florida 32224
   Telephone: (904) 247-9494
   Fax: (904) 247-4672
   E-mail: avanvoorst@oceansidebank.com
__________

Counterfeit Cashier's Checks

Ossian State Bank, Ossian, Indiana, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 074910087, which is assigned to Ossian State Bank. The items also display a security feature statement embedded in the top border and along the bottom border between two padlocks. The word "REMITTER" appears in the lower-left side and a toll-free telephone number is displayed in the bottom-left corner.

Authentic checks display a security statement within the top border. The bank's name, address and toll-free telephone number appear in the upper-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Carol Forst
   Compliance & BSA Director
   Ossian State Bank
   P.O. Box 325
   Ossian, Indiana 45777
   Telephone: (260) 622-4141, extension 36
   Fax: (260) 622-6142
   E-mail: cforst@ossianstatebank.com
__________

Counterfeit Checks

First Federal Savings and Loan Association of Charleston, Charleston, South Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 253271945, which is assigned to First Federal Savings and Loan Association of Charleston. The counterfeit items are similar to authentic official checks; however, they display the address "P.O. Box 113058" in the top center and a vertical security feature statement along the right side.

Authentic checks display the address "P.O. Box 118068" in the top center. A security feature statement is displayed above the bank's name, city and state in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Robert C. Bailey
   Senior Vice President
   First Federal Savings and Loan Association of Charleston
   2440 Mall Drive
   Charleston, South Carolina 29406
   Telephone: (843) 529-5800
   Fax: (843) 529-5449
   E-mail: rbailey@firstfederal.com
__________

Counterfeit Cashier's Checks

First County Bank, New Baden, Illinois, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 081914856, which is assigned to First County Bank. The counterfeit items are similar to authentic cashier's checks; however, they are printed on blue, green and brown check stock and display a security feature statement along the bottom border between two padlock icons.

Authentic cashier's checks are printed on grey check stock.

Any information you have concerning this matter should be brought to the attention of:
   Darlene Larsen
   Bank Secrecy Act Officer
   First County Bank
   14-22 East Hanover
   New Baden, Illinois 62265
   Telephone: (618) 346-9000
   Fax: (618) 346-9051
   E-mail: dlarsen@fcbbanks.com
__________

Counterfeit Cashier's Checks

Greer State Bank, Greer, South Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.
The counterfeit items display the routing number 053202062, which is assigned to Greer State Bank. They also display a security feature statement along the bottom border between two padlock icons. A toll-free telephone number, which is not associated with the bank, is displayed in the lower-left corner.

Authentic cashier's checks display the bank's address to the right of the logo in the top-left corner and "VOID OVER $ 1.00" in the bottom center.

Any information you have concerning this matter should be brought to the attention of:
   Rick Danner
   Vice President of Security
   Greer State Bank
   P.O. Box 1029
   Greer, South Carolina 29652
   Telephone: (864) 848-5140
   Fax: (864) 968-1437
   E-mail: rdanner@greenstatebank.com
__________

Counterfeit Cashier's Checks

First Independent Bank of Nevada, Reno, Nevada, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 121202062, which is assigned to First Independent Bank of Nevada. The items also display the words "Cashiers Check" inside a rectangular box embedded in the top border. The top and side borders have an ornate design.

Authentic cashier's checks display vertical security statements and padlock icons along the left and right sides.

Any information you have concerning this matter should be brought to the attention of:
   Dana Paull
   Assistant Vice President and Compliance and BSA/AML Officer
   First Independent Bank of Nevada
   P.O. Box 11100
   Reno, Nevada 89511
   Telephone: (775) 824-4248
   Fax: (775) 824-4255
   E-mail: dpaull@firstindependentnv.com
__________

Counterfeit Cashier's Checks

Welcome State Bank, Welcome, Minnesota, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 091210993, which is assigned to Welcome State Bank. The items also display security feature statements embedded in the top border and along the bottom border between two padlock icons. The word's "CASHIER'S CHECK" are shown in the top-left corner and a toll-free telephone number is shown below the bank's name and address in the top-center area.

Authentic cashier's checks display a designed border on all four sides and a security statement below the written dollar amount line. A padlock icon is shown on the right side of the dollar amount line and the words "CASHIER'S CHECK" are shown in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Mark A. Stoffel
   Vice President
   Welcome State Bank
   111 Guide Street, North
   P.O. Box 238
   Welcome, Minnesota 56181
   Telephone: (507) 728-8251
   Fax: (507) 728-8819
   E-mail: stoffel@welcomestatebank.com

Alternate Contact:
   Jon Saxen
   President
   Welcome State Bank
   111 Guide Street, North
   P.O. Box 238
   Welcome, Minnesota 56181
   Telephone: (507) 728-8251
   Fax: (507) 728-8819
   E-mail: jsaxen@welcomestatebank.com

FDIC Fraud Alerts 1-6-09

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Official Checks

Bank of Bolivar, Bolivar, Missouri, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 096016765, which is assigned to U.S. Bank, Saint Paul, Minnesota. Bank of Bolivar issues authentic official checks through a Moneygram Payment Systems, Inc., account held at U.S. Bank.

There are two versions of counterfeit items. The first version displays a security feature statement embedded in a darkened top border. The second version displays security feature statements embedded in darkened top and bottom borders.

Authentic official checks have ornate borders on all sides and display a security statement just beneath the top border.

Any information you have concerning this matter should be brought to the attention of:
Barbara Hensley
Senior Vice President and Cashier
Bank of Bolivar
495 South Springfield Avenue
P.O. Box 560
Bolivar, Missouri 65613
Telephone: (417) 777-6500
Fax: (417) 777-5649
_______________________________________

Counterfeit Cashier's Checks

Bank of Dickson, Dickson, Tennessee, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 064108236, which is assigned to Bank of Dickson. The items also display a security feature statement embedded in the top border and along the bottom border between two padlocks. A logo not associated with the bank and the bank name appear in the top-left corner.

Authentic cashier's checks display the bank's name and address in the upper-left corner. The words "CASHIER'S CHECK" appears in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
Brenda Legg
Senior Vice President
Bank of Dickson
466 Highway 46
Dickson, Tennessee 37055
Telephone: (615) 446-3732
E-mail: blegg@bankofdickson.com
_______________________________________

Counterfeit Official Checks

New York Community Bank, Islandia, New York, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 021412114, which is assigned to New York Community Bank. The checks include the added statement "and original document security screen on back with padlock device icon." The security statement is along the top border of the check.

Authentic official checks display a security feature statement embedded in the top border and along the bottom border between two padlocks. A toll-free telephone number is displayed in the lower-left corner. An oval, bordered with lettering, surrounds a skeleton key picture and is displayed in the bottom center.

Any information you have concerning this matter should be brought to the attention of:
Peter Lindner
Assistant Security Manager
Security Department
New York Community Bank
615 Merrick Avenue
Westbury, New York 11590
Telephone: (516) 683-4112
Fax: (516) 683-8099
E-mail: PLinder@mynycb.com
_______________________________________

Counterfeit Cashier's Checks

Springs Valley Bank & Trust Company, Jasper, Indiana, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The counterfeit items are reportedly associated with a sweepstakes scam.

The counterfeit items display the routing number 083909445, which is assigned to Springs Valley Bank & Trust Company. The items are similar to authentic cashier's checks; however, the counterfeit items display the words "CASHIER'S CHECK" in a rectangular-shaped frame in the top center.

Authentic cashier's checks display ornate borders on all four sides and a security statement and padlock icon on the right side. The checks also display lines for "REMITTER," "DATE" and "PAY TO THE ORDER OF."

Any information you have concerning this matter should be brought to the attention of:
Craig Buse
Assistant Vice President, IT Manager
1500 Main Street
Jasper, Indiana 47546
Telephone: (812) 634-4926
Fax: (812) 634-4833
E-mail: cbuse@svbt.com

Deborah L. Wilson
Vice President, Information Security Officer
Springs Valley Bank & Trust Company
1500 Main Street
Jasper, Indiana 47546
Telephone: (812) 634-4921
Fax: (812) 634-4833
E-mail: dwilson@svbt.com
_______________________________________

Counterfeit Treasurer's Checks

The Bancorp Bank, Wilmington, Delaware, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 031101114, which is assigned to The Bancorp Bank. The items also display the words "TREASURER'S CHECK" in the top-left corner and a security feature statement along the bottom border between two padlock icons.

Authentic treasurer's checks display a vertical security statement and padlock icon in the right border.

Any information you have concerning this matter should be brought to the attention of:
Michele Klesius
Vice President and Compliance Officer
The Bancorp Bank
409 Silverside Road, Suite 100
Wilmington, Delaware 19809
Telephone: (302) 385-5085
Fax: (302) 385-5124
E-mail: mklesius@thebancorp.com
_______________________________________

Counterfeit Cashier's Checks

Century Bank of Kentucky, Inc., Lawrenceburg, Kentucky, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 083908310, which is assigned to Century Bank of Kentucky, Inc. The items also display security feature statements embedded in the top border and along the bottom between two padlock icons. Two signature lines are displayed in the lower-right corner.

Authentic cashier's checks display a security statement within the top border and a padlock icon to the right side of one signature line in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
Christine Riggle
Assistant Vice President and Security Officer
Century Bank of Kentucky, Inc.
201 West Woodford Street
Lawrenceburg, Kentucky 40342
Telephone: (502) 859-5111, extension 225
Fax: (502) 859-5177
E-mail: christine.riggle@centurybankky.com
_______________________________________

Counterfeit Cashier's Checks

Advantage Bank, Cambridge, Ohio, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 044172282, which is assigned to Advantage Bank. The items are labeled as "CASHIER'S CHECKS" and display the bank's name and address in the top-left corner. They have security feature statements embedded in the top border and along the bottom between two padlocks. The date, check number and amount appear in the top right.

Authentic checks display the routing number 044015543, which is assigned to Huntington National Bank, Columbus, Ohio. Advantage Bank issues its checks through Moneygram Payment Systems, Inc., Minneapolis, Minnesota, using a payable-through account at Huntington National Bank. Authentic checks display the bank's logo in the top center and include a security statement just below the top border.

Any information you have concerning this matter should be brought to the attention of:
Jim Miller
Director of Security
Advantage Bank
P.O. Box 700
814 Wheeling Avenue
Cambridge, Ohio 43725
Telephone: (740) 435-1368
E-mail: jmiller@advantagebank.com
_______________________________________

Counterfeit Cashier's Checks

Hanmi Bank, Los Angeles, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the name Pacific Union Bank are in circulation.

The counterfeit items display the routing number 122234482, which is assigned to Hanmi Bank. Hanmi Bank acquired Pacific Union Bank four years ago. The counterfeit items display a security feature statement embedded in a darkened top border and the name and address for Pacific Union Bank in the top-left corner. The words "CASHIER'S CHECK" appear in the lower-left corner.

Hanmi Bank no longer issues checks drawn against Pacific Bank. Hanmi Bank's cashier's checks display the routing number 122039399. Authentic checks are pink and have darkened top and bottom borders. The bank's logo, name, address and a toll-free phone number appear in the upper-left corner. A notice to purchasers is displayed in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
Nancy U. Chong Lee
First Vice President and Operations Manager
Hanmi Bank
3660 Wilshire Boulevard, PH-A
Los Angeles, California 90010
Telephone: (213) 427-4274
Fax: (213) 351-5966
E-mail: nancyc@hanmi.com
_______________________________________

Counterfeit Official Checks

Missouri Bank and Trust Company of Kansas City, Kansas City, Missouri, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101000158, which is assigned to Missouri Bank. The items also display a security feature statement in the top border and a padlock icon in the lower-right corner. The words "OFFICIAL CHECK" appear in the top-right corner.

Missouri Bank does not issue official checks; however, it does issue cashier's checks. Authentic checks are labeled as "CASHIER'S CHECK" in the lower-left corner and display a notice to customers below the written amount line. The bank's name, location and toll-free telephone number appear in the top-center area.

Any information you have concerning this matter should be brought to the attention of:
Sabrina Lauck
Compliance and BSA Officer
Missouri Bank and Trust Company of Kansas City
1044 Main Street
Kansas City, Missouri 64105
Telephone: (816) 881-8239
E-mail: sabrinal@mobank.com
_______________________________________

Counterfeit Official Checks

Marion Bank & Trust Company, Marion, Alabama, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 062201630, which is assigned to Marion Bank & Trust Company. The items also display the words "OFFICIAL CHECK," and the bank's name, city, state and ZIP code appear in the top-center area. Security feature statements are embedded in the top and bottom borders.

Marion Bank & Trust Company does not issue official checks; however, it does issue money orders. Authentic checks are issued as "BANK MONEY ORDERS" and display designed borders on all sides. The bank's name, city, state and ZIP code appear in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
Will Stewart
Vice President and Cashier
Marion Bank & Trust Company
601 South Washington Street
Marion, Alabama 36756
Telephone: (334) 683-6131
E-mail: wstewart@marion-bank.com
_______________________________________

Counterfeit Cashier's Checks

The Lyndon State Bank, Lyndon, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101104407, which is assigned to The Lyndon State Bank. The items also display security features embedded in a darkened top border and along the bottom border between two padlock icons. The bank's name appears in the top-left corner, and the words "CASHIER'S CHECK" appear in the top center.

The Lyndon State Bank does not issue cashier's checks; however, it does issue money orders. Authentic checks display the words "BANK MONEY ORDER" inside a box embedded in the top border. The bank's name is shown below the box. A floral design is displayed on the left side.

Any information you have concerning this matter should be brought to the attention of:
Kathy Zabel
Cashier and Human Resource Director
The Lyndon State Bank
817 Topeka Avenue
Lyndon, Kansas 66451
Telephone: (785) 828-4411
Fax: (785) 828-4808
E-mail: kzabel@lyndonstatebank.com

_______________________________________

FDIC Fraud Alerts 12-15-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
__________

Counterfeit Money Orders

Liberty Bank, Middletown, Connecticut, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit money orders bearing the institution's name are in circulation.

The counterfeit items display the routing number 211170282, which is assigned to Liberty Bank. The items are similar to authentic money orders; however, the counterfeit items display preprinted lines for the "DATE" and "PAY TO THE ORDER OF" fields.

Authentic money orders display an octagon-shaped icon above a padlock symbol and security statement in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
Gary E. Mackiewicz
Security Officer and Assistant Vice President
Liberty Bank
315 Main Street
Middletown, Connecticut 06457
Telephone: (860) 638-2902
Fax: (860) 343-7429
E-mail: gmackiewicz@liberty-bank.com
__________

Counterfeit Cashier's Checks

Bank of Gower, Gower, Missouri, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101215451, which is assigned to Bank of Gower. A security feature statement is embedded in a darkened top border and along the bottom between two padlocks. The items display the bank's logo and name in the top-left corner and have one signature line.

Authentic cashier's checks display the bank's logo and name in the top-center area. The statement "TWO SIGNATURES REQUIRED OVER $2000.00" is shown above two signature lines. A padlock icon and vertical security statement are shown in the right border.

Any information you have concerning this matter should be brought to the attention of:
Betty Hensley
Vice President
Bank of Gower
P.O. Box 197
Gower, Missouri 64454
Telephone: (816) 424-6476
Fax: (816) 424-6645
E-mail: bettyh@bankofgower.com
__________

Counterfeit Cashier's Checks

The Farmers State Bank of Blue Mound, Blue Mound, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101111490, which is assigned to The Farmers State Bank of Blue Mound. The counterfeit items are similar to authentic cashier's checks. However, authentic cashier's checks display the word "DATE" next to the date line and have a line below the word "REMITTER" in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:
Lonnie Sprague
Executive Vice President
Farmers State Bank
517 South Oak
Garnett, Kansas 66039
Telephone: (785) 448-5451
Fax: (785) 448-5453
E-mail: fsbgar@embarqmail.com
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Counterfeit Cashier's Checks

Carter Bank & Trust, Martinsville, Virginia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the name Patriot Bank are in circulation. Patriot Bank was consolidated into Carter Bank & Trust in December 2006. Carter Bank & Trust still honors Patriot Bank's cashier's checks.

The counterfeit items display the routing number 051402932, which is assigned to Carter Bank & Trust. The items are similar to authentic cashier's checks; however, the counterfeit items display a black border on all sides and "VOID AFTER 365 DAYS" above the signature line.

Authentic cashier's checks display "VOID AFTER 365 DAYS" centered below the written dollar amount line and "OFFICER'S SIGNATURE" below the signature line.

Any information you have concerning this matter should be brought to the attention of:
Jane Ann Davis
Chief Financial Officer
Carter Bank & Trust
1300 Kings Mountain Road
Martinsville, Virginia 24112
Telephone: (276) 656-1776
Fax: (276) 656-6765
E-mail: jane.davis@bsvacorp.com

Summary of Key Provisions of the Economic Stabilization Bill

A Summary of Key Provisions of the Economic Stabilization Bill
Dan Mica, President, CUNA

We have just learned that the President has signed into law the new Emergency Economic Stabilization legislation passed by the House today, following the Senate’s adoption Wednesday. It is over 450 pages long and contains many provisions that do not impact credit unions directly. We are still reviewing the details of the legislation but wanted to provide this initial summary.

CUNA worked very diligently as the legislation developed to ensure that credit unions’ interests were protected to the fullest extent possible, given the circumstances. Of interest to credit unions, the legislation includes:

● A temporary increase in federal share insurance coverage to the same extent permitted for FDIC insured banks;

● Eligibility to sell assets under the troubled assets purchase program, if needed;

● Suspension of the mark-to-market accounting rules and a study on these standards;

● An immediate effective date for the payment of interest by the Federal Reserve on institutions’ reserves posted on transaction accounts under Regulation D; and

● Several studies that we will need to monitor.

It is also important to note that the bill does not include provisions for modifications of mortgage loans under the bankruptcy process (although there are provisions for mortgage loan modifications for assets purchased by the Treasury).

This summary highlights those provisions that have significance for credit unions and includes guidance, which we have discussed with the National Credit Union Administration, on what credit unions need to do with insurance signs and related issues in light of the temporary increase in the share and deposit insurance coverage. Following that, we also summarize other key provisions in the legislation for your general information. If you have questions about this information, you may contact Eric Richard, Ryan Donovan, or Mary Dunn at (202) 638-5777.
__________

Insurance Coverage

● The new law raises the maximum insurance coverage for federally insured shares and deposits at credit unions and banks from $100,000 to $250,000 (the current $250,000 limit on Individual Retirement Accounts and other certain retirement accounts is not impacted by the new law).

● The provisions were added as a means to reinforce to consumers the safety of bank and credit union accounts in light of the financial crisis. It was also added in recognition of the Treasury’s guarantee program for money market mutual funds held by uninsured financial companies.

● The increase in the coverage amount is effective upon enactment through December 31, 2009. (House Financial Services Committee Chairman Barney Frank (D-MA) has indicated he will hold hearings on this issue early next year and it may be very difficult for Congress to roll back the coverage level to $100,000.

● The law precludes an insurance premium from credit unions or an adjustment to their 1% deposit to fund the additional coverage. This means that funding for the coverage will come from the National Credit Union Share Insurance Fund’s operating funds or reserves.

● Also, if necessary, while the additional temporary coverage is in effect, NCUA may increase its borrowing from the U.S. Treasury to fund the coverage.
__________

What Do Federally Insured Credit Unions Need to be Doing in Light of the Coverage Increase?

● Now that the President has signed the new legislation, credit unions will certainly want to let their members know that their funds are insured up to $250,000.

● NCUA plans to send information to credit unions on this issue shortly. In light of the legal requirement that credit unions must ensure that statements and advertising about federal insurance are accurate, CUNA is working closely with NCUA for federally insured credit unions to have flexibility in dealing with advertising of the increased insurance coverage.

● It is anticipated that NCUA will shortly have downloadable signs and language available on its website, www.ncua.gov, that federally insured credit unions may use to reflect the new level.

● NCUA will also be coordinating with the Federal Deposit Insurance Corporation and may be providing stickers and/or new signs to federally insured credit unions.

● NCUA has also modified its insurance rules to parallel the changes that the FDIC announced last week for revocable trust accounts, often referred to as payable on death or living trust accounts. NCUA and FDIC are coordinating on how this change is affected by the new law.

Here is the link to the change:
http://www.ncua.gov/RegulationsOpinionsLaws/RecentFinalRegs/finalregs.html
__________

Mark-to-Market

● If the Securities and Exchange Commission determines it is in the public’s interest and to protect investors, it may suspend the application of Statement of Financial Accounting Standards No. 157 ("FAS 157"). These are the standards that have forced institutions to mark mortgage backed securities and related investments to their current value in an unstable market.

● While the SEC does not supervise credit unions, it does oversee the Financial Accounting Standards Board, which determines Generally Accepted Accounting Principles, GAAP that credit unions are required to follow.

● CUNA has talked with NCUA about this and will be coordinating with them on the application to credit unions of any suspension of the standards.

● The SEC would also be required, in consultation with the Federal Reserve and the Treasury, to conduct a study on mark-to-market accounting standards, including FAS 157’s effects on financial institutions and bank failures.
__________

Troubled Assets Relief Program

● Any credit union that is contemplating selling eligible assets through this program is strongly encouraged to work with its league, other credit unions, others in the credit union system and NCUA to address its issues, including any liquidity needs.

● For purposes of information, here are the key provisions regarding the program. The Treasury Secretary is authorized to spend $700 billion to purchase troubled assets. The Secretary may use $250 billion immediately and may use up to $350 billion if the President submits a written certification to Congress. In order to use the full amount, the President must submit a report to Congress detailing the plan to use the funds, and Congress has the authority to disapprove the plan.

● Credit unions are included in the definition of “financial institutions” that are eligible to sell troubled assets to the U.S. Treasury under the new Troubled Assets Relief Program.

● Troubled assets include residential or commercial mortgages and other instruments “based on or related to” mortgages that have been originated or issued on or before March 14, 2008. The Secretary may also purchase “any other instrument” necessary to promote financial stability.

● Treasury must coordinate with the Federal Reserve Board, the Federal Reserve Bank of New York, the FDIC, and the Comptroller of the Currency, the Office of Thrift Supervision, the Department of Housing and Urban Development and NCUA, in implementing the program.

● Private institutions may be used as agents for the program.

● Treasury’s implementation of these provisions is subject to review in court.

● Authority for the program ends 12/31/09, unless the Treasury certifies to Congress the need to extend it for another year.

● Institutions must provide warrants or debt instruments to Treasury that will help protect taxpayers against losses that may result from the program.

● When the TARP is established, the Treasury must also establish a program to guarantee troubled assets originated or issued prior to March 14, 2008. Under this program, the Treasury must collect premiums for the guarantees from participating financial institutions sufficient to cover anticipated claims, and can vary the rates for the premiums based on credit risk.

● The premiums paid will go into a Troubled Assets Insurance Fund, which will consist of the premiums paid by participating institutions, and will be used to fulfill the obligations or guarantees provided to financial institutions.

● In five years, the President is required to submit to Congress a legislative proposal that recoups from the financial industry any projected losses to taxpayers.
__________

Foreclosure Mitigation

● Treasury is required to implement a plan to maximize homeowner assistance and to encourage servicers of the underlying mortgages purchased through TARP to take advantage of the HOPE for Homeowners Program.

● Treasury may use loan guarantees and credit enhancements to facilitate loan modifications to prevent avoidable foreclosures.

● Treasury may consent to reasonable loan modification requests arising under existing investment contracts.

● The government is also directed to minimize foreclosures on properties underlying the mortgages and mortgage-backed securities the government purchases.
__________

Payment of Interest on Federal Reserve Deposits

● The Monetary Control Act requires financial institutions, including covered credit unions, to post reserves on certain transaction accounts, under Regulation D. Under the Financial Services Regulatory Relief Act of 2006, the Federal Reserve is authorized to pay interest on these reserves beginning in 2011. The legislation allows the payment of interest to begin this month.
__________

Reports

● Special Report on Regulatory Reform – the Oversight Panel (comprised of individuals appointed by Congress) must submit a report to Congress on regulatory reform no later than January 20, 2009, analyzing the current state of the regulatory system and its effectiveness at overseeing the participants in the financial system. CUNA will be weighing in on this report and on the one due in April mentioned below.

● Treasury must provide monthly reports to Congress on the troubled assets program, including expenditures and obligations.

● Treasury must also report to Congress on every $50 billion of assets purchased.

● By April 30, 2009, Treasury must provide a written Regulatory Modernization Report to Congress analyzing the current state of the market, evaluating the effectiveness of the regulatory system, and providing recommendations.
__________

Executive Compensation

● If Treasury makes direct purchases of troubled assets from a financial institution and receives an equity or debt position in the institution, the Secretary will set executive compensation and corporate governance standards for the institution. The standards will only apply while the Secretary holds a debt or equity position in the institution.

● A “senior executive officer" is an individual who is one of the top 5 highly paid executives of a public company, whose compensation is required to be disclosed pursuant to the Securities Exchange Act of 1934, and non-public company counterparts.

● If Treasury purchases an institution’s troubled assets through an auction and those purchases exceed $300 million (including direct purchases), any new contract with a senior executive officer that provides a golden parachute in the event of involuntary termination, bankruptcy filing, insolvency, or receivership is prohibited for the duration of the temporary assets program.
__________

Summary of Other Provisions in the Legislation

● Requires any federal financial regulatory agency to cooperate with the FBI or other law enforcement agencies investigating fraud, misrepresentation and malfeasance with respect to development, advertising, and sale of financial products.

● Changes the tax treatment by financial institutions of gains and losses on the preferred stock of Freddie Mac and Fannie Mae.

● The annual tax deduction for corporate executive compensation is limited to $500,000 for compensation paid to the CEO, CFO or one of the other three highest compensated officers or employees from whom one or more troubled assets are acquired under the Act if the aggregate amount of such assets exceeds $300 million.

● The current tax treatment of the cancellation of mortgage debt for qualified principal residences is extended until January 1, 2013.

● The misuse of the FDIC logo, symbols or name to falsely advertise or misrepresent that deposits or shares are insured is prohibited. (CUNA discussed this provision with NCUA which feels the misuse of NCUA’s logo, etc. is already sufficiently covered in other statutes.)

Moran-Nixon Chapter

Moran-Nixon Chapter Financial Reality Fair Committee Meeting

Thursday, January 29, 2009

In Attendance:
● Andrew Klimkoski, Achieve Financial Credit Union
● Barbara Bass, Credit Union League of CT
● Siobhan Shea, Torrington Municipal and Teachers Federal Credit Union
● Rene Fjeldal, Meriden Schools Federal Credit Union
● Libby D’Orso, Waterbury CT Teachers Federal Credit Union
● Brandi Carey, First Bristol Federal Credit Union
● Viviana Villanueva, Newington VA Credit Union
● Christina Dufour, Achieve Financial Credit Union
● Lisa Calabro, Achieve Financial Credit Union
● Mary Budnick, Achieve Financial Credit Union

The meeting agenda was reviewed. The results of the pre-packet survey were reviewed and the starting time for each school was scheduled. Seven schools and 239 students have committed to attending the Fair. The survey from Bristol Central High School has not yet been returned.

The schedule for the Fair will be:
● 15 minutes for registration
● 2 hours for students to complete the Fair
● 5 minutes for students to complete a survey
● 5 minutes for students to pick up their gift packet

Registration will include checking the students’ names off on the list, handing out the padfolios with name stickers, and handing out a bag with refreshments. Three tables will be used for sections of the alphabet.

Lisa Calabro will send each teacher a “cover” email early next week with the following attachments:
1. Photo release/permission form (Barbara will edit)
2. Participant data worksheet (to be returned no later than 2/25)
3. Schedule including their assigned starting time
4. One page of instructions and suggestions for completing the career research and choice. (Barbara will create.)

The Vendor /Sponsor Solicitation letter was reviewed and edited. The edited letter will be emailed to all committee members for their personalization and use later today.

Vendor solicitations assignments were made and the spreadsheet will be updated with the assignments.

Keith Wiemert was selected to coordinate the arrangement of vendor booths, the traffic flow plan, and the booth signage based upon his experience with other Fairs.

Committee members will contact the teachers they invited and ask them to forward an invitation we will develop to people who should receive special invitations, such as principals, superintendents, guidance counselors, and other teachers. RSVP will be to Lisa Calabro.

Teachers will be sent samples of student materials and parking directions when we are closer to the date of the Fair.

Committee members will forward contacts at their local newspapers to Mary Budnick for press releases.

Andrew Klimkoski asked the group to consider phone conferencing for weekly check-ins between committee meetings. This will be discussed at the next meeting.

Barbara Bass reported that wooden roses are being sold in credit unions for Valentine’s Day, Easter, and Mother's Day to raise money for the Credit Union Solutions Foundation. Anyone interested should contact Barb. Barb also reported that the Credit Union Times has been in contact with the Hartford Chapter about their Fair and will also mention our Fair in an article. Barb has been able to obtain the lesson plans for the first season of Biz Kid$ and these are available for credit unions to utilize for classroom presentations.

The next meeting will be held on February 12, 2009 at 9:15 a.m. at Achieve Financial Credit Union in Berlin.

FDIC Fraud Alerts 9-5-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Cashier's Checks

The Edgartown National Bank, Edgartown, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011305684, which is assigned to The Edgartown National Bank. The items also display a security feature statement embedded in the top border and along the bottom between two padlock icons. The bank's logo appears in the upper-left corner. A toll-free telephone number, which is not associated with the bank, is displayed in the lower-left corner.

Authentic cashier's checks display the bank's logo, name and address in the top center. The word "REMITTER" appears in the top-left corner. A padlock icon and security statement are displayed at the end of the written amount line and the word "CASHIER'S CHECK" appears below the written amount line on the lower-left side.

Any information you have concerning this matter should be brought to the attention of:
   Greg Berks
   Vice President and Chief Operations Officer
   The Edgartown National Bank
P.O. Box 96
   2 South Water Street
   Edgartown, Massachusetts 02539
   Telephone: (508) 627-1126
   Fax: (508) 627-1155
   E-mail: gberks@yourislandbank.com
_______________________________________

Counterfeit Cashier's Checks

Lake City Bank, Warsaw, Indiana, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 096016765, which is assigned to U.S. Bank, St. Paul, Minnesota. Lake City Bank issues cashier's checks through Moneygram Payment Systems, Inc., Minneapolis, Minnesota, using a payable-through account at U.S. Bank. The items are similar to authentic cashier's checks; however, the counterfeit items display "Pay to the Order of" on one line, rather than on two lines. The written dollar amount is shown inside of a box above the signature line.

Authentic cashier's checks display a "REMITTER" line just above the payee. The FDIC logo is displayed at the bottom center and "PAYABLE THROUGH BANK IS U. S. BANK ST. PAUL, MN" is located in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Eric Shrock
   Assistant Vice President for Bank Secrecy Act and Loss Prevention
   Lake City Bank
   113 East Market Street
   Warsaw, Indiana 46581- 1387
   Telephone: (574) 267-9198, extension 6303 or (877)-718-9198, extension 6303
   E-mail: eric.shrock@lakecitybank.com
______________________________________________

Counterfeit Official Checks

Provident Community Bank, National Association, Rock Hill, South Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011007092, which is assigned to Boston Safe Deposit & Trust Company, Boston, Massachusetts. Provident Community Bank, National Association, issues official checks through Moneygram Payment Systems, Inc., Minneapolis, Minnesota, payable through an account at Boston Safe Deposit & Trust Company.

The counterfeit items are almost identical to authentic official checks; however, they display a security feature statement embedded in the top border and along the bottom border between two padlocks.

Authentic official checks display a vertical security statement and padlock icon in the right border. Also, the bank's telephone number is displayed below its name and address in the top-center area.

Any information you have concerning this matter should be brought to the attention of:
   Hollie R. Mitchell
   Banking Center Operations Manager
   Provident Community Bank
   203 West Main Street
   Union, South Carolina 29379
   Telephone: (864) 429-1851
   Fax: (864) 429-1866
   E-mail: hmitchell@providentonline.com
_______________________________________

Counterfeit Official Checks

Dairy State Bank, Rice Lake, Wisconsin, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 091811004, which is assigned to Dairy State Bank. The words "OFFICIAL CHECK" appear in the top center and a security feature statement is embedded in the top and bottom borders.

Dairy State Bank does not issue official checks; however, it does issue cashier's checks. Authentic cashier's checks display the words "CASHIER'S CHECK" in the lower-left corner and a "NOTICE" in the top-left corner. A "MEMO" line is just below the bank's address in the top center. Two signature lines are displayed.

Any information you have concerning this matter should be brought to the attention of:
   David Bridges
   Vice President and Security Officer
   Dairy State Bank
   16 South Main Street
   Rice Lake, Wisconsin 54868
   Telephone: (715) 234-9181
   Fax: (715) 236-3704
   E-mail: dbridges@dairystatebank.com

Alternate Contact:
   Kelley Draeger
   Assistant Vice President
   Dairy State Bank
   16 South Main Street
   Rice Lake, Wisconsin 54868
   Telephone: (715) 234-9181
   Fax: (715) 236-3704
   E-mail: kdraeger@dairystatebank.com
_______________________________________

Counterfeit Cashier's Checks

Fidelity Bank, Wichita, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 301171353, which is assigned to Fidelity Bank. The items are similar to some of the bank's authentic cashier's checks; however, the counterfeit items show a telephone number beginning with area code "(406)" after the zip code and have only one signature line.

Authentic checks from Fidelity Bank are issued in two forms. The first check displays a "NOTICE TO CUSTOMERS" above two signature lines. The bank's local telephone number, which begins with area code "(316)," is shown on a line below the bank's address. The second authentic check displays the bank name as "Oklahoma Fidelity Bank" and also has a "NOTICE TO CUSTOMERS" above two signature lines. The bank's local telephone number, which begins with area code "(316)," is shown on a line below the bank's address.

Any information you have concerning this matter should be brought to the attention of:
   Beverly Dixon
   Vice President
   Loss Prevention & Security Manager
   Fidelity Bank
   100 East English Street
   Wichita, Kansas 67202
   Telephone: (800) 658-1637, extension 7215
   Fax: (316) 268-7324
   E-mail: bdixon@fidelitybank.com
_______________________________________

Counterfeit Cashier's Checks

Milledgeville State Bank, Milledgeville, Illinois, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 071121620, which is assigned to Milledgeville State Bank. "CASHIER'S CHECK" and a notice to customers are displayed in the top center. A security feature statement is embedded in the top border and along the bottom between two padlock icons. The bank's name, city, state and a toll-free telephone number, which is not associated with the bank, are shown in the bottom-left corner.

Milledgeville State Bank does not issue cashier's checks. It does, however, issue money orders. Authentic money orders display the bank's logo in the top center and the words "MONEY ORDER" appear vertically on the left side. The bank's name, address and telephone number are shown in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:
Jerry Carter
Vice President and Cashier
Milledgeville State Bank
P.O. Box 789
451 North Main Avenue
Milledgeville, Illinois 61051
Telephone: (815) 225-7171
Fax: (815) 225-7173
E-mail: jerry@milledgevillebank.com

Alternate Contact:
   Scott Foltz
Operations Officer
   Milledgeville State Bank
   P.O. Box 789
   451 North Main Avenue
   Milledgeville, Illinois 61051
   Telephone: (815) 225-7171
   Fax: (815) 225-7173
   E-mail: scottf@milledgevillebank.com
________________________________________

Counterfeit Cashier's Checks

Northstar Bank of Texas, Denton, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 111904817, which is assigned to Northstar Bank of Texas. The items also display ornate top and side borders with the words "CASHIER'S CHECK" centered inside a rectangle embedded in the top border. The wording "Non Negotiable For Amounts Over $ 5,000" appears above the signature line.

Authentic cashier's checks display security feature statements embedded in the top and bottom borders. The bank's logo appears in the top-left corner along with the name, address and telephone number. A "NOTICE TO CUSTOMERS" is shown in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Reida Bennett
   Senior Vice President and Cashier
   Northstar Bank of Texas
   400 North Carroll Boulevard
   Denton, Texas 76201
   Telephone: (940) 383-6218
   Fax: (940 591-7050
   E-mail: rbennett@nstarbank.com
_______________________________________

Counterfeit Cashier's Checks

The Morrill and Janes Bank and Trust Company, Merriam, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101101950, which is assigned to The Morrill and Janes Bank and Trust Company. The items are dissimilar to authentic cashier's checks and have one signature line. They display ornate top and side borders with the words "CASHIER'S CHECK" centered inside a rectangle embedded in the top border. The bank's name, logo, state charter designation and address appear in the top-left corner. The word "REMITTER" is in the lower-left corner.

Authentic cashier's checks display a vertical security statement and padlock icon in the right border. The words "CASHIER'S CHECK" appear in the lower-left corner and the word "REMITTER" is in the top-left corner. The bank's name, logo, state charter designation, address and telephone number are in the top center. The wording "TWO AUTHORIZED SIGNATURES REQUIRED OTHERWISE VOID" and two signature lines appear in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Pat Elam
   Fraud Analyst
   The Morrill and Janes Bank and Trust Company
   6740 Antioch Road, Suite 225
   Merriam, Kansas 66204
   Telephone: (913) 384-8185
   Fax: (913) 384-8259
   E-mail: PElam@mjbtrc.com
_______________________________________

Counterfeit Cashier's Checks

Grant County Bank, Medford, Oklahoma, has contacted the Federal Deposit Insurance Corporation

The counterfeit items display the routing number 103103765, which is assigned to Grant County Bank. The items also display a security statement just below the top border. The words "CASHIER'S CHECK" appear in the center area. The bank's name ("PIEDMONT BANK"), address and telephone number appear in top-left corner.

Authentic checks display a vertical security statement with a padlock icon in the right border. The bank's logo, name ("GRANT COUNTY BANK") and location appear in the top center. Lines are displayed for "REMITTER," "PAY TO THE ORDER OF," "DATE" and "DOLLARS."

Any information you have concerning this matter should be brought to the attention of:
   Jo Hula
   Proof Processing Department
   Grant County Bank
   120 South Main
   Medford, Oklahoma 73759
   Telephone: (580) 395-3335
   Fax: (580) 395-3338
   E-mail: qcb395@kskc.net

FDIC Fraud Alerts 8-27-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers).
_______________________________________

Counterfeit Cashier's Checks

Castroville State Bank, Castroville, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 114923439, which is assigned to Castroville State Bank, but are dissimilar to authentic cashier's checks. The counterfeit items display the words "CASHIER'S CHECK" in the top center and a security feature statement along the bottom border between two padlocks. The word "REMITTER" appears in the lower-left corner. The toll-free telephone number provided is not associated with the bank.

Authentic cashier's checks display the words "CASHIER'S CHECK" vertically on the left side. The bank's address is shown to the right of the bank's logo and name in the top-left portion of the check.

Any information you have concerning this matter should be brought to the attention of:
   Steven G. Hoog
   Senior Vice President and Comptroller
   Castroville State Bank
   502 Paris Street
   Castroville, Texas 78009
   Telephone: (830) 931-2201
   Fax: (830) 931-3118
   E-mail: skhoog@sbcglobal.net
_______________________________________

Counterfeit Cashier's Checks

First Texas Bank, Round Rock, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 251473088, which is not assigned to First Texas Bank. A security feature statement is embedded in the top border and the words "CASHIERS' CHECK" appear in the top center. The bank's logo, name and address are displayed in the lower-left corner.

Authentic checks display the routing number 114904746, which is assigned to First Texas Bank. A "NOTICE TO CUSTOMERS" is shown in the top-left corner and a security statement is displayed below the written dollar amount line. The words "Cashier's Check" appear in the lower-left side.

Any information you have concerning this matter should be brought to the attention of:
   Lisa Garza
   Assistant Cashier
   First Texas Bank
   P.O. Box 5
   Round Rock, Texas 78680
   Telephone: (512) 255-2501
   Fax: (512) 255-2349
   E-mail: lgarza@firsttexasbank.com

Alternate Contact:

   Corinne Hooker
   Vice President and Cashier
   First Texas Bank
   P.O. Box 5
   Round Rock, Texas 78680
   Telephone: (512) 255-2501
   Fax: (512) 255-2349
   E-mail: chooker@firsttexasbank.com
_______________________________________

Counterfeit Cashier's Checks

Garfield County Bank, Jordan, Montana, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 092105337, which is assigned to Garfield County Bank. Garfield County Bank does not issue cashier's checks; it issues bank money orders. The counterfeit items display a security feature statement embedded in the top border and along the bottom border between two padlocks. The bank's logo and name are shown in the top-left corner. The word "REMITTER" appears below the written dollar amount line. The bank's name, city, state and a toll-free telephone number, which is not associated with the bank, appear in the lower-left corner.

Authentic money orders display a "NOTICE TO MEMBERS" in the top-left corner. The words "BANK MONEY ORDER" appear inside of a rectangle in the top center. The bank's logo appears in the lower-left corner along with the address and telephone number.

Any information you have concerning this matter should be brought to the attention of:
   Rex Phipps
   Vice President and Security Officer
   Garfield County Bank
   P.O. Box 6
   Jordan, Montana 59337
   Telephone: (406) 557-2201
   Fax: (406) 557-2204
   E-mail: rex@garfieldcountybank.com

CUNA Membership Growth Series

This is the eighth installment of News Now's Membership Growth series of interviews with fast-growing-membership credit unions. The series is part of an initiative of the CUNA Membership Growth Task Force. The series focuses on fast "organic" membership growth, not growth by merger or indirect loans.

The task force, chaired by Dick Ensweiler, president of the Texas Credit Union League, was convened at the request of CUNA's Immediate Past Board Chair Allan Kemp McMorris. Its purpose is to investigate, report on, and encourage credit unions to embrace opportunities, techniques and processes that will increase credit unions' membership retention and growth.
________________________________________

North East Texas Credit Union Targets Segment Markets for Solid Growth

By using "very direct forms of marketing," striving to be the first in the area in technology, and designing programs that target specific groups, North East Texas Credit Union (NETCU), Lone Star, Texas, has realized solid membership growth, which it projects will continue.

The $83.5 million asset, Lone Star, Texas-based credit union experienced 5.7% membership growth from 2006 to 2007, and projects 8.2% growth this year. NETCU is a community credit union serving members who live or work in Morris, Marion and Upshur counties, and anyone who lives, works or attends school in Titus County.

By conducting direct visits with small groups, and participating in community events both formal and informal, NETCU has successfully reached out to members, Kay Stewart, president/CEO of the credit union, told News Now.

"We are located in a rural area, and we found that these very direct forms of marketing have better served us than print and broadcast advertising," Stewart explained. "We tried TV commercials, but the TV viewing area is so broad that the advertising went out of our area. And it was so expensive. It wasn't cost effective. The key for us is working in the community and community events," she added. "For example, it is raining today. So we are handing out free rainwear containing our credit union logo. We also hand out our rainwear at football games. Whatever fits with an event, we try to get involved somehow."

The credit union targets Hispanics, youth and small businesses, and "anyone else we can find," Stewart said.

For Hispanic members, NETCU uses financial literature and loan applications printed in Spanish, and an audio response system that allow members to choose English or Spanish when they call in for information or to check on accounts.

"We also have Hispanic employees at all our branches and a Hispanic loan officer," Stewart said.

Regarding the youth market, the credit union has always offered a youth savings account, but also started a program called "Dollar Dog," for kids up to 12 years old, in three schools. Now it is in seven. One NETCU employee dresses up in a Dollar Dog costume and goes into schools to tell students about NETCU's youth savings program.

Students in this age group can open a savings account with as little as $5 and can make deposits as small as 25 cents. They also can go the NETCU website and play games. Students initially receive program T-shirts, and the credit union goes to the schools once a month to take students' deposits and present students with little gifts for making the deposits.

From January to May of this year, 150 new youth members signed up, and their average account balance was $100, Stewart said.

Two new NETCU youth programs will start this fall. One is called Cha-Ching, which targets 13- to 17-year-olds. The program will feature a website for participants to download music, and will teach them how to open a checking account. As part of the program, credit union employees also will go to schools to teach financial literacy using materials from the National Endowment for Financial Education program.

NETCU also will introduce the Edge Account program in the fall for 18- to 24-year-olds. The program will offer young adults their first credit cards and first loans, and will in essence be a bridge into financial adulthood.

All three youth programs will have spots on NETCU's website, which allows participants to enhance their financial education online.

The credit union also goes directly to small businesses to recruit members. "We'll go anywhere to get in front of people," Stewart said. "We buy lunch for employees at their place of work and make presentations with PowerPoint. We have had a lot of success with this. We'll sign people up for the credit union on the spot. "

Not only does NETCU attempt to attract employees, it also tries to attract small businesses as a whole. "We have maxed out our small-business loans, and we've started our own CUSO (credit union service organization) to make more business loans," Stewart said.

NETCU became a community credit union in 2000 when it went from a federal to a state-charter to serve a broader area of people, Stewart said.

NETCU has always strived to be the first in technology in its area, and this is a key priority for the credit union. "We've been the first to use ATMs and an audio response system," Stewart explained.

The credit union also sends e-alerts to notify members when their accounts drop down to a certain amount so they don't get overdrawn. Another technology first for NETCU is its online banking product called Net Teller. The credit union is upgrading the product in 2009 so members can join the credit union and obtain loans online.

In a month, NETCU will start its Easy Saver Program, in which NETCU will deposit funds in the savings account of members for every debit card purchase they make.

NETCU, which has five branches and one real estate office, will add one more branch by the end of the year. "We're in the process of installing electronic informational signs at all seven locations to advertise and to disseminate information to our members," Stewart said.

To contact the CUNA Membership Growth Task Force, e-mail its account at cunamgtf@cuna.coop.

CUNA News Now

FDIC Fraud Alerts 8-25-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Cashier's Checks

Fidelity Bank & Trust, Dubuque, Iowa, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 073922500, which is assigned to Fidelity Bank & Trust. The items also display a security feature statement embedded in the top border and along the bottom border between two padlocks. The bank's name, address and a toll-free telephone number, which is not associated with the bank, appear in the upper-left corner. The words "CASHIERS CHECK" are displayed in the top center. The items have only one signature line in the lower-right corner.

Authentic cashier's checks display the routing number 073914398, which is assigned to Fidelity Bank & Trust. The words "CASHIER'S CHECK" are displayed in the lower-left corner. A vertical security statement and padlock symbol are shown in the right border. Authentic cashier's checks have two signature lines in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Julie Wieneke
   Senior Vice President
   Fidelity Bank & Trust
   208 2nd Street South East
   Dyersville, Iowa 52040
   Telephone: (563) 875-7157
   Fax: (563) 875-2474
   e-mail: juliew@bankfidelity.com
_______________________________________

Counterfeit Cashier's Checks

Allegiance Community Bank, South Orange, New Jersey, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 031918543, which is assigned to Allegiance Bank of North America, located in Bala Cynwyd, Pennsylvania. Allegiance Community Bank's checks display the routing number 021213481.

The counterfeit items display a security feature statement embedded in the top border and along the bottom border between two padlocks. The words "CASHIER'S CHECK" appear in the top center and the word "REMITTER" appears in the bottom left. The bank's name, logo, location, zip code and a toll-free telephone number appear in the top-left corner.

Authentic checks are issued as "TREASURER'S CHECKS." They display the routing number 021213481, which is assigned to Allegiance Community Bank. The bank's name, logo and address are centered in the top portion. Lines are displayed for "REMITTER," "DATE," "PAY TO THE ORDER OF," and the written dollar amount.

Any information you have concerning this matter should be brought to the attention of:
   Stephen J. Buraczynski
   Assistant Vice President for Information Technology, Security, and Facilities
   Allegiance Community Bank
   200 Valley Street
   South Orange, New Jersey 07079
   Telephone: (973) 761-5553, extension 116
   Fax: (973) 761- 5119
   E-mail: SBuraczynski@allegiancebank.com

Alternate Contacts:
   Michael Williams
   Branch Manager
   Allegiance Community Bank
   200 Valley Street
   South Orange, New Jersey 07079
   Telephone: (973) 761-5553, extension 104
   Fax: (973) 954-9726

   Taj Bhangoo
   Assistant Vice President Branch Manager
   Allegiance Community Bank
   34 Main Street, Suite 1
   Woodbridge, New Jersey 07095
   Telephone: (732) 636-0077, extension 203
   Fax: (732) 636-9108
_______________________________________

Counterfeit Cashier's Checks

Farmers and Miners Bank, Pennington Gap, Virginia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 051404545, which is assigned to Farmers and Miners Bank. The items are similar to authentic cashier's checks; however, authentic checks display a security statement embedded within the top border and a logo to the left of the bank's name in the top-left corner. The word "DATE" also appears next to the date line on authentic checks.

Any information you have concerning this matter should be brought to the attention of:
   Kevin W. Mullins
   Executive Vice President and Chief Operating Officer
   Farmers and Miners Bank
   403 West Morgan Avenue
   Pennington Gap, Virginia 24277
   Telephone: (276) 546-4692
   Fax: (276) 546-5931
   E-mail: kevin@farmersandminersbank.com
_______________________________________

Counterfeit Cashier's Checks

Fremont Bank, Fremont, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 121107882, which is assigned to Fremont Bank. The items are similar to authentic cashier's checks; however, the counterfeit items display a security feature statement embedded in the top border and along the bottom border between two padlocks.

Authentic cashier's checks display a security statement beneath the name of the bank and below the word "PREPARER."

Any information you have concerning this matter should be brought to the attention of:
   Mark Spillner
   Fremont Bank
   25151 Calwiter Road
   Hayward, California 94545
   Telephone: (510) 723-5678
   Fax: (510) 259-4505
   E-mail: security.department@fremontbank.com
_______________________________________

Counterfeit Cashier's Checks

Christiana Bank & Trust Company, Greenville, Delaware, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 031100924, which is assigned to Christiana Bank & Trust Company. The items also display security statements embedded in the top border and along the bottom border between two padlocks. The words "CASHIER'S CHECK" appear in the top-left corner. A toll-telephone free number, which is not associated with the bank, is shown below the bank's name and location in the top-center area.

Authentic cashier's checks display two signature lines in the lower-right corner and a security statement embedded in the right side border. The words "CASHIER'S CHECK" appear in the lower left corner.

Any information you have concerning this matter should be brought to the attention of:
   Martin Infanti
   Senior Vice President
   Christiana Bank & Trust Company
   3801 Kennett Pike, C- 200
   Greenville, Delaware 19807
   Telephone: (302) 888-7410
   Fax: (302) 421-5815
   E-mail: minfanti@christianabank.com
_______________________________________

Counterfeit Expense Checks

International Bank of Commerce, Laredo, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit expense checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 114902528, which is assigned to International Bank of Commerce. The items also display the following security statement embedded in the top border: "THE FACE OF THIS DOCUMENT HAS A COLORED BACKGROUND ON WHITE PAPER." The bank's address of "1200 San Bernardo St., Laredo, TX 78040-6301" is shown in the top center below that bank's name and the phrase "Member FDIC /International Bancshares Corporation."

Authentic expense checks display the word "DATE" adjacent to the bank's name. The following security statement is embedded in the top border: "THIS DOCUMENT HAS A VOID PANTOGRAPH, MICROPRINTING AND AN ARTIFICIAL WATERMARK."

Any information you have concerning this matter should be brought to the attention of:
   Susan Wisdom
   Loss Prevention Officer
   International Bank of Commerce
   1200 San Bernardo
   Laredo, Texas 78040
   Telephone: (956) 547-1340
   Fax: (956) 550-0677
   E-mail: swisdom@ibc.com

FDIC Fraud Alerts 8-22-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Cashier's Checks

First Federal Bank of Florida, Lake City, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 263184488, which is assigned to First Federal Bank of Florida. The items are similar to authentic cashier's checks; however, the counterfeit items display a security feature statement along the bottom border between two padlocks.

Authentic checks display the words "REMITTER FFBF" in the lower-left corner of the check.

Any information you have concerning this matter should be brought to the attention of:
   Kathy Baird
   Vice President
   First Federal Bank of Florida
   P.O. Box 2029
   Lake City, Florida 32056
   Telephone: (386) 755-0600, extension 3174
   Fax: (386) 754-7163
   E-mail: bairdk@ffsb.com
_______________________________________

Counterfeit Cashier's Checks

Washington Trust Bank, Spokane, Washington, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The counterfeit items are apparently being distributed in association with a Canadian lottery scam.

The counterfeit items display the routing number 125100089, which is assigned to Washington Trust Bank. The items include security statements in the top border and beneath the signature line.

Any information you have concerning this matter should be brought to the attention of:
   Troy Wunderlich
   Operational Risk Manager and Security Officer
   Washington Trust Bank
   P.O. Box 2127
   Spokane, Washington 99210
   Telephone: (509) 353-4117
   Fax: (509) 353-3839
   E-mail: twunderlich@watrust.com
_______________________________________

Counterfeit Official Checks

The Farmers State Bank, Fairview, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101112716, which is assigned to The Farmers State Bank. The bank does not issue official checks. It does, however, issue bank money orders, which have the words "BANK MONEY ORDER" in the top center and an ornate left border.

Any information you have concerning this matter should be brought to the attention of:
   Gregory A. Jackson
   President
   The Farmers State Bank
   P.O. Box 8
   Fairview, Kansas 66425
Telephone: (785) 467-3560
   Fax: (785) 467-8101
   E-mail: farmersbank@carsoncomm.com
_____________________________________________

Counterfeit Cashier's Checks

Valley Business Bank, Visalia, California, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 121142397, which is assigned to Valley Business Bank. The items also display a security feature statement embedded in the top and bottom borders, which have rounded corners.

Authentic cashier's checks display a security statement below the written dollar amount line and a padlock icon and security phrase in the right border. The authentic checks also display an ornate design in both top corners and in the bottom-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Marie Tucker
   Customer Service Center Manager
   Valley Business Bank
   174 South Burnett Road
   Tipton, California 93272
   Telephone: (559) 752-5035, extension 102
   Fax: (559) 752-5042

FDIC Fraud Alerts 8-13-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
________________________________

Counterfeit Checks

The Depository Trust & Clearing Corporation (DTCC), New York, New York, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit checks that appear to be from an individual account and include DTCC's or Depository Trust Company's (DTC) name and routing number are in circulation.

The counterfeit items display the routing number 026002066, which is assigned to DTCC.

Any information you have concerning this matter should be brought to the attention of:
   The Depository Trust & Clearing Corporation
   55 Water Street
   New York, New York 10041
   Telephone: (212) 855-3516
   Fax: (212) 855-8685
   E-mail: wbenson@dtcc.com or kmay@dtcc.com
________________________________

Counterfeit Cashier's Checks

Chippewa Valley Bank, Winter, Wisconsin, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 091509468, which is assigned to Chippewa Valley Bank. The items also display a security feature statement embedded in the top border and along the bottom border between two padlocks. The words "CASHIER'S CHECK" are in the top-left corner. An Indian-head logo, the bank's name and location, and a toll-free telephone number, which is not associated with the bank, appear in the top-center area.

Chippewa Valley Bank does not issue cashier's checks. However, it does issue bank money orders. Authentic money orders have a floral design pattern along the left border and a notice to purchaser beneath the words "BANK MONEY ORDER" in the top-center area.

Any information you have concerning this matter should be brought to the attention of:
   Susan Martin
   Chippewa Valley Bank
   5150 North Main Street
   Winter, Wisconsin 54896
   Telephone: (715) 266-3501
   Fax: (715) 266-3009
   E-mail: suem@chippewavalleybank.com
________________________________

Counterfeit Cashier's Checks

The Dolores State Bank, Dolores, Colorado, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 102104927, which is assigned to The Dolores State Bank. The items also display a security feature statement embedded in the top border and along the bottom border between two padlocks. The bank's logo and name appear in the top-left corner. A toll-free telephone number, which is not associated with the bank, appears in the lower-left corner below the statement "Issued by The Dolores State Bank, Dolores, CO."

Authentic cashier's checks display preprinted lines for the "REMITTER," "PAY TO THE ORDER OF" and "DATE" fields. The bank's logo appears in the top center. The words "CASHIER'S CHECK" appear in the bottom-left corner.

Any information you have concerning this matter should be brought to the attention of:
   The Dolores State Bank
   P.O. Box 848
   Dolores, Colorado 81323
   Telephone: (970) 882-7600
   Fax: (970) 882-1050
   E-mail: help@mydsb.com
________________________________

Counterfeit Cashier's Checks

Century Bank & Trust, Milledgeville, Georgia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 061101773, which is assigned to Century Bank & Trust. The items also display the bank's name and logo in the top-left corner, and the words "CASHIER'S CHECK" are framed in the top border.

Authentic cashier's checks display a notice to customers in the top-left corner, and a vertical security statement and padlock symbol are shown along the right border. The words "CASHIER'S CHECK" are shown in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Harold Baugus
   Security Officer
   Century Bank & Trust
   P.O. Box 768
   Milledgeville, Georgia 31059
   Telephone: (478) 453-3571
   Fax: (478) 452-4976
   E-mail: haroldbaugus@centurybankonline.com
________________________________

Counterfeit Cashier's Checks

GreenBank, Greeneville, Tennessee, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 064201832, which is assigned to GreenBank. The counterfeit items are similar to authentic cashier's checks; however, they display security feature statements embedded in the top border and along the bottom border between two padlocks.

Authentic cashier's checks display the bank's toll-free telephone number below its name and location in the top-center area of the check.

Any information you have concerning this matter should be brought to the attention of:
   Judy Elliott
   Fraud Coordinator
   GreenBank
   100 North Main Street
   Greeneville, Tennessee 37743
   Telephone: (423) 278-3092
   Fax: (423) 798-1410
   E-mail: elliottj@greenbankusa.com
________________________________

Counterfeit Official Checks

Bank of Prescott, Prescott, Arkansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 082901402, which is assigned to Bank of Prescott. A security feature statement is embedded in the top border and along the bottom border between two padlocks. A logo appears in the top-left corner.

Bank of Prescott does not issue official checks. However, it does issue cashier's checks. Authentic cashier's checks show the bank's name in the top-center area and the words "CASHIER'S CHECK" in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Karen McLelland
   Vice President and Cashier
   Bank of Prescott
   P.O. Box 490
   Prescott, Arkansas 71857
   Telephone: (870) 887-2688
   Fax: (870) 887-6822
   E-mail: karenmcl@iocc.com

FDIC Fraud Alerts 8-12-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Cashier's Checks

Lindell Bank & Trust Company, St. Louis, Missouri, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 081001073, which is assigned to Lindell Bank & Trust Company. A security feature statement is embedded in the top border and above the routing number between two padlocks. A P.O. Box mailing address is displayed beneath the bank's name. The words "cashier's check" appear above a notice to customers in the lower-left corner.

Authentic cashier's checks display the words "cashier's check" below a notice to customers in the lower-left corner. The items have preprinted lines for the "REMITTER," "DATE" and "PAY TO THE ORDER OF" fields.

Any information you have concerning this matter should be brought to the attention of:
   Michele Miller
   Data Processing Manager
   Lindell Bank & Trust Company
   6900 Clayton Avenue
   St. Louis, Missouri 63139
   Telephone: (314) 645-7700, extension 3030
   Fax: (314) 645-7124
   E-mail: mmiller@lindellbank.com
_______________________________________

Counterfeit Cashier's Checks

First National Bank, Hot Springs, Arkansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 082901473, which is assigned to First National Bank. The counterfeit items are identical to authentic cashier's checks; however, the counterfeit items are green and authentic checks are blue.

Any information you have concerning this matter should be brought to the attention of:
   Maureen Burrow
   Vice President
   First National Bank
   121 South 3rd Street
   De Queen, Arkansas 71832
   Telephone: (870) 642-2212
   Fax: (870) 642-7959
   E-mail: maureen.burrow@fnbweb.biz
_______________________________________

Counterfeit Cashier's Checks

People's United Bank, Bridgeport, Connecticut, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 221172186, which is assigned to People's United Bank. The items also display a security feature statement embedded in the top border.

Authentic cashier's checks display the words "Bridgeport, Connecticut" beneath the bank's name in the top-left corner and a preprinted line for the "Pay To The Order Of" field. The words "CASHIER'S CHECK" are displayed in an italicized font in the top-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Tina Gabriel
   Director, Corporate Fraud Investigation & Recovery
   People's United Bank
   850 Main Street
   Bridgeport, Connecticut 06604
   Telephone: (203) 338-7833
   Fax: (203) 338-5099
   E-mail: security@peoples.com
_______________________________________

Counterfeit Bank Checks

First National Bank of Waynesboro, Waynesboro, Georgia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit bank checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 061202245, which is assigned to First National Bank of Waynesboro. The items are similar to authentic bank checks; however, the counterfeit items display a security feature statement embedded in the top border. The words "AUTHORIZED SIGNATURE" appear below the signature line on the counterfeit items.

Authentic checks display a vertical security statement and padlock symbol within the right border. The words "AUTHORIZED SIGNATURE" appear above the signature line.

Any information you have concerning this matter should be brought to the attention of:
   Annette Bailey
   Vice President
   First National Bank of Waynesboro
   626 Liberty Street
   P.O. Box 647
   Waynesboro, Georgia 30830
   Telephone: (706) 554-8100
   Fax: (706) 554-8107
   E-mail: abailey@fnbwaynesboro.com
_______________________________________

Missing, Lost or Stolen Cashier's Checks

Farmers and Merchants Bank, Baldwyn, Mississippi, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that cashier's checks bearing the institution's name are missing, lost or stolen.

The check numbers associated with these checks are: 039700 through 039799 and 042500 through 042599. The checks display the routing number 084205737, which is assigned to Farmers and Merchants Bank.

Any information you have concerning this matter should be brought to the attention of:
   Pattie Sparks
   Vice President of Operations and Bank Secrecy Act Officer
   Farmers & Merchants Bank
   111 West Clayton Street
   P.O. Box 278
   Baldwyn, Mississippi 38824
   Telephone: (662) 365-1200
   Fax: (662) 365-1238
   E-mail: pattie.sparks@fmbms.com
_______________________________________

Counterfeit Cashier's Checks

Heritage Community Bank, Hartsville, South Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 053207973, which is assigned to Heritage Community Bank. The items also display a security feature statement along the bottom border between two padlocks. A toll-free telephone number, which is not associated with the bank, is shown below the bank's name and location in the top-center area.

Heritage Community Bank does not issue cashier's checks; however, it does issue official checks. Authentic official checks display the bank's logo and name in the top center and the words "Official Check" in the top-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Shannon R. Morrison
   Vice President and Cashier
   P.O. Box 2255
   Hartsville, South Carolina 29551
   Telephone: (843) 383-4333
   Fax: (843) 332-3218
   E-mail: smorrison@heritageoline.biz
_______________________________________

Counterfeit Cashier's Checks

MidWestOne Bank, Oskaloosa, Iowa, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 073901233, which is assigned to MidWestOne Bank. "VOID AFTER 90 DAYS" is shown above the statement "TWO SIGNATURES REQUIRED IF $5,000 OR MORE" in the lower-right corner above two signature lines.

Authentic cashier's checks display a security feature statement below the written dollar amount line, and a vertical security statement and padlock symbol within the right border. A scroll design is displayed in the top and lower-left corners.

Any information you have concerning this matter should be brought to the attention of:

Ryan Montgomery
Fraud Administrator
MidWestOne Bank
124 South 1st Street
Oskaloosa, Iowa 52577
Telephone: (319) 356-5898
Fax: (319) 356-5849
E-mail: rmontgomery@isbt.com

Alternate Contact:

Kim Beals
Electronic Banking Officer
MidWestOne Bank
124 South 1st Street
Oskaloosa, Iowa 52577
Telephone: (641) 673-1592
Fax: (641) 673-7836
E-mail: kbeals@mwofg.com

_______________________________________

Counterfeit Bank Checks

Southbridge Savings Bank, Southbridge, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit bank checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 211371735, which is assigned to Southbridge Savings Bank. The items are similar to authentic bank checks; however, they display a security feature statement embedded in the top border and a padlocks symbol on the right side of the check.

Any information you have concerning this matter should be brought to the attention of:

Susan E. Keough
Security Officer
Southbridge Savings Bank
257 Main Street
Southbridge, Massachusetts 01550
Telephone: (800) 939-9103, extension 1024
Fax: (508) 764-9851
E-mail: skeough@southbridgesavingsbank.com

_______________________________________

Counterfeit Cashier's Checks

Centera Bank, Sublette, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101110271, which is assigned to Centera Bank. Centera Bank does not issue cashier's checks. The counterfeit items also display security feature statements embedded in the top border and along the bottom of the check between two padlocks. A toll-free telephone number, which is not associated with the bank, appears below the bank's name in the top-center area.

Any information you have concerning this matter should be brought to the attention of:

   Main Office
   Centera Bank
   P.O. Box 400
   Sublette, Kansas 67877
   Telephone: (620) 675-8611
   Fax: (620) 675-8162
   mlc@centerabank.com
_______________________________________

Counterfeit Official Checks

Kaplan State Bank, Kaplan, Louisiana, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 065204197, which is assigned to Kaplan State Bank. The items also display security feature statements embedded in the top border and along the bottom border between two padlocks. The bank's logo is displayed in the top left corner.

Authentic official checks display the routing number 051900353, which is assigned to Branch Banking and Trust (BB&T), Charleston, West Virginia. Kaplan State Bank issues official checks through a BB&T account. Authentic official checks have a security notice in the top-left corner. The words "OFFICIAL CHECK" are shown in a box incorporated into the top border. A security statement is displayed below the box.

Any information you have concerning this matter should be brought to the attention of:

   Paul F. Meaux
   President
   Kaplan State Bank
   P.O. Box 309
   Kaplan, Louisiana 70548
   Telephone: (337) 643-7110
   Fax: (337) 643-7111
   E-mail: pmeaux@kaplanbank.com

CUNA Membership Growth Series

Membership Growth Series:
Generations FCU

Participation in the Volunteer Income Tax Assistance (VITA) program and increased emphasis on print and broadcast advertising over the past several years has led to solid membership growth for Generations Credit Union, a $316 million asset, San Antonio-based credit union. The credit union realized 7% membership growth from 2006 to 2007. Anyone who lives, works, attends school, worships or volunteers in Bexar County, Texas, is eligible for membership.

This is the seventh installment of the News Now Membership Growth series of interviews with fast-growing-membership credit unions. The series is part of an initiative of the Credit Union National Association (CUNA) Membership Growth Task Force. The series focuses on fast "organic" membership growth, not growth by merger or indirect loans.

"One of the primary growth engines for our credit union has been the VITA program," Eve Hernandez, Generations vice president of marketing, told News Now. "Not only has it brought in new members, but it also has been part of the commitment from our board to serve the underserved. So it fulfills our growth strategy and serves low- and moderate-income members."

In 2004, Generations significantly stepped up print and broadcast advertising efforts. In 2005, the credit union began to see a return on the investment--not only from advertising but also from the VITA program, Hernandez said.

Earlier this year, the credit union changed its name from San Antonio City Employees FCU to Generations FCU.

"Those three things [VITA program, advertising, name change] improved recognition, and awareness of our credit union helped our membership growth," Hernandez explained.

Generations specifically targets the 18-34 age group, Hispanics, immigrants and African Americans. Hispanics are a majority population in San Antonio, Hernandez noted.

While Generations sees that other financial institutions target 18-34 year olds because they are less educated on financial products and services, the credit union targets this group to provide products that are more easily understandable.

Two such products are: the Alternative Refund Anticipation Loan sponsored by the Internal Revenue Service (IRS) through the VITA program, and the Second Chance Checking Program.

With the Alternative Refund Anticipation Loan, the credit funds a 0% annual percentage loan once it gets IRS confirmation of the member's tax refund.

The Second Chance Checking Program is geared toward members who have had past financial difficulties. There are several parameters affixed to the program, Hernandez said, including: Participants are limited to 10-15 checks per member, they can incur no non-sufficient funds fees, they must attend financial literacy classes and they must pay off any balances that they owe merchants.

"Once members are successful with the second chance program, they can migrate to a traditional checking program," Hernandez explained.

Generations targets 18-34 year olds because it is the credit union's mission, Hernandez said.

"We can make a real difference for them," she added. "We see a lot of young families and we see a lot of individuals using non-traditional financial services, so their income is chipped away by high-interest loans, money orders and check-cashing places.

"By providing traditional financial services to help them, we're turning that relationship into a more long-term and beneficial one. A lot of the parents of these members always used cash, so they don't understand direct deposit, and different financial products and services offered," she said.

An example of a product that helps this younger group is an alternative to payday loans that charges an 18% interest rate, and is a more traditional, humane loan, Hernandez said.

Generations became a community credit union in 2006, serving residents of Bexar County after starting out as a credit union for municipal employees in 1940.

Hernandez explained the reasoning behind the charter change. "We found that the credit union was very successful having its roots as a good community service for city employees," Hernandez said. "Our board of directors is really dedicated to providing public service--bringing down interest rates on loans, as well as debt consolidation and interest-rate relief. We looked for ways to extend our positive influence on the community."

Between 2001 and 2006, before the switch to a community charter, the credit union was part of a National Credit Union Administration program called Investment Area. Under the guidelines of the program, the credit union could serve census tracks--based on income level--within three-and-a-half miles of each credit union branch for members who earned 80% or less of the median income in the area.

"That program was so confusing and cumbersome to manage," Hernandez said. "That's one of reasons we switched to community charter, so we could more easily serve the underserved in our area."

For credit unions, there always has to be a balance between getting new members and deepening that relationship with new members, Hernandez said.

"While membership growth is good, we want to build relationships with members early on and retain them for as long as possible," Hernandez explained. "To serve the underserved, you need a board commitment to do that. You have to take some risk on the loan side. My hat is off to our board for doing that. That comes from our VITA and Second Chance Checking programs."

Anyone who wants to contact the CUNA Membership Growth Task Force can e-mail the account established for this purpose at cunamgtf@cuna.coop.

CUNA News Now 8-11-08

FDIC Fraud Alerts 8-6-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers).
_______________________________________

Counterfeit Cashier's Checks

Premier Bank of Jacksonville, Jacksonville, Illinois, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 081226298, which is assigned to Premier Bank of Jacksonville. The items are similar to authentic cashier's checks; however, the counterfeit items display a preprinted line above the words "AUTHORIZED SIGNATURE" in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Sharon Hayes
   Assistant Cashier and Auditor
   Premier Bank of Jacksonville
   1604 West Morton
   Jacksonville, Illinois 62650
   Telephone: (217) 243-0660
   Fax: (217) 245-7057
   E-mail: shayes@premierbanks.net

Alternate Contact:

   Deanna Tavender
   Vice President and Controller
   Premier Bank of Jacksonville
   1604 West Morton
   Jacksonville, Illinois 62650
   Telephone: (217) 243-0660
   Fax: (217) 245-7057
   E-mail: dtavender@premierbanks.net
____________________________

Counterfeit Cashier's Checks

Southern Bank, Sardis, Georgia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 061212235, which is assigned to Southern Bank. The items also display three different bank branch addresses across the top and a security feature embedded in a darkened top border.

Authentic cashier's checks display an indemnity notice below the words "CASHIER'S CHECK" in the lower-left corner. The checks also display four different bank branch addresses across the top and a local telephone number below the bank's name and logo in the top-left corner. A padlock symbol is shown to the right of the printed word "DOLLARS."

Any information you have concerning this matter should be brought to the attention of:
   Kathy Cannon
   Vice President
   Southern Bank
   P.O. Box 927
   Waynesboro, Georgia 30830
   Telephone: (706) 437-9977
   Fax: (706) 554-0517
   E-mail: bank@burke.net

Alternate Contact:

   Rolene Oliver
   Bookkeeper
   Southern Bank
   P.O. Box 927
   Waynesboro, Georgia 30830
   Telephone: (706) 437-9977
   Fax: (706) 554-0517
   E-mail: bank@burke.net
____________________________

Missing, Lost or Stolen Money Orders

Baltimore County Savings Bank, FSB, Baltimore, Maryland, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that money orders bearing the institution's name are missing, lost or stolen.

The serial numbers associated with these money orders are 01000101 through 01000599. The money orders display the routing number 255070351, which is assigned to Baltimore County Savings Bank, FSB.

Any information you have concerning this matter should be brought to the attention of:
   Teri Kibler
   Accounting Department
   Baltimore County Savings Bank, FSB
   4111 East Joppa Road
   Baltimore, Maryland 21236
   Telephone: (410) 248-1156
   Email: tkibler@bcsb.net

   Louis Ullrich, Jr.
   Security Department
   Baltimore County Savings Bank, FSB
   4111 East Joppa Road
   Baltimore, Maryland 21236
   Telephone: (410) 513-0350
   Email: lullrich@bcsb.net
____________________________

Counterfeit Treasurer's Checks

The Village Bank, Auburndale, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit treasurer's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 211371858, which is assigned to The Village Bank, and they are nearly identical to authentic treasurer's checks.

Any information you have concerning this matter should be brought to the attention of:
   Debra Gowins
   Vice President
   The Village Bank
   307 Auburn Street
   Auburndale, Massachusetts 02466
   Telephone: (617) 340-1205
   Fax: (617) 965-8945
   E-mail: dgowins@village-bank.com
____________________________

Counterfeit Official Checks

Mainstreet Savings Bank, FSB, Hastings, Michigan, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011007092, which is assigned to Mainstreet Savings Bank, FSB.

There are two counterfeit check versions:

Version 1: The counterfeit items display the words "OFFICIAL CHECK" inside of a rectangle with rounded corners embedded in the center of the top border.

Version 2: The counterfeit items display security feature statements embedded in a darkened top border and in the bottom border between two padlocks. The word "OF" in "PAY TO THE ORDER OF" is misspelled as "OR."

Authentic official checks display a security statement directly below to the top border and the number "2724" in the top-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Mainstreet Savings Bank
   629 West State Street
   Telephone: (269) 945-9561
   Fax: (269) 945-2389
   E-mail: msb@mainstreetsavings.com
____________________________

Counterfeit Cashier's Checks

BankAtlantic, Fort Lauderdale, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011007092, which is assigned to a MoneyGram Payment Systems, Inc. account, payable at Boston Safe Deposit & Trust Co., Boston, Massachusetts. BankAtlantic issues official checks through MoneyGram Payment System, Inc.

BankAtlantic does not issue cashier's checks. However, it does issue official checks. The counterfeit items display the words "CASHIER'S CHECK" in the top-middle portion of the check. A security statement is shown within the bottom border.

Authentic official checks display the words "OFFICIAL CHECK" inside of a rectangular box with rounded corners that is embedded in the center of the top border. The checks also have a padlock security icon in the bottom right corner.

Any information you have concerning this matter should be brought to the attention of:
   Karen Montenegro
   Senior Bank Reconciliation Specialist
   BankAtlantic
   2100 West Cypress Creek Road
   Fort Lauderdale, Florida 33309
   Telephone: (954) 940-5389
   Fax: (954) 940-5380
   E-mail: kmontenegro@bankatlantic.com

Alternate Contact:

   Greg Scherba
   Assistant Controller
   BankAtlantic
   2100 West Cypress Creek Road
   Fort Lauderdale, Florida 33309
   Phone: (954) 940-5374
   Fax: (954) 940-5360
   Email: gscherba@bankatlantic.com
____________________________

Counterfeit Official Checks

Citizens South Bank, Gastonia, North Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 253170512, which is assigned to Citizens South Bank. However, Citizens South Bank issues official checks through a MoneyGram Payment Systems Inc. account, payable through US Bank, St. Paul, Minnesota. The authentic checks reflect the routing number 096016765.

The counterfeit items also display the words "OFFICIAL CHECK" inside of a rectangular box with rounded corners that is embedded in the center of the top border. They also display a toll-free telephone number ("1-888-210-4031"), which is not associated with the bank, below the bank's name and address in the upper-left corner.

Authentic official checks display a security statement beneath the top border. The bank's logo, consisting of a crescent moon shape striking through the bank's name, is shown in the upper-left corner. The bank's local telephone number ("704-868-5200") appears below the bank's name and address in the upper-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Christy Henderson
   Accounting Specialist
   Citizens South Bank
   519 South New Hope Road
   Gastonia, North Carolina 28054
   Telephone: (704) 884-2280
   E-mail: christy.henderson@citizenssouth.com
____________________________

Missing, Lost or Stolen Official Checks

Ameris Bank, Moultrie, Georgia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that official checks bearing the institution's name are missing, lost or stolen.

The serial numbers associated with these checks are 063244 through, and including, 063250. The checks display the routing number 061201754, which is assigned to Ameris Bank.

Any information you have concerning this matter should be brought to the attention of:
   Mona A. Hayes
   Assistant Vice President BSA/AML Compliance
   Ameris Bank
   P.O. Box 3668
   Moultrie, Georgia 31776
   Telephone: (229) 890-6373, extension 331
   Fax: (229) 890-6376
   E-mail: mona.hayes@amerisbank.com
____________________________

Counterfeit Cashier's Checks

TruPoint Bank, Grundy, Virginia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

There are two counterfeit check versions:

Version 1: The counterfeit items display the routing number 051403672, which is assigned to TruPoint Bank, and a security feature statement embedded in both the top and bottom borders. A rectangular box is in the lower-right corner.

Version 2: The counterfeit items display the routing number 051403672, which is assigned to TruPoint Bank; however, they bear the name JP Morgan Chase Bank, N.A., Columbus, Ohio.

Authentic cashier's checks display the following security statement within the top border between two padlocks: "THIS CHECK IS PRINTED ON CHEMICAL REACTIVE PAPER WHICH CONTAINS A WATERMARK – HOLD UP TO A LIGHT TO VIEW."

Any information you have concerning this matter should be brought to the attention of:
   Belinda Shrader
   Vice President and Cashier
   TruPoint Bank
   P.O. Box 1010
   Grundy, Virginia 24614
   Telephone: (276) 935-3450
   Fax: (276) 935-3456
   E-mail: belinda.shrader@TruPointBank.com
____________________________

Counterfeit Cashier's Checks

Mid-Missouri Bank, Springfield, Missouri, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 086503424, which is assigned to Mid-Missouri Bank. The items are similar to authentic cashier's checks; however, the counterfeit items display a security feature statement embedded in the top border and two signature lines in the lower-right corner.

Authentic cashier's checks display a security statement and padlock symbol vertically within the right border.

Copies of a counterfeit item and an authentic check (VOID) are attached for your review. Be aware that the appearance of counterfeit items can be modified and that additional variations may be presented.

Any information you have concerning this matter should be brought to the attention of:
   Denise J. Kirby
   Senior Executive Vice President of Operations
   Branch Operations Department
   Mid-Missouri Bank
   330 West Plainview, Suit K
   Springfield, Missouri 65810
   Telephone: (417) 890-1274
   Fax: (417) 890-1421
   E-mail: dkirby@midmobank.com

Housing Bill Summary 7-31-08

Inside Congress's Housing Repair Kit

Legislation offers tax breaks, money to fight blight, mortgage aid, and more disclosure by lenders

The sweeping housing legislation signed yesterday by President Bush provides a tax credit for first-time home buyers, higher mortgage allowances for expensive markets such as Boston, property tax breaks, and a variety of other benefits.

Although the main thrust of the legislation was to shore up the nation's primary mortgage providers, Freddie Mac and Fannie Mae, and stem the onslaught of foreclosures, the new law has numerous tax breaks and incentives for homeowners and buyers aimed at repairing the damaged housing market.

"There's enough for some, but not for everybody," said Representative Barney Frank, the Newton Democrat who sponsored the legislation. "If we had more money, we could do more."

Tax relief

First-time buyers can receive a $7,500 tax credit for buying a home by next July 1, a provision aimed at recharging sales in slumping markets. Eligibility requirements include that a buyer has not owned a home within the past three years. The credit is effectively a no-interest loan since the taxpayer must pay it back at a rate of $500 a year over 15 years. The credit begins to be phased out for single taxpayers earning $75,000 and ends at $95,000, and for couples earning $150,000 to $170,000, said Linda Goold, lawyer for the National Association of Realtors.

Homeowners who elect to claim the standard deduction on their tax forms can receive a property tax break of $500, or $1,000 for couples filing jointly.

Taxpayers subject to the alternative minimum tax will no longer have to pay taxes on the interest they earn from housing-related bonds sold by state and municipal governments. Lawmakers said this will lower the cost of building affordable housing by making the bonds more attractive to investors.

Owners of vacation homes, however, will be limited in the amount of capital gains tax deductions they get when selling the second property, if they've used it as a primary residence during a certain period prior to selling it.

New Disclosure Requirements

Lenders will have to provide copies of mortgage documents to borrowers at least seven days prior to the loan closing.

Mortgage documents must completely disclose the full costs of the loan over its lifetime, including future increases in payments, for subprime or other types of adjustable-rate mortgages.

Mortgage Help

Freddie Mac, Fannie Mae, and the Federal Housing Administration will increase the loan amounts they can provide buyers in high-cost markets such as Boston. The ceilings will increase from $417,000 to $481,850 in the Boston area and to $625,500 on Nantucket and Martha's Vineyard. The higher limits are designed to give more buyers access to lower cost federally backed mortgages.

Homeowners facing foreclosure will be able to refinance into more affordable loans, with $300 billion in funding available from the FHA. An estimated 400,000 subprime and other high-cost mortgages are eligible. The law requires holders of the original mortgage to agree to take a loss on the refinancing and for the new loan to be no more than 90 percent of the home's current market price. In return, the borrower has to forgo some portion of the future appreciation of the home.

Only loans issued between January 2005 and June 2007 are eligible; only primary mortgages are eligible; and applicants' monthly mortgage payments must be equal to at least 31 percent of their gross monthly income. Frank said the financing will be available Oct. 1.

Senior citizens will be allowed to tap into larger reverse mortgages. Currently, owners are permitted to receive monthly payments based on between $200,000 and $362,790 of their home's equity, depending on their age, said Tjarko Leifer, managing director of Rex & Co., a San Francisco firm that sells an alternative to reverse mortgages. Residents of high-cost cities such as Boston could benefit under the new law, which raises those limits to between $417,000 and $625,500, he said.

Lenders and investors will be barred from starting foreclosure proceedings against veterans until nine months after they return from service, up from three months previously.

To support "underserved markets," the government will foster a secondary mortgage market for manufactured housing and develop beneficial underwriting guidelines.

Federal Aid

Communities hardest hit by foreclosures will share nearly $4 billion in redevelopment funds to fight blight. The funds will be used to purchase homes and rehabilitate them for resale to stabilize the neighborhood. While no areas were designated in the bill, some Massachusetts communities such as Dorchester or Lawrence may be eligible.

Low-income housing construction was boosted with housing tax breaks worth $15 billion.

Affordable Housing

The Heritage Apartments in Malden is among low-income housing projects around the country receiving special treatment. The Department of Housing and Urban Development, in order to protect Heritage's low-income, mostly senior, tenants from eviction, will increase the size of rental vouchers paid to Heritage's owner, First Church in Malden, a nonprofit housing development agency. This will support First Church's ability to pay for renovations of the dilapidated property, congressional staffers said.

Boston Globe, July 31, 2008

ID Theft Red Flags

ID Theft Red Flags

A red flag is a pattern, practice, or activity indicating possible ID theft (Credit Union Magazine 2/08, p. 50). Red flags may involve anything from fraud alerts on credit reports to unusual account activity. The guidelines accompanying the red flag regulations detail possible red flags to consider as you develop your ID theft prevention program.

With only a few months left before the mandatory compliance date, you should be asking these seven questions.

Has your credit union:

1. Chosen staff to oversee development and implementation of your ID theft prevention program?

2. Performed a risk assessment? The risk-based program must be appropriate to your credit union’s size and complexity.

Have you:
▫ Identified covered accounts you offer or maintain? These include basic consumer accounts permitting multiple payments or transactions, and other accounts that may be vulnerable to ID theft , such as small-business or sole-proprietorship accounts. Consider the account types your credit union maintains, methods you use to open them, and how members access their accounts.

▫ Identifi ed the red fl ags associated with each covered account? What experiences has the credit union had with ID theft related to these accounts?

▫ Determined how the credit union will detect red flags (for example, authenticating members, monitoring accounts) and respond to them (for example, contacting members, changing passwords, closing accounts)? Will the credit union need additional staff , new software, or other resources?

3. Updated policies? You don’t have to reinvent the wheel. Incorporate existing fraud prevention
policies and procedures into the ID theft prevention program, as appropriate. Your credit union has complied with current privacy, security, and Bank Secrecy Act (e.g., Customer Identification Program) regulations for years. See where you need to fi ll in the blanks to satisfy the FACT requirements.

For example, have you:
▫ Incorporated risk assessment results into your credit union’s ID theft prevention program?

▫ Implemented sufficient procedures to assess the validity of credit/debit cardholders’ change-of-address requests (such as notifying the cardholder at the previous address/e-mail)?

▫ Developed procedures to handle address discrepancy notices from credit bureaus?

4. Contacted vendors to see if they’ll be ready for compliance? The regulations require ensuring service providers have policies and procedures to detect, prevent, and mitigate ID theft risk whenever performing activities in connection with covered credit union accounts.

5. Trained appropriate staff ? All staff should receive training on the new policies and procedures
that apply to their job functions.

6. Planned for periodic updates, continuing staff training, and annual reports to the board (or a board committee or designated senior management employee)? Compliance with the red fl ag regulations isn’t a one-time event. It’s continuous.

7. Educated members on ID theft prevention and new policies and procedures that may aff ect their interaction with the credit union (via newsletter, statement stuff er, and so on)? This isn’t a red flag requirement. However, it’s essential for your credit union’s ID theft prevention efforts.

FDIC Fraud Alerts 7-10-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Cashier's Checks
StonehamBank, a Co-operative Bank, Stoneham, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 211371586, which is assigned to Stoneham Bank. The items also display a security statement embedded in the top border and show a toll-free telephone number, which is not associated with the bank, on the left side below the bank's name. The words "CASHIER'S CHECK" are in the top center.

Authentic cashier's checks display the words "CASHIERS CHECK" in the bottom-left corner and "MEMBER FDIC" in the top center.

Any information you have concerning this matter should be brought to the attention of:
   Michael McGrath
   Security Manager
   StonehamBank
   80 Montvale Avenue
   Stoneham, Massachusetts 02180
   Telephone: (781) 481-5835
   Fax: (781) 481-5959
   E-mail: mmcgrath@stonehambank.com
_______________________________________

Counterfeit Cashier's Checks
Anchor Bank St. Paul, National Association, St. Paul, Minnesota, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 096015232, which is assigned to Anchor Bank St. Paul, National Association, and the numeric dollar amount on a line below the right end of the "PAY TO THE ORDER OF" line.

Authentic checks display a security statement embedded in the top border. "CHECK NO." is shown in the top right-corner. Designated areas are shown for "DATE" and "AMOUNT."

Any information you have concerning this matter should be brought to the attention of:
   Brenda Johnson
   Security/Bank Secrecy Act Officer
   Anchor Bank St. Paul, National Association
   14665 Galaxie Avenue
   Apple Valley, Minnesota 55124
   Telephone: (952) 808-8047
   Fax: (952) 808-8049
   E-mail: Brenda_Johnson@anchorlink.com
_______________________________________

Counterfeit Cashier's Checks
Southern First Bank, National Association (doing business as Greenville First Bank), Greenville, South Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. Neither Southern First Bank, National Association nor Greenville First Bank issues cashier's checks. However, both issue official checks.

The counterfeit items display the routing number 053000196, which is assigned to Bank of America, N.A., Richmond, Virginia. The counterfeit items are markedly dissimilar to authentic official checks. They are white with the words "CASHIER'S CHECK" in the top center. The bank's name ("Greenville First Bank"), displayed between two darkened lines, and address ("112 Haywood Rd., Greenville, SC 29607") are shown in the top-left corner. The phrase "Purchased By" is in the lower-left corner, and the word "Signature" is below the signature line.

There are two versions of authentic official checks. They are identical in design and format; however, one shows the bank's name as "Greenville First" and the other shows the name as "Southern First." Authentic official checks are light gray with a perforated bottom edge. They have ornate black and white borders and when copied display a "VOID" background. A security feature statement is centered inside the top border. A hologram containing the words "SECURE" and "GENUINE" is shown in the top center. A double-bordered rectangle with outward pointing arrows at each end contains the words "OFFICIAL CHECK" and is shown in the top-center area. The bank's name (either "Greenville First" or "Southern First"), address ("P.O. Box 17465 – Greenville, SC 29606") and the word "REMITTER" are in the top-left corner. The phrase "authorized signature" is on the right side.

Any information you have concerning this matter should be brought to the attention of:
   Gwen Bridges
   Executive Vice President for Risk Management
   Southern First Bank, N.A.
   dba Greenville First Bank
   P.O. Box 17465
   Greenville, South Carolina 29606
   Telephone: (864) 679-9000
   Fax: (864) 679-9402
   E-mail: gbridges@greenvillefirst.com
_______________________________________

Counterfeit Official Checks
Bank of Jones County, Laurel, Mississippi, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 065306079, which is assigned to Bank of Jones County; however, the bank does not issue official checks with this routing number. The items are markedly dissimilar to authentic official checks. They display the following security feature statement in the top border: "THIS CHECK IS VOID WITHOUT A GREEN & BLUE BORDER AND BACKGROUND PLUS A KNIGHT & FINGERPRINT WATERMARK ON THE BACK – HOLD AT ANGLE TO VIEW." The words "OFFICIAL CHECK" appear inside an ornate rectangle in the top-right corner. An elongated rectangle containing an indemnity bond statement is shown in the middle of the items. The bank's name and an incorrect address – "1806 Highway 84W, Laurel, Mississippi 39460" – are shown in the lower-left corner. The statemetn "VOID IN 90 DAYS" and the bank's name are shown above the signature area. The statement "SIGNATURE AREA CONTAINS A KNIGHT & FINGERPRINT CHECK WORDING" is shown beneath the words "AUTHORIZED SIGNATURE" below the signature area in the lower-right corner. A line of unknown numbers appears along the left border. The word "REMITTER" is in the top-left corner.

Authentic official checks have ornate borders and squared corners. They display the routing number 051900353, which is assigned to Branch Banking and Trust (BB&T), Charleston, West Virginia. Bank of Jones County issues its official checks through an account at BB&T. The following security feature statement is on two lines in the top-center area: "THIS DOCUMENT HAS AN ARTIFICIAL WATERMARK PRINTED ON THE BACK. THE FRONT OF THE DOCUMENT HAS A MICRO-PRINT SIGNATURE LINE. ABSENCE OF THESE FEATURES WILL INDICATE A COPY." The bank's logo (a segmented arch containing the bank's name) and "Laurel, MS 39440" are shown in the top-left corner. Two signature lines are displayed in the lower-right corner with the words "AUTHORIZED SIGNATURE" below both lines. "ACCEPTED BY DRAWER/DRAWEE" is shown beneath "AUTHORIZED SIGNATURE" below the second signature line. "REMITTER" and "PAYABLE THROUGH BB&T, CHARLESTON, WV" are shown in the lower-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Margaret Wilkerson
   Vice President
   1808 Highway 84W
   Laurel, Mississippi 39440
   Telephone: (601) 649-4700
   Fax: (601) 649-4709
   E-mail: margaretw@bankofjonesco.com
_______________________________________

Counterfeit Cashier's Checks
Main Street Bank Corp., Wheeling, West Virginia, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 043404647, which is assigned to Main Street Bank Corp. The items also display a security feature statement embedded in the top border and the bank's logo in the top-left corner. The words "CASHIER'S CHECK" are shown in the top-center area. A toll-free telephone number, which is not associated with the bank, is shown in the lower-left corner.

Authentic cashier's checks display the following security statement below the pay to the order of line: "THIS DOCUMENT HAS A MICRO-PRINT SIGNATURE LINE, WATERMARK AND A THERMOCHROMIC ICON; ABSENCE OF THESE FEATURES WILL INDICATE A COPY." The words "CASHIER'S CHECK" are shown in the bottom-left corner.

Any information you have concerning this matter should be brought to the attention of:
   George Krupica
   Security Officer
   Main Street Bank
   2001 Main Street Suit 100
   Wheeling, West Virginia 26003
   Telephone: (304) 232-2001
   Fax: (304) 233-4653
   E-mail: gkrupica@mymainstreetbank.com

Alternate Contact:
   Rebecca Randolph
   Operation Officer
   Main Street Bank
   2001 Main Street Suit 100
   Wheeling, West Virginia 26003
   Telephone: (304) 232-2001
   Fax: (304) 233-4653
   E-mail: brandolph@mymainstreetbank.com
_______________________________________

Counterfeit Cashier's Checks
Choice Financial Group, Grafton, North Dakota, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 091302966, which is assigned to Choice Financial Group. The items are similar to authentic cashier's checks; however, authentic cashier's checks display the bank's telephone number below the address in the top-center area and a security feature below the "PAY TO THE ORDER OF" line. Also, a padlock symbol is shown to the right of the printed word "DOLLARS."

Any information you have concerning this matter should be brought to the attention of:
   Tara Field
   Compliance Officer
   Choice Financial Group
   210 Eighth Avenue
   Langdon, North Dakota 58249
   Telephone: (701) 256-2141
   Fax: (701) 256-2401
   E-mail: taraf@choicefinancialgroup.com
_______________________________________

Counterfeit Cashier's Checks
The First National Bank of Dozier, Dozier, Alabama, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 062102849, which is assigned to The First National Bank of Dozier. The items are dissimilar to authentic cashier's checks and have ornate side borders.

Authentic cashier's checks are blue with ornate borders on all sides. The following security feature statement appears below the written dollar amount line: "THIS DOCUMENT HAS A MICRO-PRINT SIGNATURE LINE, WATERMARK AND A THERMOCHROMIC ICON; ABSENCE OF THESE FEATURES WILL INDICATE A COPY." A padlock icon and security statement are shown to the right of the word "DOLLARS" on the right side of the written dollar amount line.

Any information you have concerning this matter should be brought to the attention of:
   Linda R. Colquett
   The First National Bank of Dozier
   Post Office Box 68
   7825 South Main Street
   Dozier, Alabama 36028
   Telephone: (334) 496-3592
   Fax: (334) 496-3752
   E-mail: fnbd@fnbdozier.com
_______________________________________

Counterfeit Cashier's Checks
American Savings Bank, FSB, Honolulu, Hawaii, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 321370765, which is assigned to American Savings Bank, FSB. The items are very similar to authentic cashier's checks; however, the counterfeit items display the check number twice in the top-right corner.

Authentic cashier's checks display the check number and signature area in red print and have a "VOID" background when copied.

Any information you have concerning this matter should be brought to the attention of:
   Gary Horita
   Accounting Controller
   American Savings Bank, FSB
   P.O. Bank 2300
   Honolulu, Hawaii 96804-2300
   Telephone: (808) 539-7108
   Fax: (808) 539-7698
   E-mail: ghorita@asbhawaii.com
_______________________________________

Counterfeit Cashier's Checks
First Independent Bank, Russell, Minnesota, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The items are reportedly associated with a mystery shopper scam.

The counterfeit items display the routing number 091209247, which is assigned to First Independent Bank. The items are markedly dissimilar to authentic cashier's checks. They display a "VOID" background when copied and have dark top and bottom borders. A security feature statement and padlock icon are centered in the bottom border. A heat sensor icon is centered above the bottom border. The words "CASHIER'S CHECK" are shown inside of a rectangle with rounded corners in the top-center area.

Authentic cashier's checks have a silver foil hologram strip showing the words "FOIL STRIP HOLOGRAM" repeated across the top. Authentic checks have graduated colors from left to right of peach to green. The words "CASHIER'S CHECK" are shown inside of a rectangle with scrolled top corners. A padlock icon and security feature statement appear on the right side above signature lines.

Any information you have concerning this matter should be brought to the attention of:
   Audie Sanderson
   Cashier
   First Independent Bank
   P.O. Box 360
   Russell, Minnesota 56169
   Telephone: (507) 823-4391
   Fax: (507) 823-4398
   E-mail: asanderson@fibmn.com
_______________________________________

Counterfeit Cashier's Checks
Bank of Lexington, Inc., Lexington, Kentucky, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 042108517, which is assigned to Bank of Lexington, Inc. A security statement is embedded in the top border. A toll-free telephone number, which is not associated with the bank, is adjacent to the bank's name and logo in the top-left corner. The words "CASHIER'S CHECK" are shown in the bottom-left corner, along with a "Notice to Purchaser" disclosure. The face of the counterfeit item has preprinted lines for "REMITTER" and "PAY TO THE ORDER OF" fields, and includes both a signature line and a countersigned line.

Authentic cashier's checks display a local telephone number - "(859) 219-2900" - and have one signature line. Preprinted lines are not displayed on the face of the check, except for one signature line. The words "CASHIERS CHECK" are shown in the top center.

Any information you have concerning this matter should be brought to the attention of:
   Carrie Anderson
   Assistant Vice President
   Bank of Lexington
   761 Corporate Drive
   Lexington, Kentucky 40503
   Telephone: (859) 219-2926
   Fax: (859) 219-0414
   E-mail: canderson@bankoflexington.net
_______________________________________

Counterfeit Cashier's Checks
Decorah Bank & Trust Company, Decorah, Iowa, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 073921695, which is assigned to Decorah Bank & Trust Company. The items display a mailing address and telephone number beneath the bank's name and a logo in the top-left corner. They also display the words "CASHIER'S CHECK" in the top center and two signature lines in the lower-right corner.

Authentic cashier's checks have an indemnity notification statement located in the top center. Lines are displayed for "PAY TO THE ORDER OF" and "DOLLARS." The words "CASHIER'S CHECK" are located in the bottom-left corner.

Any information you have concerning this matter should be brought to the attention of:
   Bookkeeping
   Decorah Bank & Trust Company
   P.O. Box 380
   202 East Water Street
   Decorah, Iowa 52101
   Telephone: (563) 382-9661
   Fax: (563) 382-1559
   E-mail: info@decorahbank.com
_______________________________________

Counterfeit Cashier's Checks
Community First Bank, Butler, Missouri, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101205063, which is assigned to Community First Bank. A security feature statement is embedded in the top border and the words "CASHIER CHECK" are displayed in the top center.

Authentic checks are referred to as "BANK MONEY ORDERS." The following are displayed in the lower-left corner: "OFFICIAL BANK CHECK," "Community First Bank," "Appleton City, MO – Butler, MO" and "BANK MONEY ORDER." Printed lines are displayed for the date, remitter, payee, and written dollar amount fields. The numeric dollar amount is contained in a box.

Any information you have concerning this matter should be brought to the attention of:
   Douglas E. Scheilz
   Bank Secrecy Act Officer
   Community First Bank
   P.O. Box 405
   915 W. Fort Scott Street
   Butler, Missouri 64730
   Telephone: (660) 679-3135
   Fax: (660) 679-6653
   E-mail: dscheilz@communityfirstbank.net

Discovery Conference Report: Safe Work Environment

Commit to a Safe Work Environment
Workers’ Compensation Experts Tout Benefits of Education In Preventing Workplace Accidents

A commitment to safety and health in the workplace from top management and the establishment of a proactive return to work program can help prevent workplace injuries and reduce the duration and cost of disabilities, a panel of workers’ compensation experts told a Discovery Conference audience Friday.

Participating on the panel were Jim Hunt, underwriting specialist in CUNA Mutual Group’s Credit Union Protection division, and Liberty Mutual’s Kurt Salter, account consultant, national market loss prevention; Paul Bedrosian, service director; and Fred Filiaggi, Midwest loss prevention manager. Discovery Conference runs through Saturday at The Westin Diplomat.

“Top management, supervisors, and all employees play a critical role in injury prevention,” Salter said. “Identifying causes for common workplace injuries and taking steps to mitigate those risks can greatly decrease incidents of injury. Very often, these are very simple solutions.”

Liberty Mutual research indicated injuries caused by overexerting oneself through excess lifting or pushing was the most common cause of disabling workplace injuries in 2005, and CUNA Mutual’s claims data supports those findings, Hunt said.

For example, research found employees moving 50-pound bags of coins often use two-wheel hand trucks. Those don’t work well, because bags tend to roll onto the floor. Dropped bags require employees to bend over and pick them up, which frequently results in back and shoulder problems. The simple solution: use low profile, four-wheel carts and educate employees on proper posture and lifting techniques.

Salter encouraged the use of educational resources, such as CUNA Mutual’s Workers Safety Web page, to make for a better, safer workplace.

When injuries do occur, a supervisor’s response can play a key role in helping employees return to work, Filiaggi said. “Immediate response by supervisors to employees’ reports of work-related discomfort significantly influences length of disability.”

Negative supervisor attitudes and practices can impede return to work and rehabilitation for injured employees. Research indicates that in such cases employees often perceived that their supervisors:
▫ Blamed the employee for the injury
▫ Never contacted the employee after the injury
▫ Didn’t speak with the employee privately
▫ Discouraged the employee from filing a claim
▫ Didn’t believe the symptoms were real
▫ Were angry with the employee for being injured
▫ Didn’t try to work out solutions with the employee
▫ Supervisors responding positively to reports of work-related discomfort can have significant and independent effects on disability outcomes, Filiaggi said. “It’s very important to communicate regularly and positively with employees. Show them you care, encourage them and tell them you look forward to their return to work.”

Employees will get back to work sooner and reduce the amount of workers’ compensation claims and the credit union’s overall economic loss.

A recent Liberty Mutual study found that supervisors trained to properly respond, communicate and problem-solve with employees reduced new disability claims by 47 percent and active lost-time claims by 18 percent.

Filiaggi stressed that all parties have a role in returning an injured worker back to a productive environment. “Credit unions need to report claims quickly, help direct medical care and provide alternative duty to workers who can work, but can’t yet do all the functions of their everyday job,” he said.

“Liberty Mutual strives to ensure all parties understand their role and to then apply our industry-leading expertise to coordinate efforts to manage medical costs and provide for the earliest possible return to work,” Filiaggi said.

CUNA Mutual formed an alliance in 2007 with Liberty Mutual, a recognized leader in workers’ compensation insurance and currently the second largest workers compensation insurer in the U.S. “The alliance has allowed CUNA Mutual to expand workers’ compensation insurance in all 50 states and the District of Columbia, Hunt said. “It’s a nice fit.”

FDIC Fraud Alerts 6-23-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Cashier's Checks
L&N Federal Credit Union, Louisville, Kentucky, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The items are reportedly associated with a secret shopping scam.

L&N Federal Credit Union does not issue cashier's checks. It does, however, issue official checks. The counterfeit items display the routing number 011007092, which is assigned to Boston Safe Deposit & Trust Company, Boston, Massachusetts. L&N Federal Credit Union's official checks are issued by Moneygram Payment Systems, Inc., Minneapolis, Minnesota, through an account at Boston Safe Deposit & Trust Company. The counterfeit items are dissimilar to authentic cashier's checks.

The counterfeit items display the following security feature statement embedded in a darkened top border: "FOR SECURITY PURPOSES THE FACE OF THIS DOCUMENT CONTAINS A COLORED BACKGROUND AND MICROPRINTING IN THE BORDER." A security statement is also shown along the bottom border between two padlocks. The words "CASHIER'S CHECK" appear inside of a rectangle in the top-right area. The items have a "VOID" background when copied.

Authentic cashier's checks are dark blue and have a block-patterned background. The top and side borders are scroll with solid squares in the top corners and solid circles in the bottom corners. A rectangle containing the words "OFFICIAL CHECK" is below the top border and centered between the following security feature statements: "THIS DOCUMENT HAS AN ARTIFICIAL WATERMARK PRINTED ON THE BACK. THE FRONT OF THE DOCUMENT HAS A MICRO-PRINT SIGNATURE LINE. ABSENCE OF THESE FEATURES WILL INDICATE A COPY."

Any information you have concerning this matter should be brought to the attention of:
   Sharon Cummings
   Vice President of Administration
   L&N Federal Credit Union
   9265 Smyrna Parkway
   Louisville, Kentucky 40229
   Telephone: (502) 515-8329
   Fax: (502) 515-8390
   E-mail: Sharon.Cummings@lnfcu.com
_______________________________________

Counterfeit Money Orders
Plains State Bank, Plains, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit money orders bearing the institution's name are in circulation.

The counterfeit items display the routing number 111323207, which is assigned to Plains State Bank. The items are dissimilar to authentic money orders. The items have a blue marbled background and a six-digit money order number. The bank's logo, name and an incorrect postal number address, "P.O. BOX 519, PLAINS, TEXAS 79335," are in the lower-left corner. On the reverse side of the item, the words "CHECK PROTECT" are printed in yellow in a diamond pattern.

Authentic money orders are made of light blue safety paper and have scroll double-lined borders. The money order number is five-digits. The bank's logo, name and postal address, "P.O. BOX 549, PLAINS, TEXAS 79355," are in the lower-left corner. On the reverse side of the item, a security statement is printed in blue ink and endorsement lines that contain the micro printed words "ORIGINAL DOCUMENT" are shown in white script lettering.

Any information you have concerning this matter should be brought to the attention of:
   Larry K. Mason
   President
   Plains State Bank
   601 9th Street
   P.O. Box 549
   Plains, Texas 79355
   Telephone: (806) 456-2022
   Fax: (806) 456-2052
   E-mail: lkmason@psbplains.com

FDIC Fraud Alerts 6-20-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Cashier's Checks
Cumberland Valley National Bank & Trust Company, East Bernstadt, Kentucky, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The items are reportedly associated with e-bay and other Internet purchasing scams.

The counterfeit items display the routing number 042104825, which is assigned to Cumberland Valley National Bank & Trust Company. The items are dissimilar to authentic cashier's checks and have a "VOID" background when copied. The counterfeit items display the following security feature statement embedded in a darkened top border with rounded corners: "THIS CHECK IS VOID WITHOUT A BLUE & BURGUNDY BACKGROUND AND AN ARTIFICIAL WATERMARK ON THE BACK – HOLD AT ANGLE TO VIEW."

Authentic cashier's checks are green and have a white background. They display the following security feature statement embedded in the darkened top square-cornered border: "THE FACE OF THIS DOCUMENT HAS A COLORED PANTOGRAPH." The following statement is embedded in a darkened bottom border: "WARNING: DO NOT ACCEPT THIS DOCUMENT UNLESS YOU CAN SEE A GHOSTMARK ON THE BACK WHEN HELD AT A 45 DEGREE ANGLE TO THE LIGHT."

Any information you have concerning this matter should be brought to the attention of:
   Joe Schenkenfelder
   Bank Security Officer
   Cumberland Valley National Bank & Trust Company
   P.O. Box 709
   London, Kentucky 40743
   Telephone: (606) 878-7010, extension 7336
   Fax: (606) 877-3028
   E-mail: JSchenkenfelder@CVNB.com

Alternate Contact:
   Karen Greene
   Internal Auditor
   Cumberland Valley National Bank & Trust Company
   P.O. Box 709
   London, Kentucky 40743
   Telephone: (606) 878-7010, extension 7313
   Fax: (606) 878-8991
   E-mail: KarenGreene@CVNB.com
_______________________________________

Counterfeit Cashier's Checks
The Lawrence Bank, Lawrence, Kansas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 101114895, which is assigned to The Lawrence Bank. The items are markedly dissimilar to authentic cashier's checks. The items are green and display a "VOID" background when copied. The security feature statement "FOR SECURITY PURPOSES THE FACE OF THIS DOCUMENT CONTAINS A COLORED BACKGROUND AND MICROPRINTING IN THE BORDER" is centered and embedded in a darkened top border. A security statement is also shown along the bottom border between two padlocks. The words "CASHIER'S CHECK" and an indemnity bond statement are in the top center. The bank's name and logo are shown in a darkened rectangle in the top-left corner. The bank's name (repeated) and the statements "Payable Through Lawrence Bank, Lawrence, KS" and "For Inquires call 1-800-373-0868" are in the top-left corner. The toll-free telephone number is not associated with the bank. Two signature lines are in the lower-right corner. "AUTHORIZED SIGNATURE" is shown below the first signature line and "COUNTERSIGNED" below the second. "REMITTER" appears in the lower-left corner and "Operator I.D." in the top-right corner.

Authentic checks are blue and have a foil strip across the top. The security feature statement "This document has a colored background, Foil Accent and a backside authentic watermark; absence of these features will indicate a copy" is in italic print and centered below the written dollar amount line. A padlock icon and vertical security statement appear on the right side. "CASHIER'S CHECK" appears in the lower-left corner. The bank's logo (a dark rounded square containing a four-point white star), name, location and telephone number, "785-838-9704," are top centered. The word "REMITTER" appears in the top-left corner and one signature line is displayed in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Vickie L. Knight
   Executive Vice President
   The Lawrence Bank
   3500 Clinton Parkway
   Lawrence, Kansas 66047
   Telephone: (785) 856-9411
   Fax: (785) 865-2999
   E-mail: vknight@lawrencebank.com
_______________________________________

Counterfeit Cashier's Checks
The Bank of Glen Burnie, Glen Burnie, Maryland, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 055003133, which is assigned to The Bank of Glen Burnie. The items are markedly dissimilar to authentic cashier's checks. The following security feature statement is embedded in a dark blue top border with rounded corners: "FOR SECURITY PURPOSES, THE FACE OF THIS DOCUMENT CONTAINS A COLORED BACKGROUND AND MICROPRINTING IN THE BORDER." A security statement is also shown along the bottom border between two padlocks. The bank's logo, name, and the statements "Payable Through Bank of Glen Burnie, Glen Burnie, MD" and "For Inquires call (888) 862-6494" are shown in the top-left corner. Note that the telephone number shown is not actually associated with the bank. The words "CASHIER'S CHECK" and an indemnity bond statement are in the top center. The counterfeit items have two signature lines with "AUTHORIZED SIGNATURE" printed below the first line and "COUNTERSIGNED" printed below the second. The word "REMITTER" appears in the lower-left corner and a "VOID" background is displayed when copied.

Authentic cashier's checks are pink and graduate to light green. A dark spiral strip is shown across the top. A box containing the following security feature statement is centered in the lower portion: "The security features on this document include: a colored background, micro-print signature line, and a high resolution border: absence of these features will indicate a copy. If copied the word "Void" may also appear across face of document." The bank's logo, branch office location, name and location are shown in the lower-left corner. The word "REMITTER" is in the top-left corner and there is only one signature line.

Any information you have concerning this matter should be brought to the attention of:
   Joyce Ohmer
   Senior Vice President
   The Bank of Glen Burnie
   106 Padfield Boulevard
   Glen Burnie, Maryland 21061
   Telephone: (410) 787-8566
   Fax: (410) 787-8580
   E-mail: jaohmer@bogb.net
_______________________________________

Counterfeit Cashier's Checks
Portage Community Bank, Ravenna, Ohio, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The items are reportedly associated with a secret shopping scam.

The counterfeit items display the routing number 041215498, which is assigned to Portage Community Bank. The items are markedly dissimilar to authentic cashier's checks. The counterfeit items display the following security feature statement embedded in a darkened top border with rounded corners: "FOR SECURITY PURPOSES THE FACE OF THIS DOCUMENT CONTAINS A COLORED BACKGROUND AND MICROPRINTING IN THE BORDER." Another security statement appears along the bottom border between two padlock icons. The words "CASHIER'S CHECK" are in the top-left corner. The bank's logo, name, city, state and a toll-free telephone number ("1.888.360.9571"), which is not associated with the bank, appear in the top center. The numeric dollar amount is shown in a rectangular box on the right side and "RE" is printed in the lower-left corner.

Authentic cashier's checks are burgundy and display the following security statement within the top border: "SECURITY FEATURES ARE INCLUDED. DETAILS ON BACK." A security padlock is shown in the lower-right corner. The bank's logo name, address and the word "REMITTER" are in the top-left corner. The words "CASHIER'S CHECK" appear in the top center. The statement "VOID AFTER 60 DAYS" is shown above the signature line.

Any information you have concerning this matter should be brought to the attention of:
   Jill Conard
   Vice President
   Portage Community Bank
   1311 East Main Street
   Ravenna, Ohio 44266
   Telephone: (330) 296-8090
   Fax: (330) 296-6082
   E-mail: jconard@pcbbank.com
_______________________________________

Counterfeit Money Orders
BankNewport, Newport, Rhode Island, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit money orders bearing the institution's name are in circulation. The item is reportedly associated with a mystery shopping scam.

The counterfeit items display the routing number 102000979, which is assigned to JP Morgan Chase Bank, N.A., Denver, Colorado. BankNewport issues its money orders through Integrated Payment Systems, Inc., Englewood, Colorado, using a payable-through account at JP Morgan Chase Bank, N.A. The items are markedly dissimilar to authentic money orders. The counterfeit items display a security padlock icon and security statement above the numeric amount box in the top-right corner. "NOT VALID OVER $5,000.00" is shown below the written dollar amount. "REMITTER" is centered below the signature line.

Authentic money orders display a security padlock icon and statement in the lower-right corner. "NOT VALID OVER $2,500.00" is shown below the written dollar amount. "REMITTER" is below the left side of the signature line.

Any information you have concerning this matter should be brought to the attention of:
   Denise Tansey
   Vice President and Security Manager
   Bank Newport
   528 West Main Road
   Middletown, Rhode Island 02842
   Telephone: (401) 845-8717
   Fax: (401) 849-6920
   E-mail: denise.tansey@banknewport.com
_______________________________________

Counterfeit Cashier's Checks
Peoples State Bank, Lake City, Florida, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The items are reportedly associated with a sweepstakes award scam.

The counterfeit items display the routing number 063114425, which is assigned to Peoples State Bank. The items are markedly dissimilar to authentic cashier's checks. They are pink and blue in color. The following security feature statement is embedded in the top border in blue print: "THIS CHECK IS VOID WITHOUT A RED & BLUE BORDER AND BACKGROUND PLUS A KNIGHT & FINGERPRINT WATERMARK ON THE BACK – HOLD AT ANGLE TO VIEW." The words "CASHIER'S CHECK" are in the top center. A logo, the bank's name, the phrase "Founded 1925," the bank's address and a telephone number ("1-450-675-6532"), which is not associated with the bank, are in the top-left corner. The following security feature statement appears below the signature area: "SIGNATURE AREA CONTAINS A KNIGHT & FINGERPRINT CHECK WORDING." The back of the counterfeit item has an endorsement area containing a pink knight icon, the wording "FINGERPRINT SECURITY," and a pink heat sensor with the words "PAPER CERTIFIED" at the top and bottom.

Authentic cashier's checks have a scroll top border with a centered elongated foil hologram containing the words "ORIGINAL FINANCIAL INSTRUMENT." The bank's logo (the bank's name inside a house), telephone number ("386-754-0002") and address are in the top-center area. The following security feature statement appears below the written dollar amount line: "THIS DOCUMENT HAS A MICRO-PRINT SIGNATURE LINE, WATERMARK AND A THERMOCHROMIC ICON; ABSENCE OF THESE FEATURES WILL INDICATE A COPY." The words "CASHIER'S CHECK" are shown in the lower-left corner. A security padlock icon and statement are shown to the right of "DOLLARS" at the end of the written dollar amount line.

Any information you have concerning this matter should be brought to the attention of:
   Cyndra Schwab
   Internal Auditor/Compliance Officer
   Peoples State Bank
   350 S.W. Main Boulevard
   Lake City, Florida 32025
   Telephone: (386) 487-1357
   Fax: (386) 754-0919
   E-mail: cschwab@psb.biz

Discovery Conference Report: Engaging Indirect Borrowers

CUNA Mutual Pilot Helps CUs Engage Indirect Borrowers
Discovery attendees hear how outbound calling strategy aided profitability

In an effort to help credit unions turn “one-and-done” indirect borrowers into long-term, profitable members, a CUNA Mutual Group pilot yielded promising results and several important findings from which credit unions can build strategies, according to a recently published white paper.

“Developing Members from Indirect Borrowers: Lessons Learned” provides insights into how 13 pilot credit unions went about building multi-product relationships with members through a dedicated call center staffed with trained, full-time outbound-call representatives. Results of the four-month pilot were presented at CUNA Mutual’s Discovery Conference this week.

“By investing resources to help credit unions deepen relationships with indirect borrowers, CUNA Mutual sought to address one of the industry’s biggest lending challenges,” said Heather Thiltgen, vice president, consumer programs. “The pilot identified ways credit unions could engage indirect borrowers by introducing other credit-related products to meet their needs and save them money.”

The most successful product offered indirect borrowers in the pilot was a line of credit, which had a 28 percent sales rate. Credit cards netted a 17 percent sales rate and auto refinances had a 15 percent rate. The average line of credit was $2,098; credit cards $5,005 and auto loan refinance, $16,140.

Key findings from the pilot included:

▫ Members welcome phone calls from their credit union. Outbound call representatives received positive responses from members when they identified themselves as representatives of the credit union.

▫ The phone call has a relationship-building effect even if the initial call doesn’t deepen the relationship.

▫ The pilot’s pre-screening process enabled credit unions to obtain a member profile with valuable data that helped matched products to member needs.

▫ A key finding of the study is that credit unions can find success with outbound calling in indirect auto lending. New members view it as a personal touch.

Amplify Credit Union, the pilot’s early adopter, derives 50 percent of its new membership through indirect borrowers. The Austin, Texas-based credit union has $465 million in assets and 42,000 members.

“The pilot was very well done in that CUNA Mutual devoted proper resources, time and energy that delivered a program from which we could all benefit,” said Pierre Cardenas, Amplify’s senior vice president-retail. “The most interesting outcome for us was that call center personnel who weren’t our employees were just as effective as our employees. Our members responded very positively, which indicates outsourcing this in the future might be worth considering.”

In deepening relationships with indirect borrowers, Thiltgen recommended credit unions implement some of the best practices CUNA Mutual incorporated into the pilot, including:
▪ Dedicating resources to make the program successful;
▪ Verifying regulatory compliance surrounding use of credit data;
▪ Obtaining necessary technology/systems support;
▪ Tracking results;
▪ Pricing for the relationship; and
▪ Remembering that auto loans are seasonal and considering other outbound opportunities such as new-member on-boarding programs.

“The pilot produced some interesting results on what appealed to indirect borrowers, such as, the success of an auto-loan closing was best when the member saved at least $20 a month,” said Thiltgen. “Also, those with higher credit scores were least likely to accept card offers, and line of credit offers were the most successful, which might be related to the sense of security it creates ‘just in case’ something happens.”

“Above all, the pilot validated that our outbound-calling strategy to rein in these new members was on the right track,” added Cardenas. “This proactive approach to on-boarding indirect borrowers is the wave of the future. Credit unions can’t afford not to engage these members, or any other new members coming from other channels for that matter.”

Discovery Conference Report: ID Theft ‘Red Flag’ Rules

Deadline Looms for Implementing New ID Theft ‘Red Flag’ Rules
Risk experts tell discovery attendees a tailored program will protect credit unions, members

Discovery Conference attendees were reminded Thursday to implement new identity theft “red flag” rules as required by the Federal Trade Commission and other federal financial institution regulatory agencies by Nov. 1, 2008, and to develop prevention measures based on their credit union’s own ID theft situation.

Ken Otsuka, risk manager for CUNA Mutual Group, and Jenny Champagne, vice president of regulatory development and education for the National Association of State Credit Union Supervisors, told a Discovery breakout session that proper implementation of sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) will help protect credit unions and their members against identity theft. Discovery Conference runs through Saturday at The Westin Diplomat.

Identity theft, defined as fraud attempted or committed using identifying information of another person without authority, results in billions of dollars in losses each year to individuals and businesses, according to a report of the President’s Identity Theft Task Force.

Champagne said implementing a successful ID theft prevention program will help credit unions mitigate reputation risk, which is a key aspect of examinations. “Regulators are also paying attention to due diligence, so a regular review of your ID theft program should include assessments of third party service providers.”

The FACT Act was signed into law in December of 2003, and includes a number of provisions that protect consumers against identity theft. “Among others, these include giving consumers the right to receive their credit report free of charge from the three major credit bureaus; requiring truncation of credit and debit card numbers on receipts; and providing ID theft victims the ability to place a fraud alert on their credit report,” she said.

To meet Section 114, credit unions are required to develop a written Identity Theft Prevention Program to detect, prevent, and mitigate identity theft in connection with the opening of a covered account or any existing covered account, Champagne said.

“Covered accounts include business and consumer accounts such as credit cards, mortgage loans, automobile loans, margin accounts, cell phone accounts, utility accounts, checking accounts, and savings accounts,” she said.

The prevention program must be approved by the credit union’s board of directors and include policies and procedures that detect red flags and help answer the questions, ‘Who will be responsible for detecting red flags?’ and ‘How will they detect the red flags?’”

Supplement A to Appendix J of the FACT Act contains five categories of red flags with a number of examples within each category. These include:
· Alerts, notifications, or warnings from a consumer reporting agency
· Suspicious documents
· Suspicious personal identifying information
· Unusual use of, or suspicious activity related to, the covered account
· Notice from customers, victims of ID theft, law enforcement authorities, or other persons regarding possible ID theft in connection with covered accounts

Credit unions should be capable of responding appropriately to any red flags that are detected to prevent and mitigate identity theft and should update the procedures periodically to reflect changes in risks from identity theft,” Otsuka said.

He cautioned there is not a one-size-fits-all solution. “The program must be tailored to the size of the credit union and the complexity of its operation. The credit union must also ensure oversight in the development, implementation and administration of the program, staff training and overseeing service provider arrangements.”

Otsuka suggested forming a risk assessment team to review all operational areas within a credit union to identify the types of red flags that could surface within each area such as new accounts, loans or call centers. “A credit union should factor in its own experience with ID theft losses and consider credit union industry losses to the degree possible.”

Staff training is critical. “It’s important for staff to first understand the various forms of identity theft, how they are perpetrated and the red flags that are raised within each type. If they understand the nature of the losses themselves, it will be easier for them to spot red flags,” he said.

The final red flag rules can be obtained at http://www.ftc.gov/opa/2007/10/redflag.shtm.

Discovery Conference Report: Baby Boomers Retirement

Baby Boomers’ Retirement Requires Credit Union Strategy
Ignore their needs and your relevance will erode, Discovery attendees told

Credit unions should care about and prepare for the surge of Baby Boomers converging on their retirement years, attendees of CUNA Mutual Group’s Discovery Conference were told Thursday.

“To not have a strategy for the largest generation in U.S. history will lead to erosion of a credit union’s relevance and economic viability,” said Scott Knapp, vice president, Retirement Services and Strategy, CUNA Mutual. “This is a matter of importance that should be addressed at the highest level of the credit union.”

Knapp told Discovery Conference attendees members nearing retirement are “scared to death” about not having enough money during retirement and that society has “over committed” to Baby Boomer retirement and won’t be able to deliver on many benefits. In a Gallup poll, 63 percent of Baby Boomers said they were concerned about not having enough money for retirement and more than half were worried about being able to pay for medical costs.

“Your active members near retirement are very concerned about Social Security and Medicare’s future. If you are going to remain relevant to those members and as a financial institution, you have to address the issue of retirement for them.”

Knapp said the majority of people are not saving the right amount for retirement. “That’s the easiest part of preparing for retirement, but few are getting it right. The hardest part is converting that accumulation of assets in order to sustain your retirement years. Building that plan is hard.”

Credit unions need to step up and help members against some of the major retirement risks, including how to avoid outliving your money, taking out too much, health care concerns and protecting against inflation, to name a few, Knapp said.

“Credit unions of all sizes need to play some role in helping those members through the difficult part. Position your credit union as a retirement resource center, providing investment, insurance and other services that address the retirement risk and management challenges,” Knapp said. “Adopt a comprehensive retirement strategy, communicate it to employees and train them to help members address their retirement needs. Partnering with a vendor to offer a product menu during your members’ pre-retirement years is a good way to address these challenges ahead of time.”

Another way to grow membership is to offer retirement planning services to your credit union’s SEG groups before retirement, Knapp said. He also recommended selling 401(k) programs to those employers as a way to establish and long-term, sustainable relationship with an employer and their employees.

“A strategy to address your members’ retirement needs is crucial, or at retirement they will walk out of your branches forever,” Knapp said. “This is an issue that affects your capital investment strategy, marketing, distribution and essentially the future of your credit union.”

Recognized as a premier hands-on professional development conference for credit union leaders, CUNA Mutual’s Discovery Conference offers more than 55 work sessions that deliver relevant content and actionable takeaways. Credit union leaders also benefit from the extraordinary networking and hands-on learning opportunities.

FDIC Fraud Alerts 6-17-08

The FDIC has issued alerts on circulation of fraudulent checks bearing the names of the following institutions (with routing numbers):
_______________________________________

Counterfeit Official Checks
Elsa State Bank and Trust Company, Elsa, Texas, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. The items are reportedly associated with a lottery scam and are included with correspondence from a "Consumer's Reward Program Lottery."

Elsa State Bank and Trust Company does not issue official checks. It does, however, issue cashier's checks. The counterfeit items display the routing number 114922142, which is assigned to Elsa State Bank and Trust Company. The items are markedly dissimilar to authentic cashier's checks. The following security feature statement is centered and embedded in a darkened top border: "FOR SECURITY PURPOSES THE FACE OF THIS DOCUMENT CONTAINS A COLORED BACKGROUND AND MICROPRINTING IN THE BORDER." A security statement is also shown along the bottom border between two padlocks. The words "OFFICIAL CHECK" appear in the top center. The bank's name is shown as "ELSA STATE BANK & TRUST" in the top-left corner. The word "COMPANY" is missing from the name. The bank's name is repeated in the lower-left corner. The following statements are above the signature and are in the lower-right corner: "NOT VALID AFTER 90 DAYS (3 MONTHS)" and "NOT VALID OVER $10,000 UNLESS COUNTERSIGNED."

Authentic cashier's checks display the routing number 051900353, which is assigned to Branch Banking and Trust Company (BB&T), Charleston, West Virginia. Elsa State Bank and Trust Company issues its cashier's checks through an account at BB&T. The following security feature statement is centered below the top border: "THIS DOCUMENT HAS AN ARTIFICIAL WATERMARK PRINTED ON THE BACK. THE FRONT OF THE DOCUMENT HAS A MICRO-PRINT SIGNATURE LINE. ABSENCE OF THESE FEATURES WILL INDICATE A COPY." The words "CASHIER'S CHECK" are in the top-right corner. A "NOTICE TO CUSTOMERS" regarding an indemnity bond statement is shown in the top-left corner. The bank's name ("ELSA STATE BANK & TRUST COMPANY") and address are in the top center. The following branch locations are listed on the lower-left side: "ELSA, TX; RIO GRANDE CITY, TX; ROMA, TX; EDCOULCH, TX." "PAYABLE THROUGH BB&T, CHARLESTON, WV" is shown in the lower-left corner. The statements "TWO SIGNATURES REQUIRED OVER $10,000" and "ISSUER ACCEPTS AS DRAWER/DRAWEE" appear below two signature lines in the lower-right corner.

Any information you have concerning this matter should be brought to the attention of:
   Irma Solis
   Bookkeeper
   Elsa State Bank & Trust Company
   300 West Edinburg Avenue
   P.O. Box 397
   Elsa, Texas 78543-0397
   Telephone: (956) 262-1391
   Fax: (956) 262-4768
   E-mail: irmasolis@elsastatebank.com
_______________________________________

Counterfeit Cashier's Checks
West Coast Bank, Lake Oswego, Oregon, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 123200088, which is assigned to West Coast Bank. The items are very similar to authentic cashier's checks.

Authentic checks have a foil strip with a hologram embedded across the top. The counterfeit items do not have a hologram imbedded in the strip across the top. In addition, on authentic checks the words "SECURITY DOCUMENT" are repeatedly displayed as a background pattern.

Any information you have concerning this matter should be brought to the attention of:
   Jeffrey Korte
   Corporate Security Manager
   West Coast Bank
   P.O. Box 8000, Mail Stop 150-11
   Wilsonville, Oregon 97070
   Telephone: (503) 454-3377
   Fax: (503) 454-3353
   E-mail: kortej@wcb.com
_______________________________________

Counterfeit Cashier's Checks
First Lincoln Federal Credit Union, Lincoln, Nebraska, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 304982439, which is assigned to First Lincoln Federal Credit Union. The items are dissimilar to authentic cashier's checks. The items may vary with the words "CASHIER'S CHECK" shown or not shown in a rectangular box incorporated in the center of the top border. Some counterfeit items display a telephone number that is not associated with the bank ("1-888-214-2033") below the bank's address. The counterfeit items have scrolled top and side borders and have a patterned light blue hexagonal background. The embossed numeric dollar amount is printed red. The back of the counterfeit items is white with blue lines and displays the following sentence: "This check is void without a patterned background on front."

Authentic cashier's checks are light green with blue print and red check numbers. The top and bottom edges are perforated. The following security feature statement is embedded in a dark blue top border: "Warning: The back of this document is blue and has a LineMark lines in the paper that change from dark to light in reflected light." The bank's telephone number ("(402) 466-4040") appears below the bank's address in the top portion of the checks. The back of the check is blue with black li