N.J. Police ID Suspect in N.J. CU Auto Loan Fraud

DEPTFORD, N.J. – A woman has been identified by the Deptford Police Department in Southern New Jersey as the person who has been allegedly attempting to defraud several credit unions by using false identification to originate large auto loans for vehicles that did not exist. Posing under a false name, she had been using a counterfeit New Jersey’s driver’s license to apply for membership in credit unions. The woman was identified when she returned to South Jersey Federal Credit Union, Deptford to pick-up a check for one of the illegitimate auto loans. The red flag for the fraud originated with the staff at Camco Community FCU in Bellmawr, when irregularities in identification and loan documents were noticed. Police suspect the same woman may have unsuccessfully attempted to gain similar fraudulent loans from credit unions in Mercer and Hunterdon counties. According to a source at one of the credit unions mentioned, more people may be involved in the scheme. One arrest has been made and one person has been brought in by the police for questioning. The New Jersey Credit Union League, when advised of the situation, immediately sent out notices to all credit unions in the state, alerting them of the crime. [email protected]