CHARLOTTE, S.C. – South Carolina Federal Credit Union is the latest mark in what has been a disturbing trend of fraudulent Web sites using the words "credit union". According to SCFCU President/CEO Bob Dargan the bogus Web address, www.southcarolinafederalcreditunion.com, advertised guaranteed credit for a fee of $29.95 and offered various payment options including check mailing and credit payment by Internet and phone. In addition, the site was designed complete with links to offers for low-rate mortgages and refinancing. The Web site, which was launched three weeks ago, may be based out of Australia. Immediately after being alerted about the phony site SCFCU notified the proper authorities and the fake site was shut down.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
