MADISON, Wis. — A call center supervisor reacting to a CUNA Mutual alert about a sophisticated fraud scheme aimed at home equity lines of credit thwarted a potential loss of $548,000.

Fraudsters apparently using public records and other methods have been targeting holders of large HELOCs for several months, using telephone calls, faxes and e-mails in sometimes convincing fashion.

CUNA Mutual said its staff has issued two e-mail alerts and made nearly 2,700 calls to credit unions about the scheme and said the effort appears to be paying off.

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