CU Settles Strike And Reopens Shuttered Branch
GADSEN, Ala.-A strike at Community CU here has been settled and a branch of the credit union that had been closed has since reopened. Both management of the CU and union officials declined to comment on terms of the settlement. Employees had gone out on strike June 1.
Florida CUs Fall Prey To ATM Check Scam Ring
JACKSONVILLE, Fla.-Authorities believe they have cracked a ring that has been depositing stolen, counterfeit or dormant checks into ATMs with legitimate accounts, then withdrawing or using the funds to make fraudulent purchases.
The ATM cards at VyStar CU, Community First CU and other credit unions were provided by members in exchange for a percentage of the funds withdrawn.
The members, who were paid as much as $500 for their cards, often report their cards stolen or lost after the thefts. Many are reimbursed for losses they claim. As many as 100 accounts have been involved. The scheme is similar to one in San Diego where a local gang was recruiting legitimate members of Navy FCU to give them their debit or ATM cards numbers, then draining funds from the accounts before the cards were reported stolen.
At least five individuals have been arrested in the Jacksonville case so far with more expected, according to police.
