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Special Alerts

SA-94-2007
April 23, 2007


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks bearing the name Credit Union Central Falls, Central Falls, Rhode Island, are reportedly in circulation.

Credit Union Central Falls, Central Falls, Rhode Island, 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 an employment scam.

The counterfeit items display the routing number 211589815, which is assigned to Credit Union Central Falls. The items, which are dissimilar to authentic checks, include security statements within the top border. On the counterfeit checks, "CASHIER'S CHECK" is centered near the top and the credit union's street address, city, state and zip code are displayed in the upper-left corner. Printed above the lower- left corner are "Remitter" and "Issued by Integrate Payment Systems Inc, Englewood, California." In the lower-right corner is the statement "Two signatures required for more than $10,000."

Authentic checks display the routing number 096016765, which is assigned to U.S. Bank, St. Paul, Minnesota. Official checks are issued by Moneygram Payments Systems, Inc., Minneapolis, Minnesota, through an account at U.S. Bank. Security feature statements appear directly below the top border, and "OFFICIAL CHECK" is printed below those statements. The credit union's logo, name, city and state are printed in the upper-left corner. Above two signature lines, "DRAWER: Credit Union Central Falls" is displayed.

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:

Stephen P. Ormerod
Assistant Vice President of Security
Credit Union Central Falls
1005 Douglas Pike
Smithfield, Rhode Island 02917
Telephone: (401) 233-4725
Fax: (401) 233-4758

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-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/2007/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Attachment (not available electronically)

NOTE: As a security precaution, the FDIC does not post to its Web site electronic images of fraudulent items or authentic checks that have been counterfeited. This is to avoid attempts by others to use these instruments to facilitate additional fraud. Financial institutions can view images of the fraudulent items and authentic checks (marked as VOID) using the FDIC's free, secure Web site, FDICconnect. (See more information about FDICconnect at http://www.fdic.gov/news/news/financial/2006/fil06032.html.) Printed copies of each Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center (telephone: 1-877-275-3342 or 703-562-2200; fax: 703-562-2296; or e-mail: publicinfo@fdic.gov).

Distribution: FDIC-Supervised Banks (Commercial and Savings)




Last Updated 4/23/2007 communications@fdic.gov