Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Special Alerts




Special Alerts

SA-16-2004
March 3, 2004


TO: CHIEF EXECUTIVE OFFICER (also may be of interest to Security Officer)
SUBJECT: Deceptive Claims of FDIC Insurance Coverage
Summary: Global Credit Bank and Trust Company, Bloomington, Illinois, is falsely representing to potential customers on its Web site that it is a member of the FDIC.

The Federal Deposit Insurance Corporation (FDIC) was recently notified of an entity that is unlawfully advertising FDIC membership on its Internet Web site. It appears that the Web site is operated by Global Credit Bank and Trust Company, Bloomington, Illinois. Specifically, the Web site includes the phrase "Member FDIC." Please be advised that the FDIC does not insure this entity or any products or services it may offer.

Any information about this entity may be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-4040, Washington, D.C. 20429, or forwarded electronically to alert@fdic.gov.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2004/index.html. To learn how to automatically receive FDIC Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/news/news/announcements/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).




Last Updated 3/03/2004 communications@fdic.gov