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Special Alerts

SA-207-2006
July 27, 2006


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks bearing the name Cresco Union Savings Bank, Cresco, Iowa, are reportedly in circulation.

Cresco Union Savings Bank, Cresco, Iowa, 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 bear the routing number 073903286, which is assigned to Cresco Union Savings Bank, but are dissimilar to authentic checks. The counterfeit items display "CASHIER'S CHECK" in the upper-left corner just below the bank's "CUSB" logo. A telephone number, which is not associated with the bank, appears below the bank's name, city and state in the top-center portion of the items. Embedded in the top border is the statement: "THE FACE OF THIS DOCUMENT IS PRINTED GREEN – THE BACK CONTAINS A SIMULATED WATERMARK." Padlock symbols appear in the top-right and lower-right corners, and a remitter line is printed in the lower-left corner.

Authentic checks display "CASHIER'S CHECK" in the lower-left corner, and "N/K/A C US Bank" is printed along the top to the right of the bank's name and address. Authentic cashier's checks have ornate borders, and a remitter line appears in the top-left corner. "VOID AFTER 3 YEARS" is printed in the middle of the right side, and two signature lines are displayed in the lower-right corner with "AUTHORIZED SIGNATURE" printed under each line to the right side.

Copies of a counterfeit item and an authentic cashier's 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:

Brenda Oberbroeckling
Data Processing Supervisor
C US Bank
f/n/a Cresco Union Savings Bank
111 North Elm Street
Post Office Box 57
Cresco, Iowa 52136
Telephone: (563) 547-2090
Fax: (563) 547-6491
E-mail: brendao@cusb.com

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. Information 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 Web site at www.fdic.gov/news/news/SpecialAlert/2006/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
Acting 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 7/27/2006 communications@fdic.gov