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RISK ALERT: Fraudulent Checks Warning!

7/19/2021

 
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​Water and Power Community Credit Union in California has notified the Leagues about a series of fraudulent checks that are in circulation; be on the lookout for these identifiable signs. 
Water and Power Community Credit Union, Los Angeles, CA, has notified the Leagues it has become aware of a series of fraudulent checks bearing the institution’s name that are in circulation.
 
Fraudulent checks are identified by the following:
  • Checks have been for various amounts ranging from approximately $1,845.49 up to $4,775.49.
  • Checks are similar to the credit union’s cashier’s checks, but various elements are inaccurate; fraud checks have the words CASHIER’S CHECK slightly below the credit union’s address line; legitimate checks are directly adjacent to the address line.
  • The issue dates on the fraud checks range from 06/23/2021 to 07/06/2021.
  • All fraud checks with the 06/23/21 issue date came in for payment of $2,930.00; ones for 06/28/21 issue date was for $2,450.00; ones with 07/01/21 were for $1,845.49 and $1,980.35; and all have the payee name, in addition to underneath the payee it says: RE: “Wendy Li.”
  • Fraudulent items with an 07/06/21 issue date came in for payment in the amount of $4,775.49 with two signatures. The “RE: Wendy Li” are not on those and the credit union does not require two signatures for checks under $20,000.00.
  • The fraud checks have security feature writing at the top of the checks; the credit union’s legitimate checks do not, the security info is on the back on the check.
  • All legitimate checks are a fading blue color, with a bold blue border around the top and bottom of the check.

​The credit union reports that a total of 30 fraudulent checks have been presented for payment.  To verify check authenticity, contact the credit union’s Member Contact Call Center at 800.300.9728 option-2.

Finally, be sure to share this information with your front-line workers so they can be on the lookout! 

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  • Advocacy
    • Bill Tracking
    • Grassroots Action Center
    • Political Fundraising
  • Compliance
    • Compliance Resources
    • Compliance Solutions >
      • AffirmX
      • ComplySight
      • CU CMS
      • CU PolicyPro
      • InfoSight360
      • Jackson Lewis
      • PayLynxs
      • RecoveryPro
      • ViClarity
      • Training
    • The Memo: Compliance
  • Member Resources
    • DakCU Awards
    • Financial Well-Being for All
    • Professional Development >
      • Chapters
      • Emerging Leader Program
      • Sales CU Training
    • Strategic Partners >
      • CAP Program Directory
      • Compliance Solutions
      • Pee Wee and Friends®
    • Credit Union Awareness
  • News & Events
    • The Memo
    • Events Calendar
    • GAC
    • New Ideas
    • Par for the PAC
    • Sales CU Training
  • About Us
    • Board of Directors
    • Contact Us
    • DakCU Foundation >
      • Donor Wall
      • Foundation Golf Scramble
      • Memorials
      • Foundation Sweepstakes
    • DakCU Health Benefits Trust