CUNA Presses Feds For Help On Phony CU Scam.(Brief Article)

Spurred by the growing number of fake credit unions being advertised in newspapers by scam artists, CUNA is urging the Attorney General of the United States and the Federal Trade Commission to lead a crackdown.

The scammer or scammers, who have yet to be identified, have placed newspaper ads in at least a dozen states-Wisconsin, Utah, Pennsylvania, North Carolina, Michigan, Missouri, Washington, Indiana, Ohio, California, Colorado and Alaska-offering "hassle-free loans" to borrowers. Those who call the phone numbers in the ads hear an electronic menu of options, and a