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Special Alerts

August 31, 2009

TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Official Checks
Summary: Counterfeit official checks bearing the name Municipal Credit Union are reportedly in circulation.

Municipal Credit Union, New York, New York, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011007092, which is assigned to Money Gram Payment Systems, Incorporated, Minneapolis, Minnesota. Municipal Credit Union issues its official checks through Money Gram Payment Systems using an account at The Bank of New York Mellon. A security feature statement is embedded in a darkened top border and along the bottom border between two padlocks.

Authentic checks have an ornate border with a security statement below the top border. A heat-sensitive security feature is located on the left side of the check. A padlock security icon is displayed next to the signature line in the lower-right corner.

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:

Michael P. Rosano
Vice President
Security and Fraud Department
Municipal Credit Union
22 Courtlandt Street
New York, New York 10007
Telephone: (212) 238-3597
Cellular: (917) 301-4491
Fax: (212) 416-7037
E-mail: mrosano@nymcu.org

Alternate Contact:

Marcos A. Otero
Assistant Vice President
Security and Fraud Department
Municipal Credit Union
22 Courtlandt Street
New York, New York 10007
Telephone: (212) 238-3515
Cellular: (917) 658-2434
Fax: (212) 416-7021
E-mail: motero@nymcu.org

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 www.fdic.gov/news/news/SpecialAlert/2009/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
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 8/31/2009 communications@fdic.gov