Why Didn the Credit Union know the Cheque was Fraudulent?
It is not possible for credit union staff to confirm that a cheque is valid. Sometimes calls can be made to confirm funds on deposit in the account that the cheque is drawn on but that credit union or bank may not know whether their member/client actually wrote the cheque. The other financial institutions will also not know who the original payee of the cheque was so they cannot determine if that information has been altered. Further information on cheque fraud can be found at www.fakechecks.org and www.phonebusters.com If you believe that you may have recently deposited a fraudulent cheque or other negotiable item, please contact your credit union immediately. If you believe you have been the victim of, or are currently being solicited by a fraudster, contact your local police department.
