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NEW MORTGAGE WEB SITE FOR YOU.
Check it out at: www.cccumortgage.com
We think you will find our loan rates to be very competitive. In addition we have experienced loan officers that will look out for your best interest. You will also find value in knowing that you can talk to us face-to-face. If you have a problem, you will deal with the people that actually make the decisions. You will not be referred to another party in a distant location, and you will not be subjected to a bureaucratic policy established by the 'home' office.
Also, if you encounter any payment difficulties over the life of your loan, you will find us to be understanding and flexible. We are member-owned and member-controlled. We are here to help you. That is our purpose.
You will find our loans to be a great value. Please contact us today.
We offer:
Vehicle Loans
Home Loans
Construction Loans
Home Improvement Loans
Home Equity Loans.
Vacation Loans
Kwik Cash Loans
Loan Calculators:
Credit Union National Association's Calculators
Do I have to fill out a loan application every time I want a loan?
If you have a Convenience Plus Loan Plan, you do NOT have to complete a new application with every loan request. There are, however, good reasons to request current information. Information or circumstances may have changed from your previous application. We want to make a sound decision for you and us. Current information helps us expedite your request. You can obtain a loan application online here (click on RED button on the right or "It's Me 247"), or we could fax or mail you one. We also keep loan applications in the display next to our night deposit. It will speed up the loan process if you include a recent paystub with your application, complete the application in its entirety and include a copy of the purchase order if you are making a purchase.
Is your debt overwhelming you?
Perhaps we can help you, so please give us a call to make an appointment. We would be happy to meet with you and offer some guidance.
Another option is to contact:
Consumer Credit Counseling Service of Madison
128 East Olin Ave., Suite 100
Madison WI 53713-1483
608-252-1334
888-868-5136
cccs@gdinet.com
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March 19, 2008 |
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| Scam Alert:Advance Fee Loans |
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Please forward to whomever else at your credit union has compliance responsibilities.
If you have a problem forwarding this email, copy and paste it into a new email instead of just forwarding it.
Contact Marge Ramstack at mramstack@theleague.coop or (800) 242-0833, Ext. 3157 if you have any difficulty reading or accessing documents |
The Federal Deposit Insurance Corporation (FDIC) reminds consumers and financial institutions to be aware of advance fee loan scams. The FDIC has observed a significant increase in the number of unsolicited emails ("spam") advertising mortgage refinancing, debt consolidation and elimination, small business loans, and special loan programs for veterans and minorities. While some of these emails may advertise legitimate loan programs and lenders, advance fee loan scams are becoming more prevalent.
Advance fee loan scams prey on consumers who may be under financial duress and may be seeking quick and easy loan approval and funding. The scam typically involves the lender making false promises to arrange for a loan in return for fees paid upfront by the loan applicant. Scam artists may even design websites and online loan applications giving the appearance that the company is legitimate.
Fraudulent logos and letterhead of legitimate financial institutions or government agencies may also appear on documents that are faxed to the loan applicant. Potential borrowers may be asked to provide information through a website or be contacted by phone or email by a "representative" who guarantees loan approval as soon as the borrower pays a required fee. The loan applicant may be told that the fees will be used to pay a third party for loan insurance or application processing, or to make the first month's loan payment. The loan applicant may also be told to send or wire transfer money to an individual overseas before receiving the loan proceeds.
In some cases, the loan applicant has been falsely directed to a legitimate financial institution with no knowledge of the transaction. In other cases, the loan applicant is told that the loan request was declined and is asked to forward additional money to qualify for a different loan program.
The following are warning signs that may indicate a loan offer is not legitimate:
· The loan approval is "guaranteed." Lenders do not typically guarantee loans before analyzing the applicant's financial condition, credit history and ability to repay.
· The loan applicant is required to pay upfront fees to a third party or individual. Loan fees are normally paid to a business after the loan has been approved.
· The lender or loan processor may be located outside of the United States.
· Fees are requested using a retail wire transfer system. A password is sometimes used by the overseas receiver to pick up the funds in an attempt to hide the true identity of the criminals and make funds more difficult to trace.
Victims of online advance loan fee scams should report the crimes to the Internet Crime Complaint Center at www.ic3.gov/. More information about fraudulent advance loan fee scams can be found at www.ftc.gov/bcp/conline/pubs/tmarkg/loans.shtm
John C. Engel
Legal Affairs Department | | |
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