City County Credit Union In bed with thieves, helping identity thieves, failure to follow banking regulations Margate/Ft Lauderdale FL, Florida
City County Credit Union of Margate Florida with locations in Ft Lauderdale, Margate, Sunrise, AMEX corporate center, Lauderhill, Pembroke Pines, and Wilton Manors is allowing identity thieves to perpetrate multiple forms of fraud and theft against innocent businesses all over the country.
They carelessly allow thieves to open accounts and perpetrate financial crimes. They do not follow the regulations that require banks to verify the identity of account holders. They refuse to pay restitution to victims of the crimes which they are partially responsible for.
Do not do business with this institution. They have weak polocies and do not protect their information or verify information from account holders. Your money and your credit are at risk if you are dealing with this credit union or are considering doing any transactions with them.
3 Updates & Rebuttals
City County Credit Union
Margate,Florida,
United States of America
Untrue Accusations
#4UPDATE Employee
Tue, August 28, 2012
The writer of this post is the victim of a vicious white collar crime which is beyond the control of City County Credit Union.
We too have been victimized by the same crime and unscrupulous individual, resulting in a significant monetary loss of our own.
In our 60 years of business, we have not only followed strict Federal laws regarding account openings but have gone above and beyond what the laws require.
City County Credit Union's adherence to sound banking practices is beyond question.
Sadly, crime does happen despite extraordinary precautions.
In this instance, we have been working diligently with the Fort Lauderadale Police Department to put the perpetrator behind bars.
In summary, we can truthfully say that under no circumstances would we compromise the security of our members or risk our reputation. We have too much to lose.
Ken
Colorado,USA
I also just sent a link to this report to City County Credit Union...
#4Consumer Comment
Sat, August 25, 2012
Hope to hear their side of this. You've basically accused them of violating banking laws and they deserve to respond.
Ken
Colorado,USA
Jake, I have a question....
#4Consumer Comment
Sat, August 25, 2012
"They do not follow the regulations that require banks to verify the identity of account holders."
What regulations, specifically, are you referring to? If the are violating any actual banking regulations, as you infer, you should forward this information to your states banking commission. I would be VERY interested in reading this/these regulations.