Fake credit union
runs scam on Big Isle
The Better Business Bureau of Hawaii and the Hawaii Credit Union League are warning of a potential scam by an organization posing as a credit union.
Officials said a Big Island resident responded to a newspaper ad on loan applications with "Heartland Credit Union." The resident sent in an application and received a phone call that the loan was approved. Officials said the caller asked the resident to send $850 for insurance to receive the loan.
The resident sent in the money and expected the loan in three days, but it did not arrive. The resident's calls to the company were unsuccessful.
Officials said the ad was not affiliated with the legitimate Heartland Credit Unions that operate in Midwestern states.
Those who run scams sometimes use the same name or similar names of legitimate companies, said Anne Deschene, president of the Better Business Bureau of Hawaii.
Officials said legitimate credit offers do not require payments up front. It is illegal for companies doing business by phone to promise consumers a loan and ask to pay for it before they deliver. Residents are recommended to research a company before signing any documents.
For information, contact the Hawaii Credit Union League at 941-0556 or visit www.hcul.org. Residents can also call the BBB of Hawaii at 536-6956 on Oahu, toll-free at (877) 222-6551 or visit www.hawaii.bbb.org.