FIRSTSTAR Credit Union - Unauthorized and Possibly Fraudulent Credit Union Advertising in Georgia

April 15, 2009

It has come to the Department’s attention that an entity called FIRSTSTAR Credit Union is advertising itself in Georgia as a lender and provider of financial services. The Department has no record of this entity as a legitimate credit union or otherwise. Upon inquiry from the Department, the National Credit Union Administration (NCUA) also indicated that there is no federal credit union chartered or authorized to conduct business under the name “FIRSTSTAR Credit Union”.

On April 14, 2009, the Department contacted the entity advertising itself as FIRSTSTAR Credit Union at the number provided in its advertisement (1-888-880-1790). An individual identifying himself as an employee stated that the entity was a credit union located in York, Pennsylvania.  However, an April 9, 2009, Consumer Alert issued by the Pennsylvania Department of Banking warned about an apparent advance fee loan scam under the names “First Star Lending Services” and “First Star Credit Union” which alert can be found at www.firststarlendingservices.com.

Also on April 9, 2009, Michigan’s Office of Financial and Insurance Regulation ordered an entity claiming to be a Pennsylvania-based credit union called Firststar Credit Union” to cease and desist from doing business in that state.

The public is strongly cautioned against doing business with this unauthorized and possibly fraudulent entity.

A list of Georgia federally insured state-chartered credit unions may be found on the Department’s website - https://dbfweb.dbf.state.ga.us/WebCUData.html.

 

 


The Department has regulatory and/or licensing authority over state-chartered banks, credit unions, trust companies, mortgage brokers, mortgage lenders, mortgage processors, check cashers, sale of check companies, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia.  Visit us on the Web at: http://dbf.georgia.gov/

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