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Your Neighborhood Financial Partner since 1972.
ElectionWatch 2002 If credit union people don't vote, credit union people don't count. On average, voter turnout for city, state and congressional elections is less than half of that for presidential elections. And it's the winners of these elections that have the power to decide how we will live our lives, spend our tax dollars and envision our futures! That's why it is so important for each of us to become better informed as to where our elected officials stand on the issues we care about. We can then make responsible voting decisions and have our votes truly count in every election. As credit union members, we need to let our politicians know where we stand, what our concerns are and what we think. As credit union members, we need to ensure that the credit union vote will count. "I encourage each and every member of B.O.N.D. Community Federal Credit Union to get informed this year about the people who are running for elected office at the local, state and national levels and then, use that information to get out and vote," says Ruth Artis. In the year 2000, 42% of all voters were credit union members. How many will vote in 2002? If credit union people don't vote, credit union people don't count. It's Time to be Counted…Vote on November 5th! For current information on the candidates, issues and event dates, please visit www.bondcu.com, and click ElectionWatch 2002!
Deposit or Withdrawal? Just when we thought we’d seen the last of the years-old “Nigeria scam” it turned up again, like a bad penny –or in this case, a bad $25.8 million. A Dr. James Frank from Lagos emailed a Consumers Union employee recently with a modest proposal seeking “your assistance to conclude a pending transaction for our common benefit. The transaction is the transfer of the sum of twenty five point eight million U.S. dollars to your account.” The money, he added, was the result of “deliberate over-invoicing in supply of materials and in construction of an ultra modern housing estate for the parliamentarians.” Now Frank and his cronies at the federal Ministry of Works and Housing wanted to shield the money in our co-worker’s account, for which she would receive one-fourth of the booty. It is “100% risk free,” the good doctor said, “as all modalities have been worked out.” We asked for more information. Franks replied right away, asking for more information,	too: our name, phone number, name of the bank into which we wanted the millions deposited, and, oh yeah, our bank account number. “We trust you so much believing you will not betray us when this money gets into your account,” he said, before welcoming questions if we were confused. So, we asked, Could you just send us a check by mail and we’ll deposit the money and keep it safe? But our attempt to scam the scammer didn’t work. We heard no more from Dr. Frank. If you agree to the plan, you’re asked to pay a advance fee to show your willingness to cooperate. Once you’ve paid, your Nigerian connection reports problems that require more funds. The Nigeria scam is widespread, and people who get a little greedy can loose a lot of money. The scam represented 15.5 percent of the 16,775 complaints of fraud referred to the Internet Fraud Complaint Center in 2001. Sixteen complaints lost money – a median of $5,575 per victim. Consumer Reports, August 2002

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Printable Version

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Newsletter June 2002

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