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Trade body warns of credit union lottery scam

The Association of British Credit Unions is warning credit union members not to respond to scam emails informing them they have won a prize in a lottery that does not exist.

The trade body claims emails have been sent to credit union members from claiming they have won a prize in a national credit union lottery and asking them to respond with their bank details.

Individual credit unions sometimes run lotteries to raise funds but ABCUL says there is no national credit union lottery.

The website shows pictures of alleged lottery winners but ABCUL says these are doctored pictures taken from the Connecticut State lottery website. A number of credit unions are listed on the site but none are associated with the fake lottery.

ABCUL chief executive Mark Lyonette says: “It is a sad side effect of the increasing popularity of credit unions in Britain that scammers are targeting credit union members. I would advise anyone who receives an email saying they have won a prize or requesting any information to contact their credit union and not respond to the email.”

At the end of June 2012, Britain’s credit unions were managing £776m of savings on behalf of over 1 million people and had around £600m out on loan.


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