April 16, 2009
DFI Issues Warning Notice - First Star Credit Union / First Star Lending Services
The following entities may be using “credit union” in their names and conducting credit union business in California without authorization from the Commissioner and in violation of the California Credit Union Law. First Star Credit Union and First Star Lending Services purport to provide the following telephone number and website address: 800-880-1790 and www.firststarlendingservices.com. First Star Lending Services provides a Pennsylvania address. Written warnings to cease & desist from conducting a credit union business in California and using the phrase “credit union” in their name, without authorization from the Commissioner have been sent to both entities.
On April 13, 2009, the Pennsylvania Department of Banking issued a “consumer scam” alert about First Star Credit Union and First Star Lending Services warning about an apparent “advance fee loan scam” using the above names at: www.firststarlendingservices.com. The Alert states that the purported address of the above entities in Pennsylvania is non-existent, that the entities are not licensed by the Pennsylvania Department of Banking, and that there is no First Star Credit Union chartered by state or federal regulators.
All persons who have communicated with the above-mentioned entities are asked to contact the Department of Financial Institutions, Legal Division, Los Angeles, California at (213) 897-2160.