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Regulators say credit union in Grand Haven may be scam | News

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Regulators say credit union in Grand Haven may be scam
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GRAND HAVEN, Mich. (AP) -- Michigan regulators say a Grand Haven-based credit union called Whitestone Credit Union may have been operating a scam.

The Office of Financial and Insurance Regulation announced Tuesday that it has ordered Whitestone Credit Union to stop doing business.

The agency says it believes Whitestone used a website and telephone answering service to pose as a legitimate credit union and may have been attempting to steal consumers' money and identity information.

A telephone listing for Whitestone wasn't working Tuesday morning. Its website also wasn't working.

The state says Whitestone was encouraging customers to apply for loans by providing personal information including social security and financial account numbers.

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