TORONTO, May 14, 2024
/CNW/ - Ontario's financial
services regulator, FSRA, is warning consumers that a business
using the name of Sunray Federal Credit Union (also known as Sunray
Credit Union) is not a registered credit union in Ontario.
We encourage consumers to be careful if contacted by Sunray
Federal Credit Union or anyone claiming to be representing this
business.
There are potential risks. Your deposits are not covered by
deposit insurance if made with anyone not registered as a credit
union or caisses populaire in Ontario.
Sunray Federal Credit Union or Sunray Credit Union appears to
be using the following contact information:
- Address: 12-56 Woodbridge Avenue, Woodbridge, ON L4L 2S6
- Email: help@sunrayfederal.com
- Phone number: 1(204)800-0155
- Website: sunrayfederal.com where the entity appears to be
soliciting business
In addition, Sunray Federal Credit Union allegedly
approached individuals and asked them to transfer money to Sunray
to invest in real estate.
If you believe you may have been a victim of financial
fraud involving Sunray Federal Credit Union, please
contact your local police department.
Make sure to check FSRA's website for the list of all
credit unions and caisses populaires registered to do business
in Ontario. Currently, Sunray
Federal Credit Union or Sunray Credit Union are not on our
list.
For reference, under the Credit Unions and Caisses
Populaires Act, 2020, "No person, other than a credit union or
person or entity prescribed by regulation, shall carry on business
using a name in which "credit union" or "caisse populaire" is
used.
Deposit insurance helps protect consumers using the services of
credit unions and caisses populaires. It also helps ensure the
safety and soundness of Ontario's
credit union sector.
Visit FSRA's website to learn more about credit unions
and deposit insurance.
Contact
For media inquiries:
Ashley Legassic
Acting Sr. Manager, Media Relations
Financial Services Regulatory Authority
C: 647-719-8426
Email: ashley.legassic@fsrao.ca
SOURCE Financial Services Regulatory Authority of Ontario