Victory State Bank Warns About Fund-Raising Scam

 

STATEN ISLAND, N.Y. – Every day, police and firefighters risk their lives to make your community safer. To show your support, you may consider making a donation when a fund-raiser calls from a fire or police service organization. Before you write the check, the Federal Trade Commission urges you to consider these facts: 

  

  • Ask fund-raisers for identification. Many states require paid fund-raisers to identify themselves as such and to name the organization for which they’re soliciting.
  • Ask how your contribution will be used. Ask what percentage of your contribution will go to the fire or police organization, department, or program. Also ask if your contribution will be used locally. Get written information.
  • Call the organization or your local police or fire department to verify a fund-raiser’s claim to be collecting on behalf of the organization or department. If the claim cannot be verified, report the solicitation to your local law enforcement officials.
  • Ask if your contribution is tax-deductible. Make your check payable to the official name of the group or charity. Avoid cash gifts: Cash can be lost or stolen.
  • Be wary if a fund-raiser suggests you’ll receive special treatment for donating. For example, no legitimate fund-raiser would guarantee that you won’t be stopped for speeding if you have a police organization’s decal in your car window. Don’t feel intimidated about declining to give. A caller who uses intimidation tactics is likely to be a scam artist. Report the call to your local law enforcement officials.

 

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

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