Victory State Bank Reminds People To Be On Lookout For Fake Disaster-Related Charities


Victory State Bank Reminds People To Be On Lookout For Fake Disaster-Related Charities

 

STATEN, N.Y. -- With Mother Nature at times leaving a path of destruction, Victory State Bank warns of charity scams after devastations such as Hurricane Sandy and the recent tornado in Moore, Okla.

The influx of organizations accepting donations to aid disaster-affected areas are prominent, but not all are reputable.

If you want to donate to help people, always check to make sure your money is going to a reliable charity. Unfortunately, scammers compete with reputable charities for your dollars.


The Federal Trade Commission provides a few tips to ensure you good intentions don’t go to waste:

 

  • Donate to charities you know and trust. Be alert for charities that seem to have sprung up overnight in connection with current events, like a natural disaster.

 

  • Ask if a caller is a paid fundraiser, who they work for, and what percentage of your donation goes to the charity and to the fundraiser. If you don’t get a clear answer- or if you don’t like the answer you get- consider a different organization.

 

  • Don’t give out personal or financial information- including your credit card or bank account number – unless you know the charity is reputable.

 

About Victory State Bank

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank, which is  Staten Island, N.Y.’s only community-based commercial bank. Victory State Bank commenced operations on Nov. 17, 1997. The bank's initial capitalization of $7 million was primarily raised within the community of Staten Island. VSB Bancorp’s total equity increased to $27.1 million by Dec. 31, 2011. 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. A pending sixth branch, located in the Charleston/Tottenville section of Staten Island, is subject to regulatory approval. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 


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