Local credit union on the lookout for counterfeit money as cases rise

By: Aaron Dimick Email
By: Aaron Dimick Email

EAU CLAIRE, Wis. (WEAU) -- Counterfeit cash continues to float around the Chippewa Valley.

WEAU 13 News first told you about the area’s counterfeit problem last week.

And since then, the Eau Claire Police Department said there have been four new cases of counterfeit money popping up at businesses and banks.

While these cases are still under investigation, WEAU stopped by Royal Credit Union where employees are on alert to make sure you don’t get passed any of the bogus bills.

“In economic poor times, we do see more attempts on counterfeiting money,” said Randy Beck, the Executive Vice President of RCU Corporate Risk Management.

Police reports show that some of the recent influx of counterfeit money has been showing up at RCU branches.

“We see them in 5s, 10s and 20s, very few in the 100s. Our first line of defense is the tellers,” Beck said.

He said employees are trained on what to look for.

“They can tell when that paper just doesn't feel right. That will guide them to take a look at the security measures that have been put into the bills,” Beck said.

What humans can't spot machines can.

Currency counters scan for the fake cash, singling out questionable bills.

And when it's noticed?

“We will turn it over to the police. We’ll give them any information we have as to where we received it. If we can determine that then they can back-track it from there,” Beck said.

He said most of the time counterfeit is deposited by people and businesses who think they have real money.

And while the cash has to make it through several security checks, Beck said there's always the possibility it could still be passed to you.

“We have an obligation to the community and to the financial network to make sure we're catching those counterfeit bills,” Beck said.

If you find counterfeit money you're asked to call your local police or sheriff's department.

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