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Randy Trimm: Ohio Catholic Federal Credit Union

CEO of the Ohio Catholic Federal Credit Union Randy Trimm talks about what makes his credit union different from others and how credit unions differ from banks.
Randy Trimm: Ohio Catholic Federal Credit Union

CEO of the Ohio Catholic Federal Credit Union Randy Trimm tells us how Cleveland area Catholics can get credit help and he tells us how his organization helps support Catholic schools.

Cashier’s Checks
The cashier’s check is drawn against the financial institution’s account and is considered a more secure form of payment than a personal check. Cashier’s Checks may be purchased with cash, a withdrawal from an Ohio Catholic account, travelers’ checks, VISA debit card, or by taking a cash advance on a VISA credit card.
Cashier’s Checks
Smart Money Tip– Keep your receipt in case the cashier’s check gets lost or the recipient denies receiving it. This receipt has a check number to verify the status should problems arise.
Smart Money Tip – Watch out for fraudulent cashier’s checks. Cashier’s checks are viewed as relatively risk-free monetary instruments and are often used as a trusted form of payment to consumers for goods and services. However, cashier’s checks have become an attractive vehicle for fraud. Although the amount of a cashier’s check quickly becomes “available” for withdrawal by the consumer after the consumer deposits the check, these funds do not belong to the consumer if the check proves to be fraudulent. It may take weeks to discover that a cashier’s check is fraudulent.
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