Re:Internet Credit Union
by curiouscats on Thursday June 27, 2013 @09:56PM
(#5955769)
I have the same question. Maybe because Founder of the Internet Archive, Brewster Kahle, is on the management team?
It seems like a interesting option (they have some decent ideas in place) but I agree it also seem sketchy/fly by night. It is only a small credit union for people in a specific part of NJ, USA.
Most banks/credit unions that aren't giant or don't have old legacy systems tend to use outsourced core software from one of a few vendors, like Jack Henry or FiServ. Banks/CUs can outsource their Internet banking for roughly $1/ account per month for a hosted solution.
This 'bank' is running on Wordpress - 3.5.1 from what I can tell [0]. Isn't that vulnerable [1]?
The customer login page takes you somewhere else [2] - seems sketchy.
I can't find any information about their interest rates - why should I put my money with them?
[0] https://iafcu.org/wp-admin
[1] http://codex.wordpress.org/Version_3.5.2
[2] https://obc.itsme247.com/237/
NOTE: Change the /237/ in link [2] and you will see its running portals for other banks... This bank is just a cheap domain outsourcing their entire infrastructure on the cheap. No.