The Office of the Superintendent of Financial Institutions of Canada has identified Sunova Credit Union, operating as Hubert or Happysavingsca, as entities that may be illegally operating as financial institutions

The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published a "Warning Notice" (Issue No. 89) containing the names listed above. This Warning Notice can be found athttp://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_89_e.pdf.

Sunova Credit Union ("Sunova"), operating as Hubert or Happysavings.ca, appears to be engaged in unauthorized deposit taking in the provinces of Saskatchewan and Nova Scotia. The authorities in those provinces have issued Cease and Desist Orders to Sunova directing it to cease doing business in the provinces. In addition, this entity claims in advertising material to be "Canada's newest…online bank." Members of the public are advised that Sunova is neither a bank nor an authorized foreign bank in Canada, and is not supervised by OSFI.

Any information you have concerning this matter should be brought to the attention of following authorities:

Superintendent of Financial Institution of Manitoba
Regulation Branch
1115-405 Broadway Avenue
Winnipeg, Manitoba R3C 3L6

or

Registrar of Credit Unions
Saskatchewan Financial Services Commission
Suite 601
1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17thStreet, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically toalert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed athttp://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's website athttp://www.fdic.gov/news/news/specialalert/2010/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visitwww.fdic.gov/about/subscriptions/index.html.

Sandra L. ThompsonDirector
Division of Supervision and Consumer Protection