ALERT 96-16
Type: Unauthorized Banking    Subject: International Credit Union Corporation,  Incorporated

TO:  Chief Executive Officers of all National Banks; all State
     Banking Authorities; Chairman, Board of Governors of the
     Federal Reserve System; Chairman, Federal Deposit Insurance
     Corporation; Conference of State Bank Supervisors; Deputy
     Comptrollers (Districts); District Administrators; District
     Counsel and Examining Personnel

     
          
RE:  International Credit Union Corporation, Incorporation
     P.O. Box 3181
     Chandler, AZ

     Information has been received that the subject entity may be
     operating a banking business in the United States without
     authorization.  The Office of the Comptroller of the
     Currency has not granted a national bank charter to this
     entity.  Further, the State of Arizona Department of Banking
     has advised that the subject entity has not been granted
     permission to operate in Arizona.  Any information which you
     may have concerning this matter should be brought to the
     attention of:
     
     
                    Office of the Comptroller of the Currency
                    Enforcement & Compliance Division
                    250 E Street, S.W.
                    Washington, D.C.  202l9
                    Fax (202) 874-5301



                                      
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division
     Date: June 26, 1996