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Wishing You and Your Family a Happy Labor Day!

 

Protect Yourself from Scams and Fraud!

Life is different in the world of COVID-19.  We are all spending more time at home trying to find things to do and online searching for the items we need for day to day life.  This is a stressful and emotional time and it is making us more vulnerable to scammers and fraudulent activity.  At the Credit Union we see fraud and suspicious activity daily, so it is important for us to share some of the scams that are happening more frequently.  It is our wish to keep everyone from becoming a victim and we have picked just a few but we encourage you to be vigilant and cautious.

Scammers are seeing opportunities and are using some of the following conversation starters:

  • Calling to say they are with Amazon security, telling you your account has been breeched and asking you to purchase gift cards with the funds in your account, then asking for the numbers on the gift cards.  They then immediately drain the funds on the cards so that when you attempt to use them, they are of no value.  No one from a reputable business would require you to purchase gift cards to “safe-guard” your funds or accounts.
  • People calling and posing as the IRS or Unemployment office saying your social security number is being used by someone else.  They then ask for personal information and or account information to “verify” your identity.  State or Federal government offices will never do that.
  • Someone calls saying they are from Windows and that they have detected a problem with your computer, and they need to access the computer to fix the problem.  They will usually ask for personal information and perhaps passwords.  These calls are not legitimate. 
  • If you are on a website and it starts to re-direct you to another site, exit out unless you are very certain that the secondary site is valid.  It is always best to exit and sign into another site directly.
  • Never give out information when someone calls and asks for your credit union or bank account information even if they say they are from the institution.  Unless you are waiting for a return call and you can truly identify the caller, do not give our any information.  Hang up and call the institution directly.
  • Someone calls and tells you that if you let them have access to your phone and/or computer they can help you to detect problems or improve the efficiency.  This is designed to allow them to gain access to all the private information stored on these devices and to allow them to use your phone in the future for costly foreign calls.
  • Use great caution when looking at “pop-up” ads when you are online or on social media.  Many of these are fraudulent and designed to obtain your personal information including credit card numbers.  You may not get the items you thought you were purchasing, and you may see fraudulent charges appearing on your card.  Get out of these ads and look for the items on a reputable site that you are familiar with.
  • Check out any site that is asking for donations for the many new causes that have come about with the current community challenges.  Research the charities with “Charity Navigator” or the State Attorney General’s office.  Be sure your money is going where you intended it to go. 
  • Finally, do not fall for the age-old Nigerian fraud schemes telling you of an inheritance or a lottery win that is waiting for you.  NEVER send money that they “require” so that your “winnings” can be sent to you.

Please understand that this is only a partial list of the fraud scams we have seen lately.  We have members that have been taken advantage of as a result of every one of these items.  We encourage you to be extremely cautious and to teach other family members and children not to give out private information over the phone.  Remember, if it seems too good to be true—it probably is!

Annual Meeting

Join us on September 17, 2020 at 6 pm for our virtual 66th Annual Meeting.  We are sorry we can’t be with you in person this year, but are looking forward to seeing you online. 

Holiday Closures

September 7                     Labor Day
October 12                       Columbus Day
November 11                    Veterans Day
November 26 – 27            Thanksgiving &
December 24 – 25            Christmas Eve & Christmas

Benefits of Bundling Insurance
Reasons to consider combining insurance policies

Many insurance policyholders like to sign up for coverage, set their monthly premiums to automatic payment then put it out of their mind. But it’s important to examine your policy from time to time to ensure that you’re getting the lowest rates.

Budgeting Apps to Help Stabilize Your Finances
Manage your spending, set up a budget or monitor your credit, right from your phone

If there’s one thing we all want and need more of, it’s money. However, many of us struggle to take control of our finances, whether that’s because we spend too much on non-essentials, have a less-than-ideal credit score or any number of other factors.

Fall Car Care Tips
How to take care of your vehicle as the seasons change

As summer starts to slip into fall, here are some simple ways to make sure your vehicle stays in perfect health.

Tips for Reducing Stress and Increasing Positivity
How to relieve the mental pressure in your life

The stress of everyday life can be tough to deal with even under normal circumstances — and in these uncertain and difficult times, the pressure feels even more intense.

Heartwarming Loose-Leaf Tea Recipes to Try
How to create soothing, custom tea blends

A warm cup of tea can invigorate you in the morning or calm you in the evening. It’s a versatile drink you can prepare in many different styles to create infinite combinations.

Published by IBEW And United Workers Federal Credit Union
Includes copyrighted material of IMakeNews, Inc. and its suppliers.
Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.  


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