The following are recent frauds and scams that are aimed at credit union members. IRS Scam . . . with a Twist (September 22, 2016)
We have been getting several calls from members telling us about a new phone scam.
Someone calls stating they are with a government agency. They tell you because you have paid your taxes on time, you have been awarded a federal grant that can be worth thousands of dollars.
All you have to do is provide a down payment so your grant can be processed, or provide account information so the agency may deposit your grant funds.
THIS IS A SCAM. "Money for nothing" promises usually are, so hang up the phone. Do not ever give out account information to someone who calls and asks for it.
For more information:
Federal Trade Commission: Money for Nothing Scams
IRS: Tax Scams Consumer Alerts
NCUA warns of scammers using similar website logo, design (August 2014)
Scammers using a website with a logo and design similar to that of the National Credit Union Administration are attempting to convince consumers to provide sensitive information or send money. According to the NCUA, consumers have received emails from the National Credit Union website, which is not affiliated in any way with the NCUA, a federal agency, and the emails are not from the agency.
The site apparently originates in Australia, the NCUA said in its warning, and claims to offer services in the United States, Europe and the Commonwealth of Independent States. The emails attempt to persuade individuals to provide personal information, such as Social Security numbers, account numbers and login information, or transfer large amounts of money.
The NCUA warns that consumers should neither provide information to this website nor attempt
to conduct any financial transactions through it.
Do not click on links in emails that ask for personal email, or open unexpected attachments. Delete suspicious emails and messages immediately. Phishing is when internet fraudsters impersonate a business in an an attempt to trick you into giving out your personal information, such as a user name, password, account information, or credit/debit card numbers. Legitimate businesses do not ask you to send personal information through insecure channels like email.
Like "phishing", SMishing tries to get you to divulge personal information, but through a text message or a phone number that connects to an automated voice response system.
Vishing is phishing by phone. You receive a call on your home phone or mobile device from someone pretending to be from a trusted source, like your financial institution. The message usually states that there’s a problem with your bank account or ATM card. The call will then direct you to a phone number or website that will ask for personal account information to verify your identity. They are not verifying anything. The goal is to steal your money.
MCU Will Never:
- Phone or send an email asking you to enter your account number or other personal information in an email or non-secure web page.
- Phone or send email threatening to close your account if you do not immediately provide personal account information
- Send email asking you to reply by sending personal information.
If you feel you have been the victim of one of these frauds, please call Meadows Credit Union at 800-662-2772 ext. 2 and an MCU Financial Service Associate will be able to assist you.