Entries Categorized as 'Alerts & Scams'

Protecting Yourself Against Card Cracking Scams

Date December 12, 2017

In a recent scam targeting millennials, fraudsters are once again cashing in on people’s naivety and goodwill. Only this time, they’re using social media to make it happen. What makes the scam especially cruel is that fraudsters specifically look for cash-strapped victims who are desperate enough to believe almost anything in the hope of earning […]

Beware Of Banking Scams

Date November 20, 2017

Please note that MCCU will never solicit you or ask you for your personal information. Please notify us immediately if you think you are a victim of phishing or any other kind of scam that mentions that credit union name. There’s been a recent uptick in banking scams where criminals pose as representatives of the […]

Beware Of Student Loan Debt Relief Scams

Date October 24, 2017

More than 42 million Americans have student loan debt, with their collective debt topping $1.4 trillion. Unfortunately, these big numbers make student loan debtors excellent targets for scams. The Federal Trade Commission (FTC), partnering with 11 states and the District of Columbia, has recently announced “Operation Game of Loans,” the first law enforcement initiative pursuing […]

How To Spot A Credit Repair Scam 

Date September 26, 2017

Credit repair scammers tell you they can make credit repair quick and easy. Unfortunately, when they’re done, your score may still be low, you’ll have lost a nice chunk of change and may even be facing criminal charges. Here are the warning signs of a credit repair scam: 1.) Upfront payment Under the Credit Repair […]

Helping Harvey Victims Without Getting Scammed

Date September 5, 2017

The news reports about the Hurricane Harvey victims can really tug at your heart. You may even be moved to donate whatever you can to assist in the relief efforts. Unfortunately, though, that’s exactly what many scammers are counting on. Here’s how you can help out without falling prey to scams. 1.) Avoid Harvey scams […]

Beware The Make-A-Wish Charity Scam!

Date August 1, 2017

Sadly, hundreds of crooks hide behind the veil of charities. They’ll impersonate known charities or create a bogus one, then solicit funds and pocket the cash. Most recently, scammers have abused the name of the Make-A-Wish Foundation, an organization dedicated to granting the most longed-for wishes of terminally ill children. Here’s how it works: The […]

Beware Of Phishing Scams!

Date June 26, 2017

The Federal Trade Commission (FTC) has warned of a recent upsurge in phishing scams involving credit union brands. In all phishing scams, the scammer poses as a legitimate business or service provider where the victim may have familiarity. In this case, they claim to represent your credit union. The fraudsters use social engineering, capitalizing on […]

Protect Yourself from WannaCry Ransomware and Other Viruses

Date June 9, 2017

On Friday, May 12, an unprecedented virus spread through the internet, creating enormous damage and loss. The WannaCry ransomware, as it is called, attacked 57,000 computers in less than a day. Ransomware works by holding a victim’s data under “ransom.” The virus encrypts the data and holds it hostage unless the victim pays a ransom, […]

Beware Of Fake Checks! Protect Yourself From The Latest Scam

Date May 3, 2017

Personal checks look simple and innocent. Recently, though, the Federal Trade Commission (FTC) and other agencies have warned about increases in fake check scams. There are several variations of the scam, and they all end with you losing thousands of dollars. The scam may be done under the pretext of a work-at-home job, an online […]

Beware Unsolicited Help: Trouble With Tech Support Scams

Date March 22, 2017

Advanced computer technology can look like magic. Consequently, the wizardry that those with technical savvy can perform can be baffling. That confusion is exactly what some scammers rely on. The Federal Trade Commission is warning consumers about scams featuring phony tech support. These schemes have one goal: compromise your technology to steal personal information and […]