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True Crime: The Old College Try

10/30/2020

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A picture of a college student sitting in a library at a desk, scratching his head in confusion. On the desk is a laptop and a pile of books with a piggy bank on top of the books.
We share these true stories of member experiences to help you avoid falling victim to a scam. If you ever have questions about the validity of a request for money or information about your account, contact us.

Pandemic scams are on the rise. If a deal or offer seems too good to be true, it likely is. ​Think it couldn’t happen to you? You might be surprised! Read this true, cautionary tale:

​Bob, a young college student, saw an email about a special grant available for college students during the pandemic. Eager for some extra money, he sent a reply and was happy to hear he qualified. Bob provided the information for the checking account where he wanted to receive the funds and a few days later, his money arrived. It was strange, though – the deposit to his account was for unemployment benefits from the State of Arizona and in someone else’s name.
 
Bob had nearly fallen victim to a nationwide scam. His sweet windfall would have quickly turned sour, but the credit union noticed the deposit and was able to contact him before he lost any money. To prevent any further problems, Bob closed the compromised checking account and opened a new one.

Please keep your account information private and if ever in doubt, contact us for help. Visit our Security page for more tips on keeping your accounts secure.
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