In observance of Independence Day, the Credit Union will be closed on Sat., 7/4. Our branch in the MSU Union will also be closed Fri., 7/3.
Recent & Common Financial Scams
Protect your financial and personal information by staying aware and informed. Below is information about a number of recent and common financial scams.
In this tough economic climate, there have been more and more scammers eager to take advantage of those seeking work.
When applying for jobs online, use reputable websites and remember that the old adage "if it seems too good to be true, it probably is" still applies. A recent scam has phony "employers" offering job candidates work but requires these applicants provide money upfront that the "employers" claim will later be refunded, or the "employers" provide a check for the applicants and request that they cash the check, forward a portion of the money to the "employer," and then keep the rest of the money for themselves as a signing bonus.
Don't fall for this updated version of what's commonly called the "Nigerian Payment Scam." The check provided to you by this scammer will wind up being fraudulent, and you will be out the money you forwarded along to the phony "employer" or the money you sent as an upfront payment for reasons such as credit report processing or equipment fees for a work-at-home opportunity.
Equipment like hidden cameras and card scanners can be illegally added to ATMs worldwide. These devices allow a thief to video record your PIN and scan your card number. The false scanner may also be set up to "eat" your card so that it is not returned. Once you have left the ATM, the thief returns and collects your card.
A device is added that receives your card
and stores its information.
A hidden camera is added to everyday
items to record your PIN.
MSUFCU ATMs are monitored daily to prevent this fraud. When using non-MSUFCU ATMs, please be sure to examine them carefully prior to use. If your card is taken, be sure to report this to MSUFCU immediately so that we may block the card and issue a new one.