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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.
There has been a recent increase in fraudulent text messages received by some MSUFCU members. Although these messages have not targeted MSUFCU directly, the institutions mentioned in the messages have included other credit unions based in the Mid-Michigan area. These text messages typically state that the recipient’s account has been closed or locked out and to call a long distance number in order to have it reinstated or unlocked. This message is fraudulent. MSUFCU will never contact you via text message to request account information. If you have given out any account information using the phone number provided with these fraudulent text messages, please contact us immediately.
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.