We will be closed Monday, May 25, in observance of Memorial Day.
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.
Internet Payment Scams
You may encounter payment fraud when selling items online. Typically, a buyer interested in purchasing your item will offer to overpay by a cashier's check or wire and request to have the remaining funds returned to them. The check or wire they send is fraudulent; no funds exist to cover the payment or the money you returned to the payee via your personal check.
Thieves can steal your mail from your mailbox, including checks you have issued to pay bills. The thief then uses a chemical to wash the ink off your check and make it out to themselves for a much larger dollar amount. If you live in community-based housing, such as an apartment complex, you may be especially vulnerable to this type of fraud.
Avoid this scam by dropping your mail off directly at the post office or in a secure mailbox, or use electronic Bill Payment to eliminate paper payments.