In observance of Thanksgiving, the Credit Union will be closed on Thursday, 11/26.
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.
Although this type of fraud is not new, scammers have been increasingly using legitimate dating and social networking websites for "romance scams." Scammers will set up phony profiles on these sites, often with fake photographs and identities, and develop online friendships with other users. Once the scammers have gained the trust of their new online friend, they will request money for a variety of seemingly urgent situations. The scammer may claim that they need money to pay for a passport or airfare so they can travel to visit their online friend in person, or they may state that they need the money for an emergency and will pay it back. Any money sent to these scammers will not be returned or used for the purposes they claimed, and the scammers will often come up with different excuses for needing more and more money.
These types of situations occur on otherwise trustworthy and legitimate social networking and dating sites, so always use common sense when meeting new people online. Do not share personal information such as credit card and bank account numbers, Social Security numbers, passport information, or passwords with others. Be extremely suspicious of anyone you meet online who asks you for money, no matter what reasons they provide for needing the funds.