**NEW** Increased fraud at Walmart and Walgreen's
Signature FCU monitors fraud trends in order to keep you informed and your cards as safe as possible. One of the new trends we are seeing right now on a larger scale are fraudulent charges at Walmarts and Walgreen's. We encourage you to review your statements regularly to be on the lookout for unrecognized charges and to pay special attention to charges from Walmart and Walgreen's to be sure your account has not been compromised. We also take precautions here to try to prevent some of these charges from going through. These precautions are put in place for your protection but could also interrupt your charges at these businesses.
One way you can catch possible fraudulent charges is to sign up for Text Alerts. Register your Signature FCU Visa credit and debit cards through our Text Alerts enrollment page. Finalizing your enrollment takes about 24 hours and then you will receive a text whenever a transaction is made on your enrolled card giving you the ability to alert Visa of any unauthorized transactions as they happen.
**NEW** NCUA Warns of Fake Check Scams
Consumers Should Be Vigilant and Avoid Depositing Checks from Unknown Parties
There are many versions of a fake check scam. However, the result is the same. Scammers lure consumers into depositing a cashier’s check, money order, or other checking instrument from someone that they don’t know and wiring or sending money to the scammers. A check may take considerably longer to clear the financial institution that issued it before the funds can be collected. It could take days or even weeks to discover that the deposited check was fraudulent.
When the check is discovered to be fraudulent, the damage may already have been done. Once a victim wires or sends funds from such a check, he or she may be responsible for reimbursing the financial institution for that amount. Typically, the financial institution will not cover the financial loss and expects the victim to pay the difference.
These checks can be hard to recognize. They may be printed with the names, addresses, and logos of legitimate financial institutions. Consumers are reminded to be on the alert and to not be pressured into wiring funds or sending money after depositing a check.
If you think you or someone you know was the victim of a fake check scam, consider taking the following steps:
Contact your local law enforcement agency to report the scam.
Contact your state’s attorney general. Contact information for each state’s attorney general can be found on the National Association of Attorneys General website.
File a complaint with the Federal Trade Commission. Your complaint will be filed into a secure online database, which is used by many local, state, federal, and international law enforcement agencies. Complaints from consumers help detect patterns of fraud and abuse.
If you or the victim is an older adult or a person with a disability, contact your local adult protective services agency. You can find local support resources using the online Eldercare Locator or by calling (800) 677.1116.
NCUA operates an online Fraud Prevention Center that offers information about avoiding frauds and scams on its MyCreditUnion.gov website.