Stay scam-savvy: How to spot a scam
If you suspect a scam, let your financial institution know and report it to Report Fraud.ftc.gov. Share your knowledge with friends and loved ones.
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Too good to be true
If the offer sounds too good to be true, it probably is.
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Is it official?
Check an individual's identity on an organization’s official website.
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Wanting to stay on the phone
Be suspicious if a person wants to stay on the phone while you complete the transaction they’re requesting.
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New car tax scam stopped
Money saved: $20,000 withdrawal
Scenario: A member was told she had won a new car and tried to withdraw funds for taxes as requested.
Resolution: The Elevations Fraud Team spotted the scam and informed the member. Members should verify the authenticity of "too good to be true” offers by consulting with someone you trust and talking with your financial institution.
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Preventing a five-figure romance scam
Money saved: $80,000 home equity line of credit (HELOC)
Scenario: A scammer posing as a long-distance romantic interest convinced the member to use the HELOC to invest in bitcoin. The member believed they’d soon meet in person and get married.
Resolution: An Elevations staff member showed the member identical stories of others who’d been scammed by this person, convincing them not to send the funds.
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$5,000 scam busted: Manipulated screenshots
Money saved: $5,000 withdrawal
Scenario: A scammer sent a member online banking screenshots manipulated to show $5,000 had been deposited in his account. They asked the member to withdraw and transfer the funds while remaining on the phone with the member at the branch.
Resolution: An Elevations team member showed the member no funds had been deposited in their account for two weeks. The fraud team showed the member how screenshots can be edited and convinced them this was a scam.
The above fraud examples are real examples of Elevations Credit Union team members assisting to thwart fraudulent scams. However, Elevations cannot thwart every attempt and you must remain vigilant in monitoring your account and stay informed about fraud scams. Learn more about emerging fraud scams and trends from the FBI website.
How can we help you?
Give us a call at (800) 429-7626 | Routing #307074580
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**All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Rate shown as low as for qualified borrowers. Rate may change dependent on credit qualifications and underwriting factors. Please speak with an Elevations representative for more information. Offers of credit are subject to membership requirements and credit approval.