Love is in the air this Valentine's Day, and we want to remind you to stay vigilant of sweetheart scams. While the season of love is for joy and connection, be aware of potential financial pitfalls that could break your heart and bank.

Sweetheart scams, also known as romance scams, involve scammers building relationships with individuals, often online, with the goal of exploiting their finances. These scams can have devastating effects on victims, both emotionally and financially.

Here are some red flags and tips to help you avoid falling victim to sweetheart scams:

• Be Skeptical of Online Relationships: If someone you've met online professes their love or affection too quickly, it's crucial to be cautious. Scammers often manipulate emotions to gain trust.
• Avoid Sending Money to Strangers: Be wary of someone who requests money, especially if you've never met them. Scammers may come up with elaborate stories to tug at your heartstrings.
• Verify Identities: Before diving into an online relationship, verify their identity. Request a video call or meeting in person if possible. Reverse-image search their profile picture. Legitimate people should understand your concerns and be willing to prove their identity.
• Guard Personal and Financial Information: Never share sensitive information, such as your Social Security number or financial details, with someone you've just met online. Scammers use this information for identity theft and fraudulent activities.
• Consult Trusted Friends or Family: If you have suspicions or uncertainties about an online relationship, seek advice from trusted friends or family members. They can provide valuable perspectives and help you make informed decisions.

Remember, your well-being is important to Credit Union of America. If you ever encounter suspicious activity or feel you may have fallen victim to a sweetheart scam, contact us immediately. We're here to support you and guide you through any potential challenges.

This Valentine's Day, celebrate love responsibly and stay vigilant of potential scams. Together, we can ensure that your heart and finances remain secure.

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