Credit Union of America - News | Credit Union of America

Prepare, Be Proactive, and Protect Against Recent Fraud

Fraud is rampant worldwide and does affect CUA members. Credit Union of America is vigilant in providing safeguards for CUA systems and member accounts. When both CUA and members take initiative in these safeguards, we can prevent or obstruct fraud and minimize member losses. Members reported over $1 million in fraud cases by unscrupulous scammers or family members. Either the swindler obtained information to access an account, or the member unknowingly participated with a scammer, or both! The best defense is a good offense. Prepare, be proactive, and protect!

Holiday Fraud and Scams

As the holiday season approaches, CUA is seeing an increase in fraud against our members. Financial fraud is not specific to CUA members. Here are the most common scenarios and tips for keeping your financial information and accounts safe.

Hot Summer Scams & Fraud

The hot summer temps haven’t slowed down the scammers and fraudsters. So sit back with a cool drink and see what scams are most popular. It's always a good idea to review the structure of these crimes, even if you're savvy at avoiding fraud and scams.

Scammers: The More You Know

Scammers and their acts of fraud pose as many different wolves, all in sheep’s clothing. The more you know about scams, the more likely you will avoid them.

Summer Scams

The best way to avoid a scam is to prepare. Scams are prevalent all year round, and this summer is no exception. If you ever have questions about financial scams, don't hesitate to reach out to CUA. We keep our staff up to date on recent trends. We also have dedicated team members that focus on identifying and preventing financial fraud and work with you to remediate issues that affect your CUA accounts. We’re all targets, but you don’t have to be a victim.

(Scammers) Never Fail to Adapt

Scammers never fail to find new ways to steal money and identities. Sometimes it is a tried-and-true scam, but they go after a new target group. Younger targets are what we see most recently. The "free money" scam has been around for years, but the targets are now younger.

Current Scams

It seems like every week there is a new scam or at least a resurgence of past scams. CUA is committed to sharing information so you are well informed and can avoid falling victim. Here’s what we’re seeing as of mid-February 2021.