Monday, November 10, 2008

Scams - How to Avoid Financial Loss

Every year, one out of three adults in the United States gets a call from a con man, and the very best in the business of telemarketing fraud are known in the con game as "the closers." These closers have bilked millions of dollars from unsuspecting Americans by pretending to be representatives of their credit union or bank.

How can you protect yourself from being scammed? Here are a few tips:

Never disclose personally identifying information (credit union account numbers, debit or credit card numbers, social security number, etc.) if it is requested by an unsolicited email or phone call.

Think logically. If you receive a phone call from someone at night claiming to represent LifeWay Credit Union, remember that LifeWay Credit Union’s operating hours are from 8:30 AM until 3:00 PM. We wouldn’t call you at night.

If you receive a call requesting information on your Credit Union account, just say no. Don’t fall for the caller’s “bullying” techniques or scare tactics.

Do you have Caller ID on your phone? Calls originated from within our office begin with the prefix 251.

If you’re still not sure, call the credit union at 615-251-2089 or 800-833-6805.

Our job is to take care of you and your money. If you have any questions, please feel free to your Credit Union. And thank you for your continued support of LifeWay Credit Union.

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