On March 27, the government passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – a $2 trillion aid package that seeks to provide financial relief to families and businesses affected by COVID-19.
Currently, there’s a trending scam directed at 3Rivers members specifically. Fraudsters are posing as the credit union and attempting to obtain our members’ personal information. They are doing so by sending a fake fraud text alert asking members to confirm “bogus” charges that were never actually authorized on their accounts.
Purdue University and a handful of other strong schools are offering what’s known as a “first year free” program through Modern States. This is an opportunity for high school students to earn up to 30 credit hours for free – just by passing the CLEP exams.
We’ve recently been made aware that 3Rivers members are being contacted by fraudsters posing as the credit union and attempting to obtain personal information. We want to remind you to be alert and practice caution if you’re ever contacted by what appears to be your financial institution or another trusted agency (via phone call, text message, or email) asking you to verify private details or numbers (credit card numbers, social security number, PINs, account numbers, and so on).
Image showing several bundles of hundred dollar bills.
In short, the National Credit Union Administration (NCUA) and the Federal Deposit Insurance Corporation (FDIC) are two agencies of the United States federal government that provide nearly identical deposit insurance to credit union members and bank customers. You can learn more about the two agencies at this link.
Our team at 3Rivers wants you to be able to focus on what matters most in trying times like these – your well-being and peace of mind. We strive to go above and beyond by listening to your concerns, helping you to come up with a plan, walking you through your options, and offering the support and encouragement you need to realize that everything will be okay.
CREDIT UNIONS VS. BANKS: While credit unions offer all of the products and services you’d expect from a financial institution, and are federally insured, they're different in that they exist on the philosophy of “people helping people.”
5 TIPS FOR USING CREDIT CARDS WISELY: Credit cards are a hot topic when it comes to personal finance. While some people advise not getting a credit card because of how quick and easy it is to rack up debt, there are also benefits to signing up for one – especially when it comes to help building your credit. The key, though, is using them wisely.